SOURCE: Virtual Media Holdings Inc.

March 08, 2007 13:09 ET

Virtual Media Holdings Inc. Signs Exclusive Sponsorship Agreement With Mamma.com

VANCOUVER, BC -- (MARKET WIRE) -- March 8, 2007 -- Jim Carroll, president of Virtual Media Holdings Inc. (OTCBB: VMHIF), is pleased to announce the signing of an exclusive advertisement agreement with Mamma.com to sponsor their new video platform. The agreement will run for seven (7) months with an option to extend the agreement. Mamma.com will initially expose www.vmhsales.com to 20,000 unique viewers per day and has plans to launch a campaign to steadily grow the number of unique viewers. The ad is located on every page of Mammavideos.com, Mamma's flagship video search engine that allows internet users to search through streaming video supplied by YouTube.com, Metacafe.com and many others. The ad can be viewed at www.mamma.com by clicking on the "Videos" tab and conducting a search.

This campaign is being run in conjunction with Google and Froogle exposure that should significantly increase our sales and make www.vmhsales.com competitive with companies such as Amazon, e-Bay and Half.com. Virtual Media Holdings Inc. is predicting 2007 will be a great year for the Company as we expand the number of product lines offered on our site and bring in a new technology that will increase the number of revenue streams.

ABOUT VIRTUAL MEDIA HOLDINGS

http://www.virtualmediaholdings.com/

Virtual Media Holdings Inc. (OTCBB: VMHIF) is committed to changing the way merchants and consumers interact on the internet. Through its proprietary marketplace platform, a custom-built software framework that facilitates the direct consumer-to-consumer and business-to-consumer buying and selling of new and pre-owned merchandise, the system combines a customized content management system with core order processing engines adapted to each unique market.

The content management facilities support the creation of a comprehensive web-based user community for a specific market, including features such as session management, product reviews, live aggregated retail prices, forums, and community feedback. Order processing modules support market inventories, authenticated order processing, billing, order tracking, commissions, and other market-related tasks. Companies can achieve both increased web presence and revenues by partnering with VMHSales.com and using the Company's unique e-commerce platform.

This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.

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