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XRMD .33
XRAYMEDIA Receives Top 25 U.S. Cable TV Markets; In Excess of $100 Million
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NEW YORK & VANCOUVER, British Columbia--(BUSINESS WIRE)--June 30, 2003--XRAYMEDIA.COM Inc., (OTCBB:XRMD), the leading real-time negotiating technology provider to the media industry, is very pleased to announce that the Company is processing one of the largest and most comprehensive TV media inventory packages it has received to date, with the initial projected values in excess of $100 million.

The pact consists of the 25 largest cable TV markets in the U.S., along with numerous other mid-market locations. The Company and its joint venture partner's have already received indications from clients looking for placements in certain parts of this package, these immediate placements are in excess of $10 million.

Commenting on this new development, Raymond Dabney, XRAYMEDIA President & CEO, states, "This opportunity is extremely significant because it provides the Company with a major foothold in the top cable TV markets in the U.S. The total value of this package is enormous and with the negotiated wholesale rates our pricing power gives us a significant advantage with this type of prime media inventory. Because of the size and demographics of this cable TV package, our joint venture partners have already indicated an overwhelming initial response from their clients as a direct result the Company expects to close several more large orders in the near term. As we begin to close transactions from this new venture, the Company expects to significantly increase its backlog of media orders giving us a momentous opportunity to surpass the initial $10 million sales projections that was previously forecasted. I look forward to providing you more details on this and other future contracts that the Company is currently negotiating. Once we begin to finalize new orders for this new television inventory, the Company will be able to address more specific information regarding the overall size of the inventory and the positive impact for our third quarter revenues and earnings."