i-level Media Group Announces Closing of Share Exchange Agreement

i-level Media Group Announces Closing of Share Exchange Agreement

March 21, 2007

    SHANGHAI, China, March 21 /Xinhua-PRNewswire/ -- The
Board of Directors of i-level Media Group Incorporated
("i-level" or the "Company") is pleased
to announce that, effective on March 20, 2007 (the
"Closing"), i-level has completed its previously
announced (February 6, 2007) Share Exchange Agreement,
pursuant to which the Company has acquired all of the
issued and outstanding shares of i-level Media Systems
Limited ("i-level Media Systems"). 

    In exchange for the i-level Media Systems shares, the
Company issued 27,000,000 common shares, and the Company's
founders surrendered for cancellation an aggregate of
41,000,000 common shares.  In addition, at the Closing:

    -- Certain loans of the Company totalling $500,000 were
converted into 
       5,000,000 loan units ("Loan Units") at
$0.10 per Loan Unit.  Each Loan 
       Unit is comprised of one common share and
one-quarter of one non-
       transferable share purchase warrant.  Each such
whole warrant is 
       exercisable at a price of $0.50 per common share,
expiring on 
       September 20, 2007.  
    -- The Company received subscriptions for 2,600,000
private placement 
       units (the "Units") of the Company at
$0.50 per Unit for cash proceeds 
       of $1,300,000.  Each Unit is comprised of one common
share and one-
       half of one non-transferable share purchase warrant.
 Each such whole 
       warrant is exercisable at a price of $1.00 per
common share, expiring 
       December 20, 2007.  
    -- The Company completed a debt conversion private
placement for 
       1,031,668 common shares at $0.30 per share to settle
$309,500 of i-
       level Media Systems debt.

    Aidan Sullivan, i-level's founder and CEO, commented on
the closing, saying, "We are extremely pleased with the
market's response to our private placement offering and very
glad to see this merger concluded swiftly.  
i-level is now very well positioned to implement its growth
plan and expand its innovative digital media out-of-home
advertising network in China on a national scale.  We look
forward to continuing the development of i-level as a
publicly traded company and building value for both our
current and future shareholders."

    The securities described in this news release have not
been registered under the U.S. Securities Act of 1933, as
amended, and may not be offered or sold in the United
States absent registration or an applicable exemption from
registration requirements.  The Board emphasizes that no
securities regulatory authority has in any manner passed
upon the merits of the transactions comprising the
Company's Share Exchange Agreement and has neither approved
nor disapproved the contents of this news release.

    i-level Media Group Inc. is an emerging media company
delivering powerful digital media solutions for out-of-home
advertising in China.  The company owns and operates one of
the largest digital in-taxi advertising networks in
existence and also licenses its technology and expertise to
third parties seeking mobile digital media solutions. 
i-level's proprietary technological platform, consisting of
high-quality LCD displays mounted inside the passenger
compartments of taxis, provides a consistent, reliable and
high-impact channel for reaching consumers on the go. 
Through exclusive distribution agreements with China's
leading taxi operators, i-level puts advertisers' messages
in front of a highly sought-after audience, in a captive
and intimate setting.

    Forward Looking Statements: This press release contains
forward-looking statements within the meaning of the United
States Private Securities Litigation Reform Act of 1995. 
Forward looking statements are statements that are not
historical facts and are subject to a variety of risks and
uncertainties which could cause actual events or results to
differ materially from those reflected in the
forward-looking statements. Although we believe the
expectations reflected in our forward looking statements
are reasonable, results may vary, and we cannot guarantee
future results, levels of activity, performance or
achievements.

    The NASD has not reviewed, and does not accept
responsibility for the adequacy or accuracy of the content
of this news release.


    For more information, please contact: 

     Aidan Sullivan
     CEO
     Email: [e-mail]
 
     Investors
     John Dahle
     Tel:   [phone]
     Email: [e-mail]