SOURCE: MegaMania Interactive, Inc.

September 29, 2005 12:52 ET

MegaMania Denies Charges of Improper Stock Sale

HOUSTON, TX -- (MARKET WIRE) -- September 29, 2005 -- MegaMania Interactive, Inc. (OTC: MNIA), on September 13, 2005, received notice that the Securities Exchange Commission (SEC) had filed a civil complaint against MegaMania and its President alleging that they knowingly participated in a "Pump and Dump" scheme, issued fraudulent and misleading statements and were not actually in business.

MegaMania's response is that the charges are unfounded and that the Company is currently negotiating with the SEC to reach a resolution. MegaMania's President and CEO, Mr. George W. Bogle Jr., states, "We take the SEC's charges very seriously, however MegaMania believes it's done nothing to intentionally harm shareholders."

Bogle continued, "I'm hopeful that we can find a positive resolution to this matter. I am asking all our employees, clients, shareholders and friends to withhold judgment until the process is complete and continue to support us during this difficult time."

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