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Innuity Announces Media Joint Venture

Innuity Media Services and First Internet Asia

San Clemente, California: Innuity Media Services announced today that it has formalized an agreement with Flextech Holdings Ltd., of Singapore, to merge with its media asset, First Internet Asia, to form an international broadcast-focused media convergence company, First MediaWorks.

"The merging of Innuity Media Services with First Internet Asia creates a diverse, broadcast-focused entity that is poised to capitalize internationally on the explosion of convergence technology, services, training and consulting," commented Chad Meisinger, CEO. "Our products, our people, our commitment to innovation and our mission to help radio evolve remains constant. We now have the opportunity to take our passion for the Internet and our passion for radio to a truly global customer base." Mr. Meisinger, his co-founder, Larry A. Austin, EVP Sales & Marketing and Norman Feuer, COO, will continue at the helm. Additionally, all other Innuity Media Services employees will continue in their respective roles. This includes Bill Thompson, CFO; Marijane Milton, VP Training; Alan Fendrich, VP TeleSales Services; Donna Velasco, VP Client Fulfillment and Michael Gibbs, VP Technology. Fabian Benjamin of First Internet Asia will continue in his role as President of Asian Operations.

The resulting entity, First MediaWorks , marries the dominant position Innuity Media Services holds as the leading provider of integrated Internet marketing products and services in the United States, with the powerful position First Internet Asia holds as the leader in the radio and Internet space in Asia. Combined, the two companies create an entity that will immediately benefit from a substantial presence in the United States, Singapore, Malaysia, the United Kingdom, Africa and Canada. New emerging strategic partnerships will additionally present First MediaWorks with significant opportunities in China, India, Australia and Mexico.

"Our proven, proprietary web platform has been endorsed by hundreds of radio stations in the United States, Western Europe, Canada, Mexico and Africa," Meisinger commented. "By combining the power of Innuity Media Services with the power of First Internet Asia, we are now even better positioned to help radio stations maximize the opportunity the Internet presents as a ratings and revenue enhancing medium." Dr. P.S. Tang, Flextech CEO, explained, "The combined entity will enjoy greater success in transforming the global radio industry into a more effective, interactive broadcast medium." John Dennis, Innuity, Inc., CEO, remarked, "Innuity will continue to work closely with the new venture to maximize business opportunities both in the U.S. and abroad." About Flextech Holdings, Ltd: Rated as a “Forbes 300 Best Small Company "in the year 2000, Flextech today comprises over 60 subsidiaries employing over 2,000 people in 14 countries".

About Innuity, Inc.:
Innuity offers a proprietary suite of web design, promotion and e-commerce services that help traditional businesses maximize revenues. Innuity has over 100,000 customers and has processed more than 20 million secure e-commerce transactions.

About First MediaWorks :
First MediaWorks is the broadcast industry’s dominant provider of integrated Internet marketing products, training and consulting and currently services more than 1500 stations on four continents.