SOURCE: Wall Street News Alert

Wall Street News Alert

June 07, 2007 08:45 ET

Wall Street News Alert: ILVL Is on the Move! June 7, 2007

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL--(Marketwire - June 7, 2007) - Wall Street News Alert's "stocks to watch" this morning are: i-level Media Group Inc. (OTCBB: ILVL), Time Warner Inc. (NYSE: TWX), GigaMedia Limited (NASDAQ: GIGM), iMergent, Inc. (AMEX: IIG).

There is more great news for i-level Media Group Inc. (OTCBB: ILVL) investors! Just this morning, the company has issued a press release announcing that it has signed a contract with Beijing Northern Taxi (Beijing Ltd) to begin installing the i-level Mobile Media Network in China's capital city.

This could be huge news. i-level Media Group and Beijing Northern have signed a cooperation agreement which grants i-Level the exclusive rights to operate liquid crystal display (LCD) based advertising display units (ADU) in 3200 Beijing Northern taxis operating in central Beijing. This marks i-level Media Group's initial entry into the Beijing market. The cooperation will begin with the initial terminal installations set to roll out in July 1st 2007. During the initial stage of the installations Beijing Northern's management, the taxi drivers and passengers will be surveyed to ensure maximum success of the program.

Watch this company very closely! This entry into China's capital marks a major milestone for i-level as Beijing is critical to the success of i-level's national mobile media network strategy. As i-level completes its current contract with Jin Jiang Taxi in Shanghai, the Beijing Northern contract and other imminent contracts will allow i-level to continue its rapid growth and anticipated introduction of 1000 new screens in operation per month. Furthermore, contracts such as this one will allow i-level to reach its goal of approximately 10,000 screens in operation by the beginning of 2008 as well as grow its revenues exponentially as it continues to gain market share and penetrate new metropolitan.

Wall Street News Alert is continuing to advise aggressive investors to monitor the company's progress. "This marks an exciting milestone in the development of i-level and our mission to build a national media network," stated i-level President & CEO Aidan Sullivan before adding, "We look forward to working with Beijing Northern's management, drivers and passengers as well as the local government authorities to ensure that we bring the best possible taxi media solution to the great city of Beijing and replicate the success we have enjoyed in Shanghai."

WSNA recently reported that Market Advisors Inc. had initiating coverage of I-level Media Group with an intermediate term price objective of $2.60 per share. At that time, the Market Advisors report stated that the company currently has more than 2,000 Shanghai taxis equipped with LCD screens and the rights to 7,000 taxis that will generate approximately 8 million unique viewer impressions every month for advertisers. In addition, out-of-home advertising -- enhanced digital billboard technology, creative use of other venues, and an attractive price structure -- will lead the way in the Asia/Pacific market, totaling $5.6 billion in 2009 and at a Compound Annual Growth Rate (CAGR) of 4%.

ILVL stock closed Wednesday at $1.03 a share.

i-level Media Group Inc. is an emerging media company delivering powerful digital media solutions for out-of-home advertising in China. The company owns and operates one of the largest digital in-taxi advertising networks in existence and also licenses its technology and expertise to third parties seeking mobile digital media solutions. i-level's proprietary technological platform, consisting of high-quality LCD displays mounted inside the passenger compartments of taxis, provides a consistent, reliable and high-impact channel for reaching consumers on the go. Through exclusive distribution agreements with China's leading taxi operators, i-level puts advertisers' messages in front of a highly sought-after audience, in a captive and intimate setting.

Time Warner Inc. (NYSE: TWX) down 1.5% on 23.2 million shares traded. Time Warner Inc. is a leading media and entertainment company, whose businesses include interactive services, cable systems, filmed entertainment, television networks and publishing.

GigaMedia Limited (NASDAQ: GIGM) down 1.6% on 628,000 shares traded. GigaMedia Limited (Singapore registration number: 199905474H) is a major provider of online entertainment software and services. GigaMedia develops and licenses software for online gaming.

iMergent, Inc. (AMEX: IIG) down 1.4% on 376,000 shares traded. iMergent provides eCommerce solutions to entrepreneurs and small businesses enabling them to market and sell their business products or ideas via the Internet.

Market Commentary:

"Economic news, released by the Labor Department, said that revised numbers for worker productivity was lowered by 1% from 1.7% for the 1st quarter. In the domino game of the economy, this sends costs upward for companies, hence inflationary warnings, hence no relief in short-term interest rates. Unit labor costs are up by 2.2% in the past year," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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