Paley Media Inc - Company News

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30 January 2005

NewMedia Holdings Assigns Daily Management Duties

Paley Media Begins Exclusive Arrangement

Seattle, WA- Paley Media Inc., announced that effective 1 January 2005, Paley Media will assume day-to-day management resonsibilities over all facets of the development, operations and administration of the online media assets owned by NewMedia Holdings, Inc.

About NewMedia Holdings, Inc.

NewMedia Holdings, Inc., owns an online network of niche media properties comprised of some of the world's most unique and visible brands across subjects as destination guides, travel, commerce, trade, entertaiment, sports, investing and nature. The Company is privately held and located in Seattle, Washington.

About Paley Media, Inc.

Paley Media, Inc., is a web development company providing technology, commercialization, editorial, management, and strategic support services to web site owners seeking to enhance their online presence. Paley Media is the exclusive licensee and is responsible for the day-to-day management and operations of its GeoDomains and Affinity properties. Paley Media is a privately held corporation located in Seattle, Washington.

20 December 2004

Paley Media Secures Exclusive License To Develop Top Online Brands

Redevelopment of Domain Properties Begins

Seattle, WA- Paley Media, Inc., announced today that it has been granted an exclusive license to develop a portfolio of web sites, owned by NewMedia Holdings, Inc. A partial list of those sites include Scotland.com, Russia.com and PuertoRico.com as well as other assets such as HorseRacing.com, Musicians.com, and Airplanes.com.

About Paley Media, Inc.

Paley Media, Inc., is a web development company providing technology, commercialization, editorial, management, and strategic support services to web site owners seeking to enhance their online presence. Paley Media is a privately held corporation located in Seattle, Washington.

About NewMedia Holdings, Inc.

NewMedia Holdings, Inc., owns an online network of niche media properties comprised of some of the world's most unique and visible brands across subjects as destination guides, travel, commerce, trade, entertaiment, sports, investing and nature. The Company is privately held and located in Seattle, Washington.