SOURCE: FSBO Media Holdings, Inc.

November 13, 2007 09:30 ET

FSBO Media Holdings Issues Update to Shareholders

FSBO Media's New Business Model to Compete With YouTube, MySpace and FaceBook

FT. LAUDERDALE, FL--(Marketwire - November 13, 2007) - FSBO Media Holdings, Inc. (PINKSHEETS: FSMH) issues an update to its shareholders today.

FSBO Media management has been working on restructuring the company over the past several months. "The company has been adjusting to the real estate and mortgage meltdown and will inform our shareholders in future news releases of our restructuring progress," said FSBO Media's President Steve Bazsuly.

He added, "In the past, our policy of sharing our business plan and ideas with potential acquisition targets or joint venture partners has proven unsuccessful. Ultimately once we disclosed our business plan and placed it on the table for discussions, the acquisition target used our ideas and information to develop their own business model without our involvement even though we jointly executed non-circumventions and non disclosures. Our choice is to defer litigation at this time, as it would put financial burdens on our company. Our time and capital are being directed in developing a new and exciting business model." Bazsuly concluded, "Sadly, the days of handshakes, written agreements and fair play have been drowned out by greed and stupidity. Accordingly, we will not make any disclosures until the day we launch."


Previous News

1. FSBO Media entered into a sales and marketing agreement with Key-Tech International for the marketing and sales of a number of real estate projects in the Mississippi GOZONE. FSBO Media previously announced that it has formed a new subsidiary that will be engaged in the sales and marketing of affordable housing utilizing innovative hurricane resistant building technologies. The company also announced that it entered into a purchase agreement with Key-Tec International Inc. to acquire an interest in Key-Tec. The company's Contract Services Agreements are in full force and effect. Key-Tec International Inc. sales have been brisk with sales backlog approaching $20 million. Click link for Mississippi GO ZONE opportunities that explains the major tax credits and bonuses.

2. FSBO Media is providing marketing, sales as well as other support services for a resort and casino development. We have introduced the developer to a number of finance consortiums. The consortiums have indicated a strong interest in financing the resort and casino. Upon the closing of the financing, our subsidiary will receive an equity participation in the development. The amount of equity in the project will be based on our company's performance.

New Developments

1. FSBO Media is in the process of launching a unique business model that will be in direct competition with the very popular streaming video communities of YouTube, MySpace and FaceBook. We intend to launch the business in the first quarter of 2008. The timing of the launch will be subject to our company's ability to raise capital. We will update shareholders in future news releases as to our progress.

2. The new business model will not be in conflict with our other business interests.

3. FSBO Media is finalizing its accounting and will be posting financial information and the restructuring plan on our website once completed and in news releases.

No statement herein should be considered an offer or a solicitation of an offer for the purchase or sale of any securities. Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.

Contact Information

  • Contact:
    Steve Bazsuly
    Investor Relations: 954 537-1124