M3X Media Responds to Previous Press Release Regarding Funding with an Update and Clarification

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In February of 2009, a press release appeared stating that Agile Opportunity fund had raised $10.5-million on behalf of M3X Media, Inc. to launch the Company's new technology platform. This information, as reported, is incorrect.

In February of 2009, a press release appeared stating that Agile Opportunity fund had raised $10.5-million on behalf of M3X Media, Inc. to launch the Company's new technology platform. This information, as reported, is incorrect. Cresta Capital Strategies, LLC brought Agile to the attention of M3X and, after protracted conversations, supplied the Company with $850,000 in early round funding. Subsequently, Cresta Captial introduced Magna/Magna Entertainment Corporation (MEC) to M3X, and negotiations began to supply M3X with an additional $10-million in follow-up funding. This process was well underway when, unexpectedly, MEC filed for bankruptcy in March of 2009. As a result, all talks between M3X and MEC were suspended and subsequently abandoned.

In anticipation of receiving funding from MEC, M3X was quoted as being pleased with these latest, upcoming developments. However, the Company did not authorize release of the press information that appeared in February, 2009. Because the information contained in the press release is inaccurate, M3X has been working diligently to have it removed from any and all web search engines and archives. We regret any confusion this press release may have caused.

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