SOURCE: TM Media Group Inc.

April 23, 2008 14:49 ET

TM Media Group, Inc. President Resigns and Company Sells Its Entertainment Assets

VANCOUVER, BC--(Marketwire - April 23, 2008) - TM Media Group Inc. (PINKSHEETS: TMMG) has reached an agreement with its President and Director, Matt Harmon, to sell its entertainment assets for $5000 and 20 million shares of the company's stock. The agreement further calls for Mr. Harmon to form a new corporation in which all TM Media's entertainment assets will be transferred and TM Media's shareholders will receive a distribution totaling 5% of the shares issued and outstanding in the new corporation. As a result of this agreement, Matt Harmon has resigned effective immediately from the Board of Directors and no longer serves as an officer of the company. CFO, Brian Larsen is appointed President and Roger Gary is appointed to the Board. The company is seeking a new acquisition in the resource sector.

Safe Harbor Act:

This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

Contact Information

  • For information call:
    TM Media Group, Inc.
    1-866-922-9511