WRMA Wiremedia Inc (PK)

Wiremedia (Pink Sheets: WRMA) today announced the completion of a private placement offering that nets the company $500,000 in funding. Under the terms of the agreement, accredited investor shareholders and members of management agreed to purchase 294,118 shares of Wiremedia common stock at the January 3, 2006 closing price. "We expect to utilize this financing to continue improving the Company's balance sheet as well as to positively impact our operations, significantly increase our sales and marketing activities as well as attract potential acquisition candidates that will be accretive to income and assets. We are very excited about this financing and the support and confidence that investors have provided us with their participation," stated Mr. Fede, Chief Executive Officer. "In addition, we are also proud of the fact that this is a straightforward transaction that does not involve any exotic convertible options or commissions being paid to third party brokers." About Wiremedia's Bluetooth Proximity Advertising Delivery System: Wiremedia's Bluetooth Mediaserver is a small caching server that delivers customized, rich media content and applications directly to cell phones, within a range of 100+ meters of a specific location, at broadband speed. Bluetooth-enabled mobile phone users can receive coupons, video, audio, photos, text messages, etc. Wiremedia's target customers are businesses, retail store operators, shopping malls and outdoor venue operators seeking to provide location-based coupons, contextual advertising, and localized information to mobile phone users. "80 percent of all new mobile phones expected to come equipped with Bluetooth in 2006," says IDC. About Wiremedia Wiremedia (Pink Sheets: WRMA) is an emerging company focused on creating scalable mobile technologies and wireless data software applications. The company intends to leverage its immense expertise in mobile content marketing and distribution to deliver value-added mobile applications, services and content to the global market place. http://www.wiremedia.com. Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected or anticipated in this release.