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Fortune Market Media, Inc. Enters Term Sheet to Acquire up to 50% Stake in SmartAD(TM)

Posted on: Wednesday, 27 May 2009, 10:00 CDT

TARZANA, Calif., May 27 /PRNewswire-FirstCall/ -- Fortune Market Media, Inc. (Pink Sheets: FTMK) announced today that it has entered into a term sheet to acquired a 50% stake in SmartAD(TM) which provides in-text advertising for print, video, and internet media. SmartAD(TM) competes in the multi Billion + dollars advertising market. This is an important technology that will set the company apart from other media companies in the market. This potential acquisition positions the company to generate significant revenues and may provide the company with another outlet for generating revenue from its existing client based.

Post due diligence and upon closing, the Company to issue to seller 5 million of its common shares, plus another $2.5 million of its common shares contingent upon final approval of the patent pending and actual sales of $2.5 million on annual basis.

Closing of the transaction is scheduled to mid June 2009, and contingent upon full satisfaction of the due diligence process, per the Company sole decision.

No relationship exists between Sellers and the Company and/or its affiliates, directors, officers or any associate of an officer or director.

About: SmartAD(TM)

SmartAD(TM) uses a patent pending technology to insert graphical images (logos, objects, etc.) into existing text, replacing non alphanumeric characters with the graphical images for the purpose of brand exposure. In addition to creating a visual impact on the viewer the images can be used to establish links in internet based uses.

About: Fortune Market Media

Fortune Market Media (FMM) is a diversified media and communication corporation servicing public and private companies with our turn-key media solutions. FMM is the leader in creating original programming for interactive media online, mobile, traditional print, radio and TV. FMM powerhouse production team allows it to create original programming that will reach targeted audience. FMM helps build businesses organically by connecting their brands with their desired demographic.

Safe Harbor Act: This release may contain '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.

SOURCE Fortune Market Media, Inc.

Source: PR Newswire

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