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IMAGE Worldwide, Inc. (IMGW) Confirms Auditor for St. Louis Packaging and STL Graphics

Audit for New Acquisitions Remain Scheduled to Be Completed by Mid-March

Thursday February 26, 2009, 10:00 am EST

CHICAGO, IL--(MARKET WIRE)--Feb 26, 2009 -- IMAGE Worldwide, Inc. (Other OTC:IMGW.PK - News) recently completed the acquisition of St. Louis Packaging, Inc. and STL Graphics Group on February 1, 2009. An audit is currently being prepared to confirm 2008 revenues and profits for these acquisitions and is expected to be completed by Mid-March. Veraja-Snelling and Company, headquartered in Illinois with over 20 years of audit experience, have been hired to complete this one year GAAP audit.

This recent acquisition and subsequent transactions have created numerous positive changes for IMAGE Worldwide; however, many shareholders remain confused about what actually took place. This press release is an attempt to clear up any confusion.

Prior to February 1, 2009, IMAGE Worldwide, Inc. had 3 divisions: IMAGE Chicago Magazine, All Pro Networks, and Club Oasis -- with combined revenues of approximately $2,000,000 and estimated losses of $250,000 for 2008. After the Feb. 1 transaction, IMAGE Worldwide, Inc. now has 4 divisions: IMAGE Chicago Magazine, All Pro Networks, St. Louis Packaging, and STL Graphics -- with projections of over $6,000,000 in revenues and $300,000 in net profits for the 2009 fiscal year. As part of this deal, Steven St. Louis was elected the new CEO, with Paul Sorkin staying on as a consultant and publisher of the Image Chicago Magazine. IMAGE Worldwide, Inc. will keep both their office in downtown Chicago and the current STL office in Schaumburg, Illinois.

As of February 25, 2009, IMAGE Worldwide (Other OTC:IMGW.PK - News) has a total of 1,840,528,930 outstanding shares according to First American Stock Transfer's recent report. This increase in shares is primarily due to friendly investors from over a year ago converting their convertible notes into free trading shares.

New CEO of IMAGE Worldwide, Inc., Steven St. Louis, said, "The management and investors have spent a substantial amount of time and money helping to put together a very solid company that can sustain and grow. We have increased our revenues, become profitable and have a tremendous amount of positive opportunities ahead of us. We all have the same long-term goals and we appreciate the support and understanding we have received during this transition."

About St. Louis Packaging

St. Louis Packaging has been a broker for packaging supplies for over 12 years and currently offers over 10,000 quality products from well known and trusted brands like 3M, Sealed Air, Intertape, Rubbermaid, Ivex and many more. St. Louis Packaging also offers inventory management services, along with all custom cartons, bags and displays. www.StlouisPackaging.com

About STL Graphics Group

STL Graphics group is a print and mailing broker that offers design support, web, sheet-fed, and digital printing and mailing services. www.STLgraphicsgroup.com

About IMAGE Chicago Magazine

IMAGE Chicago Magazine is an entertainment and lifestyle magazine that focuses on everything in fashion and entertainment for the Windy City. IMAGE provides its readers with the latest on what's hot today and what will be tomorrow. IMAGE features the best in celebrity interviews, editorial content on fitness, fashion, beauty, music, relationships and more, along with some incredible fashion spreads and photo galleries. By using both print and online media IMAGE has created an interactive relationship with its readers and continues to inform and entertain. www.IMAGEchicago.com.

About All Pro Networks

All Pro Networks is a comprehensive IT SOLUTIONS company specializing in PC sales and repair, networking, SEO, and cost-saving custom technology solutions for your home or small business. Their commitment to competitive pricing, personal service and quality products has firmly established All Pro Networks as a premier IT solutions provider servicing clients in the entire Chicago region. http://www.AllPronetworks.com/

About IMAGE Worldwide, Inc.

IMAGE Worldwide, Inc. (Other OTC:IMGW.PK - News) is a full service interactive multimedia marketing, printing, packaging, mailing, and advertising agency. IMAGE is vertically integrated with properties including a fashion/entertainment magazine, IT solutions company, promotional and marketing companies, a Packaging company, and a Print and Mailing company. IMAGE utilizes a combination of different forms of media and promotions to help clients showcase and market their IMAGE in print, online, and at events. www.IMAGEworldwide.com.

http://finance.yahoo.com/news/IMAGE-Worldwide-Inc-IMGW-iw-14478012.html