New York, NY – January 10, 2007 - Games Media Properties today announced the appointment of James Green to the position of chief executive officer and the addition of R. Michael Leo as a board member. This follows on the heels of an announcement last month that Games Media completed a $4.8 million investment round from Edison Venture Fund.

Green will focus on Games Media Properties’ 2007 digital media agenda including growth of the World Series of Video Games, the premier video game competition circuit that combines live events, online competitions and television programs and delivers a highly sought-after audience to some of the largest advertisers in the world. Leo will provide guidance and expertise to the company board, infusing his entrepreneurial drive and vision to spearhead corporate growth for Games Media.

“Games-based media and video game tournaments continue to grow at a rapid pace and the addition of James and Mike will position our company for continued success this year and beyond,” said Matthew Ringel, founder and president of Games Media Properties. “2006 saw an industry first as our video game competitions were broadcast on network television for the first time. Along with the increasing output of our digital media content and our corporate sponsorship program, 2007 should be an exciting year.”

Green has more than 20 years of experience in the marketing and distribution of television and film with major brands including the Walt Disney Company (DIS), Pixar and Cablevision (CVC). In addition to these brands, Mr. Green has significant internet experience. He was a founding partner of internet ad serving company Sabela Media, which he sold to 24/7 Real Media (TFSM). Green then served as CEO for GiantBear, a wireless digital media company which was sold to InfoSpace (INFS) in 2002. Next Green joined virtual advertising company PVI, which he took private in 2003, and then sold to Cablevision in May 2005. Mr. Green remained with Cablevision through 2006, until joining Games Media Properties.

“Games Media Properties is executing on an exciting plan, and I’m delighted to join Matt and the rest of the team to build video games as the next great mainstream sports platform,” Green said. “I’m looking forward to contributing to the growth of the company and elevating the World Series of Video Games to new heights in 2007.”

Board member Michael Leo is currently chief executive officer and president of Operative, a firm focused on developing products and services that streamline online advertising operations. Prior to joining Operative in 2003, Leo co-founded Avenue A, now Aquantive Inc (AQNT), a digital marketing organization that became one of the industry's biggest success stories.

As part of the new funding, company officials also announced that Joe Allegra, general partner of Edison Ventures, will serve on the company’s Board of Directors as will Paul Bricault, senior vice president of The William Morris Agency, a founding investor of Games Media Properties.

“With Matt’s extensive experience in gaming and advertising, we’re confident in his company’s ability to deliver the key 18-35 year old demographic that major brands so avidly seek,” Allegra said. “We’re very excited about the company’s prospects for the future and are eager to work with the company as it continues to build its global identity with international video game competitors and major advertisers and sponsors.”

“We look forward to working with Edison to realize the tremendous potential of Games Media,” Bricault said.
About Games Media Properties Games Media Properties is a worldwide leader in the organization of video game competitions, tournaments and festivals. The company operates the world’s premier live video game competition circuit, the World Series of Video Games (WSVG) which recently completed its first season. In 2006, the World Series of Video Games attracted over 90,000 attendees, produced 250 hours of broadband video, and 20 hours of programming on CBS, MTV, CSTV and GamePlay HD.

About Edison Venture Fund Established in 1986, Edison partners with entrepreneurs, service providers and other financing sources to build successful companies. Edison provides capital and value-added services to expansion stage ($5 to 20 million revenue), information technology businesses. Initial investments range from $4 to 7 million. Edison typically serves as a sole or lead investor in financings up to $10 million. In addition to providing expansion capital, Edison funds management buyouts, recapitalizations, spinouts and secondary stock purchases.

Edison’s 15 investment professionals are based in Lawrenceville, NJ, West Chester, PA, and McLean, VA. Industry specialties include application software, communications, education, financial services, healthcare & pharmaceutical IT and electronics. Edison’s successes include Axent, Best Software, Dendrite, E-Transport, Gain Capital, Mathsoft, Princeton Financial, Visual Networks, Virtual Edge, Vocus and many other information technology leaders, which have a combined market value exceeding $5 billion. Edison currently has $480 million under management and is actively making new investments. www.edisonventure.com