THE TUBE Media Corp. Announces Definitive Securities Purchase Funding Agreement

THE TUBE Media Corp. Announces Definitive Securities Purchase Funding Agreement

FORT LAUDERDALE, Fla., April 18 /PRNewswire-FirstCall/ -- THE TUBE Media Corp. (the "Company") (BULLETIN BOARD: TUBM) , a media holding company whose core operating business is wholly-owned subsidiary THE TUBE Music Network ("THE TUBE"), announced today that it has entered into a definitive securities purchase agreement with institutional investors raising $1,950,000 in gross proceeds through the sale of a convertible debenture, that converts to equity at a fixed price of $2.25 per share with no dilutive provisions unless there is a financing done at a lower price. The Company anticipates the closing of this financing to occur during the next several days for a total of $2,450,000.

THE TUBE Music Network playlist reflects the music of some of today's biggest touring acts including The Rolling Stones, U2, The Dave Matthews Band, Paul McCartney, The Eagles, Elton John, Prince and Rod Stewart mixed with newer artists such as Norah Jones, Coldplay, Jack Johnson, James Blunt, Alicia Keys and John Mayer. There are no reality shows, award shows or game shows. THE TUBE, a pure music network, is currently available in 2.9 million U.S. homes through Raycom Media's network of digital television stations. The new distribution agreements announced in the past two weeks will launch THE TUBE into more than 50 new markets in the coming months, including the major metropolitan markets of New York, Los Angeles, Chicago, Philadelphia, Boston, Dallas, Houston, Atlanta and Miami.

Forward-Looking Statements

This press release may include a number of "forward-looking statements" as that term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended. These statements reflect management's current views with respect to future events and financial performance and include statements regarding management's intent, belief or current expectations, which are based upon assumptions about future conditions that may prove to be inaccurate. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, involve risk and uncertainties, and that as a result, actual results may differ materially from those contemplated by such forward-looking statements. Such risks include, among other things, the volatile and competitive markets in which we operate, our limited operating history, our limited financial resources, our ability to manage our growth and the lack of an established trading market for our securities. When considering forward-looking statements, readers are urged to carefully consider the various disclosures, including risk factors and their cautionary statements, made by us in our reports filed with the Securities and Exchange Commission.

Source: THE TUBE Media Corp.

CONTACT: Dennis S. Dobson for THE TUBE Media Corp., +1-203-255-7902

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