SOURCE: Wall Street News Alert

Wall Street News Alert

August 21, 2007 09:08 ET

Wall Street News Alert Reports Tuesday's Stocks to Watch: CNMY! August 21, 2007

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

WESTON, FL--(Marketwire - August 21, 2007) - Wall Street News Alert's "stocks to watch" this morning are: CineMaya Media Group (PINKSHEETS: CNMY), Focus Media Holding Limited (NASDAQ: FMCN), GigaMedia Limited (NASDAQ: GIGM) and Liberty Media Corporation (NASDAQ: LCAPA).

As a leading provider of high quality international South Asian media, entertainment, and marketing services, CineMaya Media Group (PINKSHEETS: CNMY) is a new "must-see" stock for investors. Monday after the markets closed, the company issued a major press release announcing that it has been hired by Indian online gaming leader, TeenPatti.com, to launch an aggressive worldwide media campaign for the three card gaming site and its brand new, free browser-based product, requiring no downloads.

This is great news for CNMY and its investors. According to the press release, the Internet gaming space has been gaining substantial momentum in Europe and Asia, despite suffering a blow in the U.S. with the passing of a new bill by Congress in October of 2006, which limited Internet gaming in the U.S. As most companies in the sector began focusing their attention toward Europe and China, TeenPatti.com has quietly become the number one gaming company catering the Indian market. Now, with instant name recognition, and new software, it appears TeenPatti.com doesn't wish to remain silent much longer, as evidenced by their reengaging one of the leading Indian media companies in CineMaya Media Group.

The strategic campaign will be created and managed by CineMaya's new Indian division, CineMaya Media India, and feature an advertising blitz utilizing both on and offline exposure for TeenPatti.com employing viral online marketing, Internet banners, billboards, and print advertising, with the ultimate goal of increasing brand identity and expanding TeenPatti.com's base of online players.

Wall Street News Alert is placing Aggressive Investors on alert to monitor the progress of CineMaya Media Group! "Having worked with TeenPatti.com previously, we are honored and excited to be selected again as their marketing agency to lead this campaign," stated Nayan Padrai, President and Chief Operating Officer of CineMaya Media Group. "We have enjoyed a history of servicing industry leaders in their respective sectors, and TeenPatti.com is no exception. With the number of Internet users rapidly increasing in India, we believe the timing of TeenPatti.com's new product launch is ideal, and their brand should be well received by the masses as India's number one card game continues to flourish."

Before the news was released, CNMY had closed Monday at Eleven cents a share.

To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit www.WallStreetNewsAlert.com, where you may also sign up to receive free email alerts in advance of our press releases being issued.

In case you are not familiar with the company: CineMaya Media Group is the leading provider of high quality international South Asian media, entertainment, and marketing services. Established in 2000 as a vertically integrated company, CineMaya Media Group has since grown into a mini-conglomerate in the ethnic media landscape through its robust businesses within the following areas: Publication, Broadcast Television, Radio, Film & Television Production, Events, and Advertising.

Focus Media Holding Limited (NASDAQ: FMCN) down 1.9% on 1.7 million shares traded.

Focus Media Holding Limited is China's leading out-of-home multi-platform life-style media company, which operates the largest out-of-home advertising network in China using audiovisual flat-panel displays.

GigaMedia Limited (NASDAQ: GIGM) down 1.5% on 1.8 million 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.

Liberty Media Corporation (NASDAQ: LCAPA) up 0.1% on 473,000 shares traded.

Liberty Media Corporation owns interests in a broad range of electronic retailing, media and communications and entertainment businesses. Those interests are attributed to two tracking stock groups: the Liberty Interactive group, which includes Liberty's interests in QVC, Provide Commerce, IAC/InterActiveCorp and Expedia, as well as the Liberty Capital group, which includes Liberty's interests in Starz Entertainment, News Corporation and Time Warner.

Market Commentary:

"The Federal Reserves move last Friday dropping the Fed rate to banks by 50 basis points to 5.75%, this is the rate the Federal Reserve Banks charge to banks, is a move to help with liquidity. Analysts have mixed views as to the effectiveness of the move, some say it is only a prelude to the September 18 meeting of the FOMC, the Federal Open Market Committee, that sets rates," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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