SOURCE: Media Group South, Inc.

November 30, 2006 09:00 ET

Media Group South Enters Exclusive Option to Purchase Beacon Literacy

NASHVILLE, TN -- (MARKET WIRE) -- November 30, 2006 -- Media Group South, Inc. (PINKSHEETS: MGUP) announced today that, subject to further due diligence, it has signed and entered into an exclusive option to purchase Beacon Literacy, LLC, an 8-year-old Tennessee educational company that teaches a biofeedback reading program in both the public and private sectors.

This acquisition will enable Media Group South to form a foundation in which to build a strong infrastructure.

About Beacon Literacy:

Beacon Literacy, developed by a Canadian Psychologist, uses self-voice echo biofeedback coaching to build reading skills. This learning technology is a unique approach to reading development combined with cumulative and structured multi sensory materials that produce very rapid growth with an average increase as much as 2.6 grade levels in only 10 weeks of (2), one on one twenty minute sessions. Moving from the public and private school sectors, industry is now using the program to teach English to their foreign language speaking employees. Spanish, French, Dutch and S. Korean programs are now available for both children and adults.

Forward-Looking Statements:

Based on current expectations and assumptions, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical experience and projections. Such forward-looking statements are inherently uncertain and actual results may differ from those expressed or implied. Consequently, readers should not place undue reliance on any forward-looking statements. Media Group South, Inc. undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Contact Information