Creator Capital Limited
OTC Bulletin Board : CTORF

Creator Capital Limited

November 30, 2006 18:06 ET

Creator Capital Signs Letter of Intent With Newmediacom

HAMILTON, BERMUDA--(CCNMatthews - Nov. 30, 2006) - CREATOR CAPITAL LIMITED (OTCBB:CTORF) ("CCL" or the "Company") is pleased to announce that the Company has signed a Letter of Intent with Newmediacom Limited ("NMC"), of the United Kingdom, for the purpose of negotiating rights to certain services related to the provision of live, streamed, and downloadable video services to mobile devices and other video distribution and receiving technologies.

ABOUT NEWMEDIACOM

Newmediacom Ltd., www.newmediacom.co.uk is one of five companies, which comprise the Phones International Group www.phonesintgroup.com. Phones International Group was founded in 1998 by Peter Jones. The Group provides a portfolio of core business offerings combining mobile logistics, distribution and fulfillment, configuration, content products and delivery and other related services within the mobile and wireless industries. Newmediacom was acquired by the Phones International Group early in 2004. The company provides broadcast quality services and solutions that can be utilized in the mobile phone arena.

ABOUT CREATOR CAPITAL

Creator Capital Ltd., www.creatorcapital.com a Bermuda exempted company, along with Harrah's Entertainment Inc., introduced the in-flight interactive gaming experience to international airline passengers as a method of creating additional revenues for airlines in 1998. In addition to providing interactive in-flight gaming entertainment software and services, CCL also offers and distributes international entertainment and sports content for broadband television over the internet. Through its division, Creator.tv, CCL can now deliver not only its existing in-flight gaming entertainment, but a wealth of additional content, to electronic entertainment platforms over the Internet.

ON BEHALF OF THE BOARD OF DIRECTORS

Deborah Fortescue-Merrin, President

Safe Harbour statements under the Private Securities Litigation Reform Act of 1995;

Certain statements in this document constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, and Section 21B of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Creator Capital Limited ("the Company"), or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its plan of operations when needed; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov.


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