BMII Retains Elite Swiss Financial House MFC Merchant Bank S.A.

Business Editors

LOS ANGELES--(BUSINESS WIRE)--March 31, 2000

Robert Blagman, president and chief executive officer of Blagman Media International Inc. (OTCBB:BMII), today announced that he has retained the prestigious Geneva, Switzerland-based MFC Merchant Bank S.A. to perform a number of functions for his rapidly growing direct-response marketing and advertising agency.

According to Blagman, MFC will serve in an advisory capacity to him and the board of directors in a broad array of activities, each designed to enhance shareholder value.

First, MFC will bring to bear its wide experience in offshore structuring to analyze the potential of this strategy for Blagman Media International.

Blagman commented: "The opening of our London office, coupled with our interests in the Persian Gulf, means that we are truly a multinational company. So it only makes sense to thoroughly explore the many options available to us."

In keeping with Blagman's worldwide strategy, MFC will aggressively explore the raising of additional capital in Europe as well as listings on European stock exchanges.

"Given that we are in a significant acquisition mode, it is imperative that we remain aware, on a daily basis, of opportunities to raise capital in a continent that has always reached out to support and participate in American business," stated Blagman.

"Perhaps most important," Blagman continued, "MFC will be an integral part of our efforts to secure a full Nasdaq listing. The exchange has dramatically raised the barriers to full listing, but we are confident that, in the not-too-distant future, we will not only meet but surpass them."

In addition, MFC will advise the company on a wide range of issues, including forming strategic alliances, corporate governance and challenges inherent in managing rapid growth.

MFC Merchant Bank's roots extend to its founding in 1870 as a Swiss private bank. Fully licensed, it offers corporations, as well as high-net-worth individuals, a blend of services designed to both enhance capital and preserve and protect assets.

According to a company spokesperson, the bank particularly prides itself on its stellar track record assisting companies wishing to go public in Europe or North America. Its relationships also extend to the Far East.

Commenting on this new association with Blagman Media International, Peter S. Jessop, first vice president of MFC, stated: "We pride ourselves on our ability to both recognize and serve the financial needs of companies whose potential far exceeds their current positions. And we feel that Blagman Media perfectly fits that description."

Blagman concluded, "As we enter what we expect to be a significant growth phase, we are determined to align ourselves worldwide with partners such as MFC, who not only share our vision for our company but exhibit the highest standards of creativity, reliability and integrity."

Blagman Media International, whose short-term goal is to acquire or form strategic alliances with niche media entities worldwide, recently announced the acquisition of Mullinger Media. Based in Dubai, United Arab Emirates, Mullinger is a premier advertising and public- relations agency specializing in Middle Eastern marketing.

The foregoing release may contain forward-looking statements. For this purpose, any statements contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "estimate" or continue" or comparable terminology are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties, and actual results may differ materially depending upon a variety of factors.