MEDIA GLOBO Moves Ahead with Expedite Ventures

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MDGB enters into agreement with OTC specialist investor relations firm.

Los Angeles, CA The MEDIA GLOBO Corporation (OTC : MDGB) (MDGB:PK) announced today that it has entered into a consulting agreement with Expedite Ventures, Inc., of Rochester, New York ; a media-based financial services firm, which specializes particularly in the investor relations needs and requirements of OTCBB and OTC PINK SHEET publicly-traded companies.

Under the arrangement Expedite will provide management consulting services, business advisory services, shareholder information services and public relations services. Expedite will act completely at arm's length from MEDIA GLOBO; and the agreement is warrantied as fully compliant with all regulatory rules and provisions governing such third-party service providers. MEDIA GLOBO will compensate Expedite on an initial pilot project basis by the grant of 60,000 common stock options; exercisable at $1.25 per share; in consideration for the provision by Expedite of $75,000 in various services during the initial term of the contract.

About Expedite Ventures
Expedite Ventures, Inc. is a full service Investor Relations firm. Providing a vast array of services to high potential publicly traded companies. Our list is continually growing and evolving, parallel to the evolution of the OTC market. Expedite Ventures offers a staff experienced in bringing maximum value to their clients. Through extensive experience, we can identify what our client's most pressing needs are. We offer every concievable Investor Relations tool, through either ourselves or close partners. Websites, Market Awareness Groups, Phone Services, Mail Campaigns, Fax Campaigns, Press Awareness etc. More information on Expedite Ventures can be obtained at its corporate website: http://www.expediteventures.com ; or at several other proprietary and affiliated websites: otc-advisors.com; wallstreetgrapevine.com; aheadofthebulls.com and pamplonapicks.com.

About MEDIA GLOBO
MEDIA GLOBO is a publicly-held Internet media asset management and holding company; specializing in the finance, development and global deployment of innovative socially responsible web content. As an Internet media conglomerate and part private equity firm, MDGB is currently in development for the production of an independent syndicated Internet television network. Its network affiliates, media franchisees and sponsors are focused on portal-to-portal and people-to-people vertical and horizontal markets, unique website creation, affinity-driven networks, iTV television-style programming, and production of high-visibility high-impact content for personal empowerment.

More about MEDIA GLOBO may be found at: http://www.mediaglobocorp.com. Additional announcements are expected as MDGB increases its public disclosure and awareness through the facilities of PINK SHEETS at: http://www.pinksheets.com ; and makes additional OTC filings at: http://www.otciq.com.

For further information please contact: Mr. Sean Dougherty, Expedite Ventures, Inc., 274 North Goodman St., Suite B264, Rochester, NY 14607; by Phone at 585-454-6950, ext. 114, or by e-mail at: sean @ expediteventures.com. The Company may itself also be reached at Investor Relations, 866-462-9377 , or by e-mail at: info @ mediaglobocorp.com.

Safe Harbor Statement

Included in this press announcement and referenced hereunder are The MEDIA GLOBO Corporation forward-looking statements and projections within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to be correct nor relied upon for investment purposes.

Copyright 2007
The MEDIA GLOBO Corporation
All Rights Reserved

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Investor Relations

Sean Dougherty
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