SaVi Media Group Retains Two Top Leading Executives and Restructures Assets to Enhance Shareholder Value


ANAHEIM, Calif., March 8, 2005 (PRIMEZONE) -- SaVi Media Group (OTCBB:SVMI) has hired Steve Botkin as its Chief Information Officer (CIO) and Steve Sperrazza as Executive Vice President over Corporate Finance Strategy to revamp the company's infrastructure.

Mr. Botkin will oversee the SaVi Media Group's Information Systems where he will be responsible for the development of the company's Information Technology and Public Relations departments. Before coming to the company Steve Botkin served as President and Chief Information Officer (CIO) of Flight Crew Services, a leading global provider of Informational Services for the relocation of airline flight crews around the world.

Mr. Sperrazza will oversee the company's Corporate Finance Strategy and develop Capital Recruitment, Marketing, and Sales departments. Sperrazza has over 15 years of financial experience as a Wall Street executive. As the former President and CEO of Allrich, Alexander & Co., an Institutional Investment Banking firm, Sperrazza was responsible for negotiating multi-million dollar investments and pension plans. Through his pioneering vision, he was able to fund several billion dollars in Municipal Bond deals.

Newly hired executives CIO Steve Botkin and Exec VP Steve Sperrazza's first call to action was to revamp the company's infrastructure, through various negotiations; reacquire 195 million shares of SaVi stock, which was put back into the company treasury; as well as implementing the elimination of the initial $50 million note owed to H.D.V., Inc. SaVi Media Group's total outstanding shares have now been reduced from 293 million shares, down to 98 million shares.

This was set in motion in order to better position the company for future growth as well as to enhance shareholder value. It was agreed by the corporate founders, Dr. Mario Procopio and Serge Monros, to reacquire 195 million shares back into the company treasury. Serge Monros signed an agreement also to acquire an equity position of an additional one million shares of preferred stock in place of the $50 million debt that SaVi Media Group incurred from patents being assigned over to the company.

Dr. Mario Procopio is quoted as stating, "Both Serge Monros and I are committed to the long-term growth and success of SaVi Media Group. It is our belief that the opportunity and prosperity of our shareholders and affiliates takes top priority in our company and venture."



            

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