SOURCE: ROO Group

October 05, 2005 08:00 ET

ROO Group Completes 1 for 50 Reverse Stock Split, OTCBB Ticker Symbol Changed to RGRP

NEW YORK, NY -- (MARKET WIRE) -- October 5, 2005 -- ROO Group, Inc. (OTC BB: RGRP), an online video broadcaster, today announced it has completed a 1 for 50 reverse stock split. As a result of the reverse stock split, every 50 shares of ROO common stock will be combined into one share of ROO common stock. Beginning today, the Company's common stock began quoting on the OTC Bulletin Board under the new symbol "RGRP."

"We believe the change in ROO's stock structure and the resulting change in the stock price will aid in any consideration in the future of moving from the NASDAQ OTCBB to either the NASDAQ Small Cap Market or the NASDAQ National Market," said ROO CEO Robert Petty. "This change will also help in allowing investment institutions and funds whose guidelines prevent them from investing in stocks valued under $1 to invest in ROO."

About ROO

ROO Group Inc. ("ROO") is a global provider of digital media solutions and technology that enables the activation, marketing and distribution of digital media video content over the Internet and emerging broadcasting platforms such as set top boxes and wireless. ROO Media www.roomedia.com, a subsidiary of ROO, offers turn-key video solutions for businesses seeking to improve their web presence with video broadcasts or broadcast their own latest video clips. ROO helps business advertise their latest offering with interactive advertising solutions, 15-30 second video commercials with a linked call to action and played simultaneously with topical video content in a television style format over the Internet. More information can be obtained from ROO's web site located at www.roogroupinc.com

Certain statements in this document constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of ROO Group Inc ("the Company"), or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its plan of operations when needed; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov.

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