Purchase Point Media Corp.
OTC Bulletin Board : PPMC

May 31, 2005 09:01 ET

Purchase Point Media Corp. Arranges New Financing Program

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 31, 2005) - Purchase Point Media Corp. (OTCBB:PPMC), (PPMC). In November of last year PPMC announced that it had contracted with Charterhouse Capital Markets Inc. (CCMI), to assist PPMC in securing financing to conduct a nationwide roll out program, of The Last Word™.

The initial financing discussed in PPMC's last press release did not occur. Subsequently, CCMI has arranged on behalf of PPMC, a minimum of $7,000,000 of 5 Year - Floating Rate Notes, which will be secured as to principal and a floating rate of interest by an "AAA" rated financial instrument. The $7,000,000 will be used to prepay 60 to 90 day interest, commission to the Placement Agent, and Trustee, and the Legal and Bond Rating fees on a $100,000,000 bond. Under the agreement with the financial institution referred to above, CCMI will provide a similar "AAA" rated financial instrument as security to the $100MM bond holders.

The $100,000,000 bond proceeds will then be used in a "market neutral" hedge program yielding sufficient returns to fund PPMC, on a scheduled basis, with the required capital needed to proceed with its rollout of The Last Word™.

PPMC and CCMI have provided preliminary offering documents to numerous prospective Investors and the initial response to the structure has been exceptional.

The Last Word™ is a clear plastic, weatherproof, highly durable, state of the art, point-of-purchase ("POP") display device that encloses a glossy color photo insert containing ten, 3 inch by 3 inch POP ads. The panel is 1/4 inch thick, 7 inches high and 16 inches wide. The Last Word™ attaches to the back of the child's seat section in grocery carts, so that it is directly in front of the shopper's eyes. Each of the three inch POP advertisement squares, are equal in size to a 21 inch TV 10 feet away. Additional information can be viewed by going to http://www.ppmc.us.

Statements in this NEWS UPDATE other than historical facts are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E, of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intents that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements are subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results.


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