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Internet Media Technologies, Inc. Files Current Financial Statements With Pink Sheets

Posted on: Tuesday, 11 March 2008, 09:00 CDT

Internet Media Technologies, Inc. (Pink Sheets:IMTG) confirmed today that the Company has filed quarterly and yearly financial statements (unaudited), as well as a current 15c2-11 form, to comply voluntarily with the newer and more stringent guidelines for issuers set forth by Pink Sheets LLC on providing adequate "Current Information." Pink Sheets, which is not affiliated with the NASD or NASDAQ, provides a quotation service to market makers in the U.S. As a result of recent improvements and essentially an overhaul of its rating system, all corporate issuers of OTC equity securities are now strongly encouraged by Pink Sheets to disclose current financial information on a regular basis -- standards that were previously only adhered to by fully-reporting and/or exchange-listed securities.

IMTG has filed unaudited financial statements for the previous three fiscal years, as well as for the first three quarters of its fiscal year 2007 (through Sept 30, 2007). The company plans to file additional statements for the period ending Dec 31, 2007 within the next several days. In addition to the financials, the company has filed Form 15c2-11 along with an Attorney Agreement letter verifying accuracy of the information provided.

Mr. Prescott, CEO of Internet Media Technologies, Inc., said of the occasion: "It is a priority of the Corporation to become increasingly transparent, and provide the investment community with the type of disclosure necessary to gain confidence in our newly announced business model and strategy. Our number one goal is to increase shareholder value. An important, longer-term element of our new business model is to become a fully-reporting issuer under SEC guidelines, and apply for a listing on one of the major North American Exchanges within the next 18 months."

About Internet Media Technologies, Inc.:

Internet Media Technologies, Inc. (IMT) is a technologies holdings company currently comprised of interests in VoIP (Voice over Internet Protocol) for both residential and commercial customers, and in a revolutionary digital media delivery platform. This retail-based platform is designed to market all entertainment products, i.e. movies, music & other digital content, via a network of unique digital kiosks (or digital docking stations) and vending machines. The company's longer-term plans are to develop a synergistic network of innovative, profitable and global businesses.

Forward-Looking Disclaimer:

Statements contained herein that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Internet Media Technologies, Inc intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause Internet Media Technologies, Inc. actual results, performance or achievements to differ materially from current expectations.

Additional information is available on IMT's Websites by navigating to www.myvoxbox.com and www.internettechno.com.

Source: Business Wire

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