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I have been following this stock for a couple weeks. I read the 10Qs, pretty interesting stuff.

IndieMV Media Group to Begin Asian Expansion in Philippines with Appointment of Strategic Board Member

IndieMV Moves to Open Asian Marketplace and Expand Reach as Multi-Billion Dollar Digital Music Industry Continues to Boom

NEW YORK, Jun 19, 2008 (BUSINESS WIRE) -- IndieMV Media Group, Inc. (OTCBB:IDMV), a company that is pioneering new business models and social media sites for the distribution, licensing, and marketing of digital media, today announced that the Philippines would be the entry point for the Company's Asian expansion. Utilizing the vast contacts and network of newly appointed Board member, Sherwin Lim, the Company plans to capitalize on the opportunities that exist in the Philippines as the Company's entry point into the Asian marketplace.

"With the Philippines being one of the fastest growing Internet and Mobile phone users in Southeast Asia, we feel strongly that using the Philippines as our entry point into the Asian marketplace would provide a stable and viable footing for our expansion into the rest of Asia." Stated Mr. Lim.

A 2007 PricewaterhouseCoopers study estimates Asia's digital music industry at over $4.2 billion. Internet users in China alone have grown from 23 million in 2000 to 162 million in 2007. (Miniwatts Marketing Group, 2007)

"I am excited to bring my experience to the IndieMV team as a member of the Board. I am looking forward to not only opening as many doors as I can in Asia but also providing valuable inputs regarding mergers and acquisitions and corporate governance".

Sherwin John Y. Lim is a serial entrepreneur with an extensive background in commercial and investment banking and financial management consulting with a proven history in the formation and development of successful global businesses and international interests.

With a BA in Economics from the University of the Philippines and a Canadian MBA from Laurentian University, Mr. Lim began his career as a licensed stockbroker/RR in the TSX (Toronto Stock Exchange) and then trained as a Commercial Banker at Citibank. Subsequently he served as an Investment Banker with the Pacific Asia Capital Corporation and was Financial Management Consultant for De la Rue plc, which is the world's largest provider of security paper and currency printing equipment.

A noted entrepreneur, Mr. Lim has founded a number of start-ups that have thrived and are successful ongoing businesses in Canada and the Philippines in the varied fields of Wholesale Distribution, Bonded Warehousing, Customs Brokerage, Plastics and Video Compression Technology. He is currently a Director on the Board of Taiga Building Products Ltd. and was the Audit Committee Chairman for the past three years. Taiga is Canada's Largest Distributor of Lumber and Building Products with annual sales in excess of a billion dollars.

Bridging enterprise and social responsibility, Mr. Lim also serves on the Board of Advisers for Canadian Pacific Global Pharmaceuticals, which is engaged in the marketing and distribution of pharmaceutical products worldwide as well as the operation of a number of Medicine Shoppe drugstores in Canada. And, he is a Founding Benefactor of the Lion's Medical Eye Bank of the Philippines Foundation, headquartered at the Cebu Doctors' University Hospital and inaugurated last January 2007.

IndieMV CEO, Ricardo Khayatte Jr. welcomed Mr. Lim to the Board and announced that new beta features and optimization to the Company's social music flagship, IndieMV.com, are also being discussed as part of this overall strategic expansion into the Philippines. Mr. Khayatte stated, "Among the many new implementations being discussed are catalogue upgrades, optimized navigation, and new advertising solutions."

"Safe Harbor" Statement under Private Securities Litigation Reform Act of 1995

This press release contains certain forward-looking statements based on the Company's current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements include statements regarding the Company's expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words and include statements regarding the planned and/or anticipated benefits to users of the Company's products and the timing of distribution of such products. Forward-looking statements in this release are based on information available to the Company as of the date hereof. The Company's actual results may differ materially from those stated or implied in such forward-looking statements due to risks and uncertainties associated with the Company's business, which include the Company's ability to execute its business strategy and the other risk factors disclosed in filings with the Securities and Exchange Commission. The Company assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

SOURCE: IndieMV Media Group, Inc.

CONTACT: IndieMV
Ricardo Khayatte Jr., President, CEO
Investor Information: 778-317-1383

Posts: 94 | From: San Diego | Registered: Oct 2007  |  IP: Logged | Report this post to a Moderator
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IndieMV Media Group Targets Strategic Mergers and Acquisitions and Continues to Expand Board

IndieMV Appoints Additional Strategic Board Member to Enhance Strategy as Company Targets Acquisitions

NEW YORK, Jun 25, 2008 (BUSINESS WIRE) -- IndieMV Media Group, Inc. (OTCBB:IDMV), a company that is pioneering new business models and social media sites for the distribution, licensing, and marketing of digital media, today announced that in addition to the appointment of Mr. Adrian J. Palmer, P.Eng., ICD.D to its Board of Directors, the Company has targeted several potential acquisitions as part of its growth strategy.

IndieMV CEO, Ricardo Khayatte Jr., made the announcement. Mr. Khayatte stated, "We welcome Mr. Palmer to the Board and are looking forward to both his contributions and drawing on his extensive experience with public companies as we target potential acquisitions and joint ventures as part of our growth strategy."

Mr. Palmer has over thirty years of wide experience in management, board governance and business strategy. Mr. Palmer holds a degree in Mechanical Engineering and graduated from Northwestern University with an MBA. For many years, he was a partner in Western Management Consultants, a leading Canadian consulting firm, and chaired that firm for 5 years. Since 2002, Mr. Palmer has served as a corporate director and senior advisor to a number of companies, engaged in manufacturing, distribution, engineering, environmental services and mineral exploration, with operations in Canada, the USA and internationally.

Mr. Palmer is a member of the Institute of Corporate Directors and holds the ICD.D designation. He is a member of the board of directors or advisory board of Layfield Group of Companies, ECS Electrical Cable Supply Ltd. and EBA Engineering Consultants. He is a senior advisor to several other companies and a former director of several companies and community organizations.

Mr. Palmer stated, "As an early investor in IndieMV, I am committed to seeing this company succeed. In particular, I look forward to sharing my experience with the Board in evaluating and advancing the growth strategy, through both organic and acquisition means. IndieMV's unique and widely acknowledged business model, together with its core management team give the company an exciting base on which to build shareholder value."

The Company recently announced the Board appointment of Sherwin Lim. Mr. Lim has a vast and extensive background in commercial and investment banking and maintains a proven history in the formation and development of successful global businesses and international interests. With Mr. Lim's strong relationships throughout the Philippines and Asia, the Company plans on using the Philippines as the entry point into the Asian marketplace, which would provide a stable and viable footing for expansion into the rest of Asia.

"Safe Harbor" Statement under Private Securities Litigation Reform Act of 1995

This press release contains certain forward-looking statements based on the Company's current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements include statements regarding the Company's expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words and include statements regarding the planned and/or anticipated benefits to users of the Company's products and the timing of distribution of such products. Forward-looking statements in this release are based on information available to the Company as of the date hereof. The Company's actual results may differ materially from those stated or implied in such forward-looking statements due to risks and uncertainties associated with the Company's business, which include the Company's ability to execute its business strategy and the other risk factors disclosed in filings with the Securities and Exchange Commission. The Company assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

SOURCE: IndieMV Media Group, Inc.

CONTACT: IndieMV
Ricardo Khayatte Jr., President, CEO
Investor Information: 778-317-1383

Posts: 94 | From: San Diego | Registered: Oct 2007  |  IP: Logged | Report this post to a Moderator
   

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