SOURCE: Financial Media Group, Inc.

February 13, 2009 12:14 ET

UPDATE: Update to Shareholders From Financial Media Group

IRVINE, CA--(Marketwire - February 13, 2009) - Financial Media Group, Inc. (OTCBB: FNGP) -- The past year has brought some turbulent times to the financial industry as a whole, and WSN properties were no exception. While our core business model continues to make good strategic sense, we expect sales to continue to decline for WSN brands in general and that the coming year will be an unstable one for the WSN properties. Since our current model is heavily directed to the financial industry, our existing cash flow through our traditional core business is expected to suffer for 2009.

On the positive side, over the years we have developed a competitive expertise in social networking, 2.0 web marketing, web programming and publishing, and strategic positioning in the web publishing arenas. Additionally, due to the fiercely competitive and complex nature of the financial media space, we believe we can enter other industries at an accelerated level of performance and advantage strategic positioning.

We are currently developing new web properties in the Classified and Entertainment industries, which we plan to announce shortly. While these properties are as-yet undeveloped and uncharted by the Company, we remain excited and optimistic about these new properties and our strategic plan to enter them.

Our core products will remain intact but on a much smaller scale, awaiting the financial industry's turnaround, while the Company continues to conserve its resources.

We look forward to introducing these properties to the investment community in the coming weeks.

Thank you for your continued support.

Contact Information

  • Contact:
    Financial Media Group, Inc.
    (949) 486-3990