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Thursday, 11/20/2008 12:13:27 AM

Thursday, November 20, 2008 12:13:27 AM

Post# of 20677
Investor Update
http://www.thecomediacorp.com/press.cfm

This year has been an extremely difficult one for the company. Early in the year the company was dealing with the dramatic changes in the audio book & music business as a result of the quantum shift from retail sales to internet downloading of these products. Despite that, up until recently the company still felt that by changing the focus and thereby the direction of the company we could still “weather the storm” and move forward at a reasonable pace.

We have experienced a dramatic increase in requests for information. I attribute that to the financial crisis our economy is presently experiencing and the personal impact it is having on all of us. But over the last 60 to 90 days, it has become progressively difficult to maintain a reasonable level of operations and the condition of the company has measurably deteriorated. It has become all but impossible for us to finalize the funding transactions that had been under discussion prior to the late August and September financial “melt down”. We were unable to close any of these pending transactions which would have provided the company with the necessary funding needed to continue our key projects.

In partial response I have dramatically cut back on all areas of overhead and have not renewed our lease on the Westwood office. At this time I feel our best option is to put the entire company in a “holding pattern” until the financial climate changes and the opportunity to obtain funding on a reasonable basis becomes a reality. I still believe that with the proper funding the company’s key projects can still be successful.

As Chairman, over the past year I have continued to seek the required capital and resources needed by the company and I will continue to pursue every possible avenue of potential funding during this critical stage for our company. We will continue to evaluate all available options in the interest of developing value for the shares of our company and are seeking advice from our accounting, legal and investment banking advisors.

I will endeavor to keep you all up to date on developments as they occur. Let’s hope and pray that this severe economic crisis rapidly improves.

Robert Bell, Chairman

Safe Harbor Statement - The statements which are not historical facts contained in this release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties. No financial information is currently available and there have been no filings with the Securities and Exchange Commission.

[chart]WWW.thebobfiles.files.wordpress.com/2007/04/cashcow.jpg

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