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Mega Media Group, Inc.: Mega Media Group, Inc. Signs Letter of Intent to Lease Frequencies Covering Los Angeles and Chicago

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^{Published in Business and Finance on Monday, March 9th 2009 at 8:06 GMT, Last Modified on 2009-03-09 08:07:18 by Market Wire}  

NEW YORK, NY--(Marketwire - March 9, 2009) - Mega Media Group, Inc. (OTCBB: [ MMDA ]) ([ www.megamediagroup.com ]) announced that it has signed letters of Intent to lease frequencies from Venture Technologies Group, LLC., serving the Los Angeles and Chicago markets. Formal air lease agreements have to be agreed to and executed by both parties by March 31, 2009 with programming to commence on June 1, 2009.

Commenting on the announcement, Alex Shvarts, CEO of Mega Media Group, stated, "Los Angeles and Chicago would be ideal for the expansion of Pulse 87 and make us a national radio brand covering the 3 top billing markets which generate in excess of $1.8 billion dollars of advertising revenue a year."

About Mega Media Group

Mega Media Group, Inc. is a multimedia entertainment holding company with several subsidiaries that offer a broad range of services.

The divisions include recording, music production and distribution, video production, radio broadcasting, and Pulse87 a Rhythmic Top 40 Radio station serving the New York Tri State Area.

Safe Harbor Statement: This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about Mega Media Group's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those contained in any forward-looking statements. All information provided in this press release is as of March 9, 2009, and Mega Media Group undertakes no duty to update such information, except as required under applicable law.