SOURCE: Varsity Media Group, Inc.

August 23, 2006 12:29 ET

Varsity Media Group Announces Appointment of Todd Stoller as Its President & Chief Operating Officer

AUSTIN, TX -- (MARKET WIRE) -- August 23, 2006 -- Varsity Media Group, Inc. ("VMG"), the leading multi-media company dedicated to teenagers worldwide, announced today the immediate appointment of Todd Stoller as the company's President and Chief Operating Officer. As President and Chief Operating Officer, Mr. Stoller is responsible for the daily operation and management of VMG.

"As VMG's Executive Vice President and Chief Operating Officer since 2004, Todd has brought VMG significant experience in analyzing and negotiating complex issues," said Kelly Hoffman, Founder and CEO of VMG. "During his tenure with VMG, Todd's keen sense of marketing and overall leadership made him a perfect choice to lead VMG into the future."

Prior to joining VMG in 2004, Mr. Stoller was in the private practice of law specializing in complex commercial litigation with a focus on intellectual property disputes. Mr. Stoller holds a Bachelor of Science Degree in Marketing from Indiana University's Kelley School of Business and a Juris Doctor Degree from Southern Methodist University's Dedman School of Law. Mr. Stoller is a member of the State Bar of Texas.

About Varsity Media, Inc.

Varsity Media Group, Inc. ("VMG") is a leading multi-media company dedicated to teenagers worldwide. VMG brings together a unique combination of popular and synergistic Internet, mobile and television entertainment properties. The core of the VMG properties is www.VarsityWorld.com -- a teen destination portal that blends viewer generated, proprietary, and third-party content to provide teens access to the most important elements of their lifestyle. The VarsityWorld.com portal is supported and enhanced by the following VMG properties: (1) Varsity Mobile -- targets the large global contingent of teenagers with mobile devices and allows teens to stay connected to the VMG offerings at all times; (2) Varsity TV -- a 24 hour independent cable/satellite network which showcases longer form teen oriented programming; and (3) America's High School Network® -- the ultimate feeder system of content and talent to the VarsityWorld.com portal. VMG has solidified its position with thousands of high schools across the country and established itself as a trusted media outlet for the creative works of teens. For more information, visit www.VarsityWorld.com.