SOURCE: Verde Media Group Inc.

Verde Media Group Inc.

June 20, 2013 08:15 ET

Verde Media Group, Inc. Announces Debt Reduction and Agency Action

LOS ANGELES, CA--(Marketwired - Jun 20, 2013) - Led by new Vice President, Adam DesLauriers, Verde Media Group Inc. (PINKSHEETS: VMGI) has transferred ownership of Beyond Race Magazine (BRM) and to its editor-in-chief. The decision has been made to sub-contract future music needs on a per-project basis. Furthermore, the company has initially decreased its long-term liabilities by $20,000.00.

Vice President Adam DesLauriers stated, "Consistent with our increased focus on finance strategy, agency communications, and media production and distribution, we've decided to direct our resources more pointedly."

The results described herein cannot be guaranteed. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions.

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    Verde Media Group, Inc.
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