Blagman Media Sets Corporate Outlook for 2003.

Business Editors

LOS ANGELES--(BUSINESS WIRE)--Jan. 7, 2003

Blagman Media International Inc. (OTCBB: BMII) announced its preliminary financial and business outlook for 2003.

Despite a very difficult 2002 and ongoing concerns about the strength of the company, Blagman Media International heads into 2003 with renewed strength and purpose.

Blagman Media International estimates that with prudent financing and advanced management direction, a turnaround will take place in early 2003. Plans for expansion into the New York market have resumed, while at the same time new accounts including a major retail chain have joined the BMII client list. BMII anticipates a very active year of expansion and growth. BMII also expects to finalize at least one acquisition within the first 3 months of 2003. This acquisition will fortify BMII's contribution to the world of convergent marketing and allow for a broader expansion of the core business. Of course there can be no assurance that the acquisition will be finalized on favorable terms if at all.

BMII has also hired new legal and financial advisors to assist the company in its quest for a secure and profitable future. Due to heavy investor interest in its company's stock, BMII also plans to retain an experienced shareholder communications firm to ensure the proper information flow from BMII to the financial community and its shareholders.

Further information on the outlook for revenues and specifics of our twelve month goals for a return to profitability will be discussed with our shareholders and made available to the public at our annual shareholders meeting on January 27, 2003.

Blagman Media International, Inc. is located at 1901 Avenue of the Stars, Suite 1710, Los Angeles, CA 90067. Blagman Media International, Inc. is a publicly held entity (OTC: BMII: OB) based in Los Angeles and a global direct response marketing and advertising agency.

The foregoing press release contains forward-looking statements. For this purpose any statements contained in this press 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," "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 on a variety of factors. Due to confidentiality restrictions, competitive concerns and other related issues, specific information on new business will be made public later this month.