Metamedia Capital Corp.

Metamedia Capital Corp.

March 09, 2005 13:11 ET

Metamedia Capital Corp.: Appointment of New Director


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: METAMEDIA CAPITAL CORP.

TSX VENTURE SYMBOL: MME

MARCH 9, 2005 - 13:11 ET

Metamedia Capital Corp.: Appointment of New Director

CALGARY, ALBERTA--(CCNMatthews - March 9, 2005) - Metamedia Capital
Corp. (TSX VENTURE:MME) ("Metamedia" or the "Company") wishes to
announce that Constantine Issakidis was appointed to the board of
directors at the last board meeting held on February 28, 2005. The
appointment is subject to regulatory approval, which is in the process
of being obtained.

Mr. Issakidis has been Vice President of Acropolis Steel Industries for
15 of his 31 years of working with the company. Acropolis specializes in
structural steel products for the petrochemical and industrial
marketplace. He is also Vice President of K.E.G Investments Limited, a
company specializing in industrial property development, as well as
being the President of K.E.G Airports Developments Limited, an aviation
industry property developer.

Mr. Issakidis was born in Piraeus, Athens, Greece, immigrating to
Calgary, Alberta in 1967. He has a Bachelors Degree in Art and Sociology
from the University of Calgary, specializing in the sociology of
business and the study of large organizations. His interests include
aviation, where he has obtained his multi-engine IFR rating pilot's
licence.

The Company also advises that a Notice pursuant to Section 4.9 of
National instrument 51-102 was filed on SEDAR on March 3, 2005. The
notice confirms that, as a result of the completion of the Company's
Qualifying Transaction last year, the year end of the consolidated
companies is now December 31st. Accordingly, the next financial
statements required to be filed are the December 31, 2004 consolidated
statements which are due by April 30, 2005.

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Metamedia Capital Corp.
    Mr. Alexandros Kostis
    President
    (403) 333-3000
    Email: akostis@metohos.com
    or
    Metamedia Capital Corp.
    Mr. Chuck Jenkins CGA
    Controller
    (403) 284-3340
    Email: chuck@metohos.com
    The TSX Venture Exchange has neither approved nor disapproved the
    contents of this press release.