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Technology Stocks : Phoenix Media Group (PXMG)

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To: Fred Cooper who wrote (13)	6/15/1998 2:57:00 PM
From: Fred Cooper	of 14

Next Radio Station PHOENIX MEDIA GROUP , LTD. OPTIONS TO BUY FM RADIO STATION. BURBANK, CALIFORNIA - Phoenix Media Group, Ltd. has obtained an option to buy FM 105.1 Seward, Alaska from Glacier Communications, Inc. for an undisclosed price. Currently the station is under construction pursuant to a Construction Permit issued by the FCC. Both parties expect the station to be on the air by August. With this acquisition we will maintain our 100% market share in this booming resort city. We will also have the powerful advantage of being able to compete with ourselves. said Ronald R. Irwin, CEO. Phoenix Media Group, Ltd. continues to aggressively seek further radio station acquisitions and expects to have no problem meeting or exceeding its goal of not less than 3 stations owned and operating in 1998. Phoenix Media Group, Ltd. (PXMG - OTC Bulletin Board) is an international media, advertising and consulting firm with offices in Burbank, California. FOR FURTHER INFORMATION PLEASE CALL (818) 563-3900.

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