TM Media Group Inc. has reached an agreement with President and Director, Matt Harmon to sell its entertainment assets for $5000 and 20 million shares of the company’s stock.

The agreement also requires Mr. Harmon to create a new corporation for all of TM Media’s entertainment assests to be transferred where shareholders will receive a 5% distribution of the shares (issued and outstanding).

As a result of the agreement, Mr. Harmon has resigned effective immediately from the Board of Directors and no longer serves as an officer of TM Media. Brian Larsen, CFO, has been appointed President. Roger Gary has been appointed to the Board of Directors.

TM Media is now seeking a new acquistion in the resource sector.