IO World Media Announces First Quarter Results

"We are pleased with our results from operation in the first quarter due to the fact that we have seen a significant increase in revenue from both subscription and advertising sales," said Thomas Bean, CEO of IO World Media. "Further, we have worked diligently to control cost while continuing to improve not only the products that we deliver but our delivery platform as well."

It is important to note that the revenue results reported in the first quarter do not reflect revenue that was received during the very successful launch of RadioioLive and the Early Enlistment Program for the Bubba Army. This program was still in the promotional phase during the quarter and the revenue will be recognized over the three-year life of the Early Enlistment subscriptions in accordance with GAAP.

Certain statements in this release could constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Except as otherwise stated in this news announcement, IO World Media, Inc. does not undertake any obligation to publicly update or revise any forward-looking statements because of new information or future events.