XRAYMEDIA is On-track for Its Live Streaming-Inventory Media Marketplace
v1.0 Release, Scheduled August 21, 2001 12 pm EDT

For Immediate Release
Aug 7, 2001

NEW YORK & VANCOUVER, B.C.--(BUSINESS WIRE)--Aug. 7, 2001--
XRAYMEDIA.COM INC., (OTCBB:XRMD - news) is pleased to announce that it will
meet its scheduled launch date of August 21, 2001 12 pm EDT for the release of its
recently acquired software, the XRAYMEDIA LIVE STREAMING-INVENTORY MEDIA
MARKETPLACE v1.0.

Raymond C. Dabney, Chairman and CEO of XRAYMEDIA.COM, Inc. stated, ``We are
excited to introduce the first version of our Live Media Marketplace for media
professionals and business owners. Judging from the diverse media buyers and sellers
who are registering and submitting Requests For Proposals, our Live Media Marketplace
looks to be answering a need out there in the media community. We have received
inquiries from significant players who are looking to use XRAYMEDIA's site both as an
internal and external media inventory management tool.''

XRAYMEDIA.COM, Inc. Media Director, Meir D. Kahtan, remarks, ``Our system offers
small and large companies a tool to improve both inventory management and buying
efficiency. In a field that lacks pricing transparency, we offer buyers an opportunity
to secure the best prices without compromising the seller's proprietary pricing
information. In fact, we may have one of the most cost effective means for offering
and tracking media inventory for sale on the Internet today, which gives us a serious
shot at making our system an industry standard.''

About the XRAYMEDIA Live Media Marketplace

The XRAYMEDIA system is capable of providing one-on-one negotiations while
dynamically loading inventory changes. It has a simple format within a live,
public/private market forum. It is robust enough to handle high volume and has much
practical use in addition to its function as a pure auction site. The dynamics of
streaming all media inventory, multiple bidding capabilities, targeting, and analyzing
inventory can place us a step ahead of the competition by offering a new opportunity
for agencies large and small and publishers to enhance their reach daily through a live
streaming-inventory medium that is coming of age. XRAYMEDIA is revolutionizing the
$500 billion dollar media/advertising industry by providing media professionals, business
owners, executives and entrepreneurs worldwide, with a centralized media community.