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Tuesday, 01/29/2008 10:33:58 AM

Tuesday, January 29, 2008 10:33:58 AM

Post# of 154
FORM 8-K ITEM 8.01 OTHER EVENTS

On January 14, 2008, the registrant appointed Joseph W. Abrams as a member of and chairman of its newly created IndieMV Media Group Advisory Board. Mr. Abrams will serve for an indefinite term and is entitled to compensation at the one year anniversary of his appointment in the form of options to purchase common stock of the registrant, with the number of such options and terms thereof at the discretion of the board of directors of the registrant.

Mr. Abrams is an entrepreneur and mergers and acquisitions specialist who focuses on working with small technology companies to build shareholder value in the public markets. He has led or advised in merger and acquisition transactions in excess of $1 billion and small cap market equity raises in excess of $200 million. Mr. Abrams has a BA in economics from SUNY Buffalo and an MBA from the University of Rochester.


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