SOURCE: Virtual Media Holdings Inc.

August 01, 2006 09:15 ET

Djangos.com & .eu Joins With VMHSales.com

VANCOUVER, BC -- (MARKET WIRE) -- August 1, 2006 -- Steve Furst, President of Djangos.com & .eu and Steve Gaspar, President of Virtual Media Holdings Inc. (OTCBB: VMHIF) announced today that Djangos networks have become major sellers internationally on the newly launched VMHSales.com.

Djangos Dual Networks is a virtual warehouse for 458 Indy Music and Movie Stores in both the USA and Europe. As the gateway to the Internet through Djangos Virtual Warehouse, Djangos will list their inventories on the innovative VMHSales.com buyer/seller marketplace portal offering millions of new and used items for sale.

According to Steve Gaspar, President of Virtual Media Holdings Inc, "We look forward to adding the Djangos network of Indy Music and Movie stores in the US and Europe to our portal. Clearly our customers will enjoy the quality and selection that Djangos.com is known for. It is great to see inventories of hundreds of Indy Music and Movie stores shipping their Brick and Mortar inventories of used music and movies to VMHSales.com customers thousands of miles away from their stores."

Steve Furst of Djangos.com & .eu added, "We share the same concept of marrying the Brick and Mortar retail industry to the Internet. The VMHSales.com Portal is certainly the Portal of choice for our Virtual Warehouse of stores to become part of."

About Djangos.com & .eu:

Djangos is the world's largest network of Indy stores offering more than 2.0 million New and used titles of music, movies and games on the Internet. The dual networks provide both quality and hard to find titles listed on the Virtual Warehouse from stores in the USA and Europe.

About Virtual Media Holdings Inc.:

Virtual Media Holdings, Inc. (OTCBB: VMHIF) is committed to changing the way merchants and consumers interact on the Internet. VMH has created a variety of Internet-based buyer/seller communities knows as virtual marketplace where VMH supplies a robust marketplace for traditional brick and mortar as well as other e-commerce companies to sell their media products. By partnering with VMH and using its unique e-commerce platform these companies achieve both increased web presence and increased revenues. VMH websites include www.dvdmarketplace.com and www.VMHSales.com.

Safe Harbor Act Notice:

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors including, but not limited to those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at www.sec.gov). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise. For further information about the company go to: www.vmhif.com

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