Summary Notice of Class Action Settlement and Fairness Hearing to all Persons who Purchased Metro Global Media, Inc. Common Stock Between September 13, 1996 and September 13, 1999 -- MGMA


NEW YORK, Aug. 28, 2003 (PRIMEZONE) -- Rabin, Murray & Frank LLP announces that a hearing has been scheduled before the United States District Court for the District of Rhode Island, Courtroom 1, One Exchange Terrace, Federal Building and Courthouse, Providence, Rhode Island, 02903, on November 17, 2003 at 10:00 a.m., to consider approval of a proposed Settlement, Class Counsel's application for attorneys' fees and reimbursement of expenses, and related matters in the action captioned George Kinney, et al. v. Metro Global Media, Inc., et al., C.A. No. 99-579-ML, brought on behalf of the Class defined above. If you are a member of the Class and did not receive the Notice of Proposed Settlement and Fairness Hearing (the "Notice"), and Proof of Claim and Release ("Proof of Claim"), please request copies by writing to:



             Metro Global Securities Litigation
              c/o FRG Information Systems Corp.
                      P.O. Box 4059
                  Grand Central Station
                   New York, NY 10163

The Notice and Proof of Claim contain important information about the litigation, including the steps you must now take to share in the proposed Settlement if it is approved. Proofs of Claim must be postmarked by October 27, 2003. You may be heard personally or through an attorney at the hearing if you file, by October 27, 2003, with the Court and serve on Class Counsel, papers requesting to do so and setting forth your views.

Please do not contact the Court for information.

More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca



            

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