MEIC Receives Initial Funding Commitment to Become Key Player of Satellite Radio Talk

MEIC Receives Initial Funding Commitment to Become Key Player of Satellite Radio Talk

LOS ANGELES, Feb. 7 /PRNewswire-FirstCall/ -- Media International Concepts, Inc. (OTC Pink Sheets: MEIC-NEWS) announced today that it has received an initial funding commitment to implement its previously announced plan to develop several pilot talk shows aimed at the Satellite Radio industry which includes companies such as Sirius and XM. The funding commitment of up to $1,000,000 is non-dilutive to current shareholders and is from BERING Venture, a private placement fund based in Europe.

With the realization that Satellite Radio operations appear to be emphasizing programs hosted by celebrities, such as Sirius' strategy of signing Howard Stern, Media International and the writer/producers who are its program co-producers are in development on several celebrity driven talk show pilots.

This is only the first step in the Media international plan to penetrate the potentially multi-billion dollar Satellite Radio industry by becoming a key program supplier. Similar to the marketplace strategy of its infomercial subsidiary, Opportunity Productions, in the direct response industry, the Company is hopeful that it will be able to capture a slice of that growth market, which will then bring significant revenue to its core business.

Website: http://www.mici.tv/

Safe Harbor:


This release may contain forward looking-statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject to include, but are not limited to, our success in selling our products and services, our success in raising the necessary funding required, competition and other material risks.

Contact:
Michael Marcovsky
310-216-7745



Source: Media International Concepts, Inc.

CONTACT: Michael Marcovsky of Media International Concepts, Inc.,
+1-310-216-7745

Web site: http://www.mici.tv/


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