WMDA

Watchit Media, Inc. (OTCBB:WMDA), the leading provider of out-of-home place based private television networks for the gaming, lodging and hospitality markets, today announced the Company has received invested capital to help Watchit continue to fuel its rapidly growing business. The terms and conditions of the investments were not disclosed. The aggregate amount of the investment was $900,000. The investment partnership of Stiassni Capital Partners, L.P., the investment partnership of brothers Colt and Cliff Melby and Watchit Chairman and CEO James Lavelle were responsible for Watchit's latest round of financing. Commenting on the investment James Lavelle said, "As we have continued to effectively execute our strategy and grow our business since forming Watchit Media, Inc. we have begun to attract the attention of the investor community. We're obviously delighted to have gained the confidence of Stiassni Capital and Colt and Cliff Melby. We will work hard to increase the value of their shares along with those of all of our stockholders in the months and years ahead." About Watchit Media, Inc. Watchit Media, Inc. is the leader in producing out-of-home place based television programming and advertising on private television networks that matches the unique interests and lifestyles of captive audiences. Using digital photography, computer editing and Internet Protocol technology, Watchit produces, schedules and presents its video content via broadband to gaming, lodging and hospitality venues across the United States. Watchit's brand marketing and proprietary television programming reaches over 27,000,000 viewers per year. Visit the Company's website at www.watchitmedia.com.