ADDvantage Media Announces Agreement to Acquire TULSAT.

TULSA, Okla.--(BUSINESS WIRE)--September 16, 1999--

ADDvantage Media Group, Inc. and Kenneth A. Chymiak and David E. Chymiak, the owners of DRK Enterprises, Inc. d/b/a TULSAT, jointly announced today that they have entered into an agreement whereby ADDvantage Media will acquire from the Chymiaks all of the outstanding stock of TULSAT. In return, the Chymiaks will receive 8,000,000 shares of ADDvantage Media common stock (Nasdaq SmallCap: ADDM) plus 500,000 shares of two newly issued series of ADDvantage Media preferred stock having an aggregate stated value of $20 million. Closing of the transaction is expected to occur on September 30, 1999 and is subject to the normal conditions to transactions of this nature except that ADDvantage Media shareholder approval is not required. As a result of the transaction, TULSAT will become a wholly owned subsidiary of ADDvantage Media and Ken Chymiak and Dave Chymiak will own approximately 83% of the issued and outstanding common stock of ADDvantage Media and 100% of the outstanding and preferred stock. Approximately 40% of the preferred stock will be convertible into ADDvantage Media common stock at a price of $4.00 per share. Management of TULSAT is expected to assume management and control of ADDvantage Media.

TULSAT was established in 1985 by the Chymiaks and is a leader in providing sales and service to the cable television industry. It maintains one of the largest inventories in the industry with new, surplus and refurbished equipment, accessories and construction hardware. It has 85 employees and services its more than 3,000 customers from facilities in excess of 100,000 square feet located in Broken Arrow, Oklahoma. Customers include cable television system operators, hotels, motels, hospitals, apartments and a myriad of other companies involved in the distribution of television signals. TULSAT's revenues for 1998 were approximately $19.7 million and are expected to exceed $20 million in 1999.

ADDvantage Media Group, Inc. has been a marketing company with a primary focus on in-store, point-of-sale consumer advertising, primarily through a solar-powered calculator that attaches directly to the handle of a shopping cart. The calculator also carries an advertising display area. Since its contract with Wal-Mart terminated over a year ago, ADDvantage Media has not had any Shoppers Calculators in stores nor has it conducted any other material business operations and has attempted to sell or dispose of its Shoppers Calculator assets. It does own a 27% stake in a private educational company, Ventures Education Systems Corporation.

ADDvantage Media also announced that it has been notified that its common stock will be delisted from the Nasdaq SmallCap Market on September 22, 1999 because the stock price was below $1.00 per share for an extended period of time. Charles H. Hood, President and Chairman of the Board of ADDvantage Media noted that assuming the transaction with the TULSAT shareholders is consummated, ADDvantage Media would have to reapply for the Nasdaq SmallCap listing, in any event, because TULSAT would be considered the surviving company under applicable accounting and securities rules. The parties are in agreement that they will reapply for a new Nasdaq listing after the transaction is consummated as soon as the combined company is able to meet the various listing criteria. Hood further stated that "AMG explored business opportunities with a number of other firms. Based upon TULSAT's historical and present levels of profitability, in combination with its opportunities for the future, TULSAT was clearly the proper choice for the benefit of our stockholders. Quite frankly, we're very excited about TULSAT and its future potential."

Statements regarding the anticipated consummation of the acquisition of TULSAT, the future listing of the ADDvantage Media shares on The Nasdaq Stock Market, projected future revenues of TULSAT and related matters are forward-looking statements which are subject to a number of uncertainties, risks and other cautionary statements, including those contained in ADDvantage Media's quarterly report on Form 10-QSB for the quarter ended June 30, 1999 and its annual report on Form 10-KSB for the year ended December 31, 1998, filed with the Securities and Exchange Commission.