Diversified Media Holdings, Inc. Names New Senior Vice President and Director of Investor Relations


NEW YORK, July 24, 2003 (PRIMEZONE) -- Diversified Media Holdings, Inc. ("DMH") (Pink Sheets:DVHI), a media and entertainment acquisition company, has named Demetrius ("Dee") Ford as Senior Vice President, Director of Investor Relations.

Mr. Ford brings 10 years of senior management experience in the areas of corporate finance, investment banking and shareholder relations. He was most recently President and Chief Executive Officer of M2M Capital Corporation, a corporate finance and business development advisory firm for minorities and women that he founded in 1999. He is a graduate of Barrington University and the Marine Corp Institute's Non-Commissioned Officer Program. Mr. Ford holds Series 7, 24, and 63 NASD licenses.

"In today's skeptical shareholder environment," says DMH Chairman and Chief Executive Officer, Patrick Grotto, "there is no position more important to me and the company than that of the executive responsible for investor relations. Not only does Dee have all the necessary educational, NASD licenses, and experience needed to do this job, he also has all the verbal and written communication skills needed to successfully interact with investors. But most important, Dee has a very high level of integrity that was engrained in him through his upbringing and strengthened through service to his community and his country. We couldn't be more pleased to welcome Dee to our team."

Mr. Ford can be reached at (212) 581-1122, or via e-mail, dford@dmholding.com.

Statements in this press release other than statements of historical fact, including statements regarding the company's plans, beliefs and estimates as to projected market size are "forward looking statements." Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the company's SEC filings, and actual results could differ materially from expected results. These forward looking statements represent the company's judgment as of the date of this release. The company disclaims, however, any intent or obligation to update these forward looking statements.



            

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