MEDIA GLOBO Looks To The Future With MORGAN STANLEY

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MEDIA GLOBO Capital Assets Allocated for MORGAN STANLEY Business Services

The MEDIA GLOBO Corporation (OTC : MGLO) (MGLO: PK) announced today that it has authorized initial placement of up to $ 215 Million in corporate and affiliate(s) capital assets with MORGAN STANLEY (NYSE: MS) . The move demonstrates MEDIA GLOBO's long-term commitment to develop a working relationship with one of the United States' most respected investment banks. All final business arrangements are subject to Morgan Stanley BusinesScape account compliance.

"We are still only a development stage company, and have much growing to do," said MEDIA GLOBO Chairman Michael D. Grandon, "but we are looking ahead with promise to Morgan Stanley, as the best of the best for facing the future in American investment banking needs."

About MORGAN STANLEY

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 600 offices in 33 countries. Morgan Stanley reported first-quarter 2008 earnings above Wall Street projections, based on strong stock and bond trading, and currently reports over $ 749 Billion in assets under management. The firm remains fiscally strong among the five reigning Wall Street investment banks: Bear Stearns, Merrill Lynch, Morgan Stanley, Lehman Brothers and Goldman Sachs. For more about Morgan Stanley, please visit: http://www.morganstanley.com ; or visit a local Morgan Stanley branch office.

About MEDIA GLOBO

The MEDIA GLOBO Corporation is a development stage 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, MGLO is currently in development for the production of a virtual public school system, virtual health care network, and an independently syndicated public service Internet television network. More about MGLO may be found at: http://www.mediaglobocorp.com .

Additional announcements are expected as MEDIA GLOBO increases its public disclosure and awareness through the facilities of various trading markets and regulatory authorities. For further information, please contact MEDIA GLOBO's Investor Relations at: 866-462-9377.

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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