Global Media Networks, Inc. -- Wholly Owned Subsidiary -- TicketBreak Corp. Signs Exclusive Agreement to Provide Full-Service Ticketing & Marketing Solutions to the University of Toronto

Market Wire, October, 2008

Global Media Networks, Inc. (PINKSHEETS: GLME) today announced that its wholly owned subsidiary, TicketBreak, has signed an exclusive agreement with the University of Toronto (commencing with Faculty of Physical & Health Education) to become the exclusive ticketing supplier for all of their Toronto venues, including the newly built Varsity Centre.

The University facilities currently include Varsity Centre, which include the newly built Varsity Stadium and Varsity Arena, The Athletics Centre which houses multiple volleyball, basketball and multi-use facilities including the indoor competition pool & diving centre. TicketBreak will be deploying a full ticketing solution including online and order-by-phone sales (using Credit or Debit payments), on-site POS Box Office solutions for all venues and electronic scanning redemption capabilities for each of the existing venues. Plans are also in the works to build a new Athletic Centre in the next 3-5 years.

More Info: www.varsityblues.ca

Events/Tickets: http://www.ticketbreak.com/categories/sports/uoft

About University of Toronto: The University of Toronto is one of the world's great public research universities, committed to offering our students outstanding academic and non-academic opportunities. The breadth of courses and programs offered at U of T are second to none in Canada, and obtaining a degree from U of T is excellent preparation for future leadership roles.

About TicketBreak Corp: TicketBreak is an alliance of long-time marketing and leading-edge IT professionals that are creating the future of entertainment ticketing. The TicketBreak System was designed from the perspective of an Event Producer, Venue Owner, and/or Performer that ultimately makes your Event Business more money during these unpredictable recessionary times, unlike its competitors who are mainly IT companies looking to benefit on multi-layered transaction revenue or secondary market reselling. TicketBreak's mission statement is to provide both Ticket Buyers and Ticket Sellers a long overdue ticketing solution that essentially... GIVES EVERYONE A BREAK! Our Box Office Network provides event goers (ticket buyers) cost saving access convenience and event owners (ticket sellers) with dynamic tools they need to support success -- Event ticket sales and distribution through multiple channels... fraud-proof security features... promotional tracking... database cultivation... and the constant buzz of brand-building exposure on hundreds of websites, including your own, and event boards across the globe.

For more information we invite you to visit our website at http://www.TicketBreak.com .

About Global Media Networks, Inc.: Global Media Networks is in the media and entertainment business and has interests in several up and coming media properties.

For more information we invite you to visit our in progress new website at http://www.gm-ni.com .

Safe Harbor: Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.

TicketBreak is a publicly traded company under http://www.gm-ni.com . For more information go to http://www.pinksheets.com/pink/quote/quote.jsp?symbol=glme#getQuote .

Media Contacts: Global Media Networks, Inc. Email: IR@gm-ni.com Chatpoom Thanomlek President cthanomlek@yahoo.com For interviews or more information please contact: TicketBreak Corp. Nick Hall Telephone: (416) 640-0966 nick@ticketbreak.com