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To: Peter Bernhardt who wrote (19163)	9/30/1998 9:53:00 AM
From: llamaphlegm	Read Replies (1) \| Respond to of 164684

Wednesday September 30, 9:15 am Eastern Time Company Press Release SOURCE: Global Media Corp. Global Media in Finance Pact with FMC Capital Markets NANAIMO, British Columbia, Sept. 30 /PRNewswire/ -- Global Media Corp. (OTC Bulletin Board: GLMC - news), the British Columbia-based online entertainment sales company, has announced a strategic agreement with FMC Capital Markets to provide Global Media with capital resources and technology partnerships. FMC Capital Markets, based in Naples, Florida, is an investment banking and financial consulting firm headed by Chairman and CEO Dennis B. Schroeder and specializes in emerging growth industries. Mary Missal, Sr. Managing Director of FMC Capital Markets, said, ''Global Media's strong management and agreements with leaders in the Internet entertainment industry such as Muze Inc. and Baker & Taylor were decisive factors leading us to take this opportunity. Surveys point to explosive growth in this arena and we're confident that Global Media will become the premier provider for Internet entertainment consumers.'' Robert Fuller, CEO of Global Media, said, ''FMC Capital Markets' significant financial resources, experience in the capital markets and strong ties in the technology sector makes them an ideal partner for Global Media. This agreement marks a key step forward in our launch strategy.'' Through its subsidiary, Global Media Entertainment, the Company is currently developing an entertainment-oriented Web site to distribute music CDs and home videos both in hard copy format and via online download. The Company will also sell other entertainment-related products such as concert tickets, film and music merchandise and magazine subscriptions. Expanding on the sales models of such companies as Amazon.Com (Nasdaq: AMZN - news), N2K Inc. (Nasdaq: NTKI - news), and CDnow (Nasdaq: CDNW - news), Global Media will use innovative new revenue models such as licensing variations of its front end web site for use by third parties on a revenue sharing basis. By providing turnkey solutions to marketers, Global Media will increase its competitive position, multiplying the use of its back-end secure transaction processing and distribution systems to participate in expanded revenue streams. Employing cost effective marketing strategies, Global Media is well positioned to take advantage of the emerging online music sales industry already being targeted by K-Tel (Nasdaq: KTEL - news) using download and encryption technology such as that provided by Liquid Audio, liquidaudio.com. Global Media is also positioning itself for online video download sales using high speed Internet access technologies such as those being pioneered by At Home (Nasdaq: ATHM - news). According to analysts, revenues from online shopping will exceed $6 BILLION this year, with projected sales reaching between $37 and $41 billion in 2002. Market research firm Jupiter Communications cites the strategic value of online sales of commodity products such as CDs, Videos, PC Software, paper products and event tickets. In 1998, the music and video industries are worth in excess of $70 billion world wide and will generate more than $200 million in Internet sales revenues. Projections reach in excess of $3 billion in 2002. Global Media is a fully reporting issuer to the S.E.C. and is listed in Standard and Poor's Corporation Records. The Company began trading on August 24th, 1998, on the NASD OTC Bulletin Board under the symbol GLMC. Information about the Company can be found at the corporate web site at globalmediacorp.com. On behalf of the Board of Directors, Michael Metcalfe President SOURCE: Global Media Corp.