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Microcap & Penny Stocks : lzmcf-lasermedia

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To: francis terry who wrote (156)4/14/1999 2:02:00 PM
From: JCinTC  Read Replies (1) of 274
 
****NEWS****

NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS

FOR: LASERMEDIA COMMUNICATIONS CORP.

CANADIAN DEALING NETWORK SYMBOL: LMCD
OTC Bulletin Board SYMBOL: LZMCF

April 14, 1999

Actfit.com To Host Ms. Rio Competition May 1st

TORONTO, ONTARIO--Actfit.com, the interactive health and fitness website, will
host the first annual Ms. Rio Competition at the Rio Suite Hotel & Casino in Las
Vegas on Saturday, May 1, 1999, and will broadcast it online on Wednesday, May
12.

Richard Hue, CEO of LaserMedia Inc., announced today that LaserMedia and the Rio
Suite Hotel & Casino, a division of Harrah's Entertainment Inc., one of the
world's largest gaming companies, have agreed to co-operate in the production of
this exciting event.

The Ms. Rio Competition will bring together 100 of America's most accomplished
female fitness champions in a 3-day event with a top prize of $10,000. A select
group of the Rio Suite's clientele, as well as sports and entertainment
celebrities, will judge the competition, which has attracted major sponsors such
as Banana Boat and others yet to be announced.

In addition, actfit.com spokesperson Ms. Fitness America, Sherry Goggin, will be
Master of Ceremonies at the competition. Ms. Goggin is an accomplished fitness
writer, personal trainer and television personality, and is America's best-known
female fitness champion.

"We're pleased to have the internet's premier interactive health and fitness
site on board with us in this project," said Mr. Mark Gore, Vice President of
Corporate Player Development for the Rio Suite Hotel & Casino. "Their
technological expertise and knowledge of the fitness community will help us
bring Ms. Rio to an audience we would not have been able to reach."

"We will be bringing major sponsorships both to the competition itself and to
our broadcast of the event," commented Richard Hue. "We see this as an
opportunity to generate significant revenues. Our continuing commitment to
online events will open up tremendous opportunities for advertisers, and will
help us continue our phenomenal record of growth."

The actfit.com network, which made its internet debut only last January,
recorded over 1.1 million page impressions for the month of March, a remarkable
accomplishment in this short period of time.

The Ms. Rio broadcast will be the second in actfit.com's series of online
events. The first, a live workout session with Ms. Fitness America Sherry Goggin
and nutritional expert Frank Giardina, will be broadcast Tuesday, April 20, 1999
at 8PM Eastern Time.

Actfit.com is the Internet's only fully-interactive health and fitness website.
Log on to actfit.com for all your interactive health and fitness
needs!

Forward-looking statements and comments in this press release are made pursuant
to the safe-harbor provisions of Section 21E of the Securities Exchange Act of
1934. Such statements relating to, among other things, the prospects for the
company to increase the level of sales, complete future web sites or complete
future acquisitions are necessarily subject to risks and uncertainties, some of
which are significant in scope and nature, including, but not limited to, the
risks related to the demand for the company's products and/or services,
competition, and availability of capital. The information herein has not been
approved or disapproved by regulatory authorities.

- 30 -

FOR FURTHER INFORMATION PLEASE CONTACT :

LASERMEDIA COMMUNICATIONS CORP.
Jack Wall/Vince Balatbat
Investor Relations, RT Equity Inc.
(416) 967-4779/(888) 821-2800

INDUSTRY: ITC
SUBJECT: NWS
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