MEDIA GLOBO Trading Under New Stock Symbol: MGLO

MEDIA GLOBO Sets Strategic Direction for Internet Productions

Los Angeles, CA (PRWEB) February 4, 2008 -- The MEDIA GLOBO Corporation ( OTC : MGLO ) ( MGLO:PK ) announced today that, effective with the opening of business on Wednesday, January 30, 2008, NASDAQ approved public trading of the Company's common stock on the OTC and Pink Sheets securities markets under the symbol: MGLO.

The announcement signals the completion, during 2007, of the realignment of MEDIA GLOBO strategic business units and control shareholder affiliates. The Company has re-prioritized the planning of its investment in new web productions, brands, and network deployments for 2008; targeting development of on-line education, healthcare and criminal justice social applications. Additional announcements are expected as MEDIA GLOBO increases its public disclosure and awareness through the facilities of various trading markets and regulatory authorities.

About MEDIA GLOBO

The MEDIA GLOBO Corporation 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 and network applications. As an Internet media conglomerate and part private equity firm, MGLO is currently in development for the production of an independent syndicated Internet television network. MEDIA GLOBO network affiliates, media franchises and sponsors are selected for their focus 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-quality, high-visibility and high-impact content for personal empowerment. More about MGLO may be found at: www.mediaglobo.com or www.mediaglobocorp.com .

The announcement also follows a 1:1000 reverse split of MEDIA GLOBO publicly-traded common shares as a precursor to a dividend distribution expected later in the 2008 fiscal year. All shareholders should register at the Company's website. For more, please contact MEDIA GLOBO Investor Relations at: 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 2008
The MEDIA GLOBO Corporation
All Rights Reserved

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