Air Media Now!, Inc. Appoints vFinance Investments Inc. As Financial Advisor

Business Wire, April 18, 2002

Business Editors/Technology Writers

CELEBRATION, Fla.--(BUSINESS WIRE)--April 18, 2002

Air Media Now!, Inc. (OTC:AMNW) today announced the appointment of vFinance Investments (OTCBB:VFIN), a rapidly growing financial services firm, as corporate finance advisor to the company.

Air Media Now!'s president, Joseph Sineno Jr., commented, "We are extremely pleased to be working with vFinance. Their global footprint and niche capital markets presence will help in executing our growth strategy. We believe this group's experience will leverage our ability to attract the right partners, customers and investors."

About Air Media Now!

Air Media Now! is a Wireless Broadband Web Services Company that provides a complete line of wireless devices, content and software that use automatic switching technology (ASNAP(TM)) to seamlessly handoff between existing cellular networks and emerging Wireless Local Area Networks (WI-FI(TM)) around the world. Its real Time Wireless Collaborative Area Network (WCAN(TM)) Computing Solutions synchronize existing legacy and emerging Internet based applications to the wireless device in order to provide security, increase efficiencies, and reduce costs.

As a distributor and global leader of broadband wireless web services technology, its exclusive license to resell Calypso Wireless ASNAP(TM) technology solves problems inherent to seamless hand offs between cellular and wireless networks. Its security and synchronization technology will enable users to extend their business enterprise and/or home environment to mobile devices. The Company believes that its end to end solution enables the acceleration of the deployment of high bandwidth mobile handsets, PDAs. Portable Personal Computers, notebooks and new emerging wireless form factors. More about the company can be found at http://www.airmedianow.com.

About vFinance Investments

vFinance Investments, a subsidiary of vFinance, Inc., is a premier, full-service investment-banking firm with a global reach, dedicated to providing the highest quality financial products and services to companies of all sizes in emerging, domestic and international markets. With offices in New York, San Jose, Chicago and 21 other cities nationwide, vFinance provides a wide range of funding strategies and offers a vast array of advisory services, including M&A and Research. The Company is registered as a broker-dealer with the SEC and is a member of the NASD. For more information, please visit the Company's Web site at http://www.vfinance.com.

This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of risks and uncertainties impacting the Company's business including increased competition; the ability of the Company to expand its operations through either acquisitions or internal growth, to attract and retain qualified professionals, and to expand commercial relationships; technological obsolescence; general economic conditions; and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission (SEC).