JAG Media Holdings, Inc. Announces Filing of Amendment to Articles of Incorporation; ''Custody Only'' Trading Removed

Business Wire, March 2, 2005

BOCA RATON, Fla. -- JAG Media Holdings, Inc. (OTC PINK SHEETS: JAGH) announced today that it filed with the State of Nevada at the close of business yesterday an amendment to its articles of incorporation providing for the removal of "custody only" trading, which amendment was approved by the stockholders at the annual meeting held on February 24, 2005.

With the filing of this amendment to the articles of incorporation, the Company's common stock is no longer subject to "custody only" trading, effective as of the close of business on March 1, 2005. Accordingly, stockholders may again hold their shares in "street name" with their broker if they so desire and brokers are free to open positions in the Company's common stock with The Depository Trust Company.

About JAG Media Holdings, Inc.

JAG Media Holdings, Inc. is a provider of Internet-based equities research and financial information that offers its subscribers a variety of stock market research, news, commentary and analysis, including "JAG Notes", the Company's flagship early morning consolidated research product. Through the Company's wholly-owned subsidiary TComm (UK) Limited, the Company also provides various video streaming software solutions for organizations and individuals. The Company's websites are located at www.jagnotes.com, www.tcomm.co.uk and www.tcomm.tv.

Safe Harbor Statement - Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995 and may contain forward-looking statements, with words such as "Anticipate, "believe," "expect," "future," "may," "will," "should," "plan," "projected," "intend," and similar expressions to identify forward-looking statements. These statements are based on the Company's beliefs and the assumptions it made using information currently available to it. Because these statements reflect the Company's current views concerning future events, these statements involve risks, uncertainties and assumptions. The actual results could differ materially from the results discussed in the forward-looking statements. In any event, undue reliance should not be placed on any forward-looking statements, which apply only as of the date of this press release. Accordingly, reference should be made to the Company's periodic filings with the Securities and Exchange Commission.