SOURCE: Gen2Media Corp.

November 17, 2008 13:00 ET

Gen2Media Corp. Announces First Quarter Results

2,500% Revenue Increase and Operational Profit

ORLANDO, FL--(Marketwire - November 17, 2008) - Gen2Media Corp. (OTCBB: GTWO), a leading Digital Media Company, announced today that it had revenues in the first quarter of $514,135. This marks a 2,500% increase over the same quarter of 2007. Additionally, although the Company posted a loss of $515,115 for the quarter, when non-cash expenses and one-time charges are excluded the Company actually had an operating profit of $6,969.

"We are obviously incredibly pleased that our Company has experienced such strong revenue growth, and actually turned a profit from a pure operating standpoint in our first quarter as a public company," said James Byrd, Chairman and CEO. "For a young technology and media company to show that type of growth in its first year as an operating company, in the economic climate that exists today, is very satisfying."

Byrd added, "Our products and services are continuing to experience strong demand in the media verticals we serve, as we continue to see a migration of traditional media and advertising dollars into the digital arena. We are getting incredibly positive feedback on our technology and digital services from our clients and customers, and that is a testament to the development team and hard working employees that we have at Gen2. This is an exciting time for us, and we are looking forward to a great 2009."

About Gen2Media Corp: Gen2Media (www.gen2media.com) is a leading Digital Media Company and Network that owns and licenses a proprietary Digital Video Publishing Application to assist clients in creating and implementing online strategies, and also owns and operates the e360live Network, which is a digital entertainment network, including the e360live.com consumer website. Gen2 is a full end-to-end digital media company and network encompassing creation, production, technology, management and marketing of digital strategies in the fast growing digital media industry.

This press release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements can be identified by the words, "expects," "continues," "projects," "hopes," "believes," "could," and other similar words. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations and are not statements of fact, actual events and results may differ materially from those projected. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

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