New Medium Enterprises, Inc. Announces Share Buy-Back Program.

LONDON -- New Medium Enterprises, Inc. (OTCBB:NMEN) announced today that its Board of Directors has approved a share buy back program for up to 5,000,000 shares of its public stock NMEN.

The timing and exact number of shares purchased will be determined at the Company's discretion and will depend on market conditions. All repurchases will be on the open market and are expected to be funded from existing and future cash.

"We believe that the current share price, in relation to the various milestones that the company has achieved to date and is now poised to achieve in the near future, does not in any way reflect the long term prospects of the Company and therefore represents an excellent opportunity for us to initiate a buy-back program," said Mahesh Jayanarayan, President and Chief Executive Officer. He continued, "The initiative reflects our commitment to promote long-term shareholder value."

The company recently announced its HD product roll out plan to include various strategic relationships in Asia and Europe that management believes will be instrumental in achieving long term shareholder value. Furthermore the company is confident that it can generate sales revenue in the 3rd quarter of 2006 and believes the current stock price does not truly reflect a true valuation.

About New Medium Enterprises, Inc. (NME):

New Medium Enterprises, Inc. headquartered in London, UK developed and has begun manufacturing its flagship product, VMD (Versatile MultiLayer Disc), a proprietary high definition DVD which provides the world's first low-cost true High Definition solution utilizing today's red laser DVD Technology and its industrial infrastructure. The VMD platform is ideal for 1920X1080i/p High Definition format up to 40 Mb/s bitrate playback using its 20 GB - 40 GB red laser optical discs. VMD players & burners, stand alone and computer embedded, are inherently backward compatible with DVD and CD. This is the only low-cost high-end offering to the discerning consumer comparable to contemporary DVD market prices.

For additional information about NME, please consult the Company's website at www.nmeinc.com.

SAFE HARBOR 

The 'Press Release' contains forward-looking statements as defined by the federal securities laws which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

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