Impart Media Group Inc fkaa IMMG

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Corporate Developments

Limelight Media Group acquired IMPART, Inc. (http://www.impartinc.com.) of Seattle, Washington, giving LMMG a historical revenue of approximately $6M with projected revenue in the $8M-$10M range by end of 2005. Acquistion closed on June30, 2005--guaranteeing LMMG wil be able to announce its best Quarter financials for the upcoming Third Quarter. IMPART, Inc. founded in 1983, is headquartered in Seattle, Wash. and has gained a reputation as a leader and innovator in the emerging dynamic media industry. As an award-winning, full-service provider, IMPART delivers turnkey solutions for dynamic merchandising, digital signage and networked advertising and communications.

Limelight Media Group recently entered an agreement to acquire the assets of InTransit Media which provides digital signage for PATH (Port Authority Trans-Hudson). The asset purchase includes the exclusive right for InTransit to provide digital signage management and marketing services for PATHVision. Limelight will continue to operate and market the PATHVision system under the InTransit name. Potential for LMMG to possibly expand its business with PATH at JFK, LaGuardia and Newark airports. http://www.panynj.gov/aviation.html

PATHVision is a digital signage system that provides information to over 6 million commuters annually traveling between New York City and New Jersey via the PATH subway. Over 70% of the employees in the financial district of New York travel via the PATH daily. The system encompasses 277 digital displays on platforms in 13 rail stations. In the fall of 2003 PATH reopened its World Trade Center station and is currently building a new state-of-the-art facility at the WTC site. The PATHVision provides up-to-date news, rail schedules, weather, and related marketing messages. More information regarding PATHVision and InTransit may be found at http://www.intransitmedia.com.

LMMG's Subsidiary, OTR Media, recently increased its 2005 Revenue Projections by 150% to 250 Trucks By Year-End 2005 with each truck representing potential recurring revenue of $400 to $650, depending upon the size of the contracted truck fleet.

Company agreement pending to install digital signage in 20 Shop N' Save Warehouse Foods in St. Louis, Mo., a subsidiary of Super Valu, (NYSE:SVU), with a possibility of an eventual expansion to 35 additional locations in the St. Louis metopolitan area. Closing is expected soon, with significant revenue and postive cash flow to be added to the Income Statement. Super Valu operates more than 2000 store locations nationwide.

LMMG received a commitment for equipment financing for an initial amount of $3 million. The financing allows for purchase of equipment to be installed in anticipated client locations currently in final negotiations and offers expanded financing as cash flow permits under very favorable terms due to the cash flow projections associated with the equipment to be purchasedand does not involve equity financing.

LMMG announced a Letter of Intent (LOI) to acquire NIT AS of Norway to expand operations and market presence internationally. LMMG and Norske Informasjonsterminaler AS (``NIT') signed a nonbinding LOI agreeing that Limelight will acquire NIT, an information technology company that develops, manufactures and distributes information technology involving digital media and interactive systems in multiple locations worldwide. NIT's technology provides Internet and VoIP (Voice over Internet protocol) services in more than 450 locations throughout Europe. NIT primarily owns the equipment it distributes and generates recurring revenue from the Internet and VoIP access, advertising and sponsorships. The digital screens additionally serve to provide community service and emergency announcements. Currently, locations with installations include four airports in Northern Europe and initial installations in other mass transit, retail and fast food locations. NIT, with offices in Norway, Sweden, Denmark and Germany, recently opened a North American office in Phoenix. NIT has agency representation in seven other countries.

LMMG Business Description Limelight Media Group, Inc., soon to be headquartered in Seattle, Washington with its recent acquisition of Impart, Inc., creates, manages, and supports out-of-home digital advertising and promotional networks. The company's digital media management system enables simultaneous delivery of video content to a variety of remote audiences in real time, allowing for immediate customization of messages through a centralized network operations center. The company recently began expanding its efforts to include the grocery, retail, restaurant, and hospitality industries.