Quizam Media Corp.

Quizam Media Corp.

July 09, 2007 17:41 ET

Quizam Update on Global Licenses and Pilot Schools

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 9, 2007) - Quizam Media Corporation ("Quizam" or "the Company") (TSX VENTURE:QQ) would like to give an update on Country Licences sold to South Africa, the Gulf States and Saudi Arabia and the progress with the Pilot School Program.

A) South African Licence signed August 31st, 2006, press release August 31st, 2006.

Though the progress in South Africa has been slower than expected the Licensee (Abbey International Holdings Limited) has informed management that they are now ready to rollout the software starting September 2007. Quizam has delivered all of the software and is mobilized ready to assist the Licensee. The Licensee acknowledges the $250,000 USD fee as due and payable but has not yet paid the fee. Licensee has agreed to have the licence fee paid up no later than mid September 2007. Further to the news release please note that revenue split of 25% to Quizam and 75% to Abbey is based on Profits after agreed costs.

B) Gulf State License signed November 15th, 2006, press release December 4th, 2006 and the additional License for Saudi Arabia signed February 26th, 2007, press release Feb 27th, 2007.

Mourailles Investments owns the Licences for both the Gulf States and Saudi Arabia. This Licensee has delayed their Quizam launch in an effort to learn some strategies from the South African Licensee. The Gulf States and Saudi Licensee is targeting to roll out Quizam in the fall months following the South African roll out. Quizam has delivered all of the software (including an Arabic Translation) under the terms of the License agreement. The Licensee acknowledges that $500,000 USD is due and payable for the 2 licenses but has not yet paid the fee. The Licensee has agreed to settle the arrears no later than mid September 2007.

C) Pilot School Program introducing Quizam to the schools World Wide

Since January 2007 Quizam has signed deals with approximately 208 schools world wide to use Quizam Software. These deals are essentially a Pilot Program deal where in return for giving Quizam feedback on its product the schools gets a 6 month free license to use the software and up to a 30% discount if they purchase the software. Each of the pilot schools has signed a formal contract with Quizam. Quizam will contact each and every pilot school after the summer holidays starting September to sell them licences.

About Quizam Media Corporation (www.quizam.com)

Quizam Media Corporation is currently growing sales of Quizam 3.0 Software, a compelling Computer-Based Assessment tool that utilizes time-tested quizzing methods to empower students to learn in an environment where their assessment is instantaneous and their learning curve is accelerated. Students that use Quizam learn faster and score higher. Quizam's mission is to empower over a billion school-aged children and university students globally with relevant, effective and fun study aids.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and nature of potential acquisitions, joint ventures, partnerships, business dealings and financings, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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