Blagman Media and Tri-Gate Entertainment Announce Plan for BMII to Expand Media Domain.

Business & Entertainment Editors

LOS ANGELES--(BUSINESS WIRE)--Oct. 24, 2000

Robert Blagman, chairman and chief executive officer of Blagman Media International Inc. (OTC:BMII), reported that BMII has entered into a letter of intent to acquire a controlling equity interest in Tri-Gate Entertainment Ltd. Inc., a Vancouver, British Columbia-based entertainment media firm specializing in the fusion of traditional media and advanced technology.

Blagman announced the proposed stock-for-stock acquisition in Vancouver during a charity event honoring "The Children's Wish Foundation of Canada" hosted by Tri-Gate Entertainment, confirming that "our deal, if completed, will allow BMII to acquire the majority interest in this very dynamic global media firm. We plan to unite BMII and Tri-Gate to explore the future of advertising and marketing in the 21st century through advanced technology that uses content and talent to reach new media markets."

Alphonso Rene Quijada, president of Tri-Gate Entertainment, who will continue in his executive capacity, stated: "The opportunities for Tri-Gate and BMII are substantial. Becoming affiliated with BMII will allow Tri-Gate access to significant support that BMII brings to enable us to become a global force in media fusion. Tri-Gate has reported that it will shortly unveil a new high-tech delivery system for delivery of content, including film and music production and other traditional entertainment formats." Blagman added, "We believe that media fusion will become the cornerstone of advertising and marketing in the next 10 years, and we plan to build on our individual skills to allow Tri-Gate's proven and effective Internet solutions and BMII's traditional advertising to be featured as the core of a global expansion."

If the transaction is completed, BMII will control 51 percent of Tri-Gate Entertainment (a British Columbia corporation) through a stock-for-stock acquisition and will have an option to acquire the remaining 49 percent within a year. The business terms of the transaction, which is expected to close by early 2001, have been set forth in a letter of intent, but close of the transaction is subject to customary due diligence, a definitive agreement and necessary approvals. Quijada will continue as president of Tri-Gate and will join a management team overseeing the future growth of Tri-Gate. Quijada has vast experience in TV and film production, having appeared in 38 television spots and seven feature films.

Blagman Media International is located at 1901 Avenue of the Stars, Suite 1710, Los Angeles, Calif. 90067. The company's telephone number is 310/788-5444.

The foregoing news release contains 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," "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.