JAG Media Holdings, Inc. News

JAG Media Holdings, Inc. Announces Receipt of Letter from CryptoMetrics, Inc. Regarding No Further Extensions of Merger Agreement

BOCA RATON, Fla., June 18 PRNewswire-FirstCall — JAG Media Holdings, Inc. (OTC Pink Sheets: JAGH) announced today that it received a letter from CryptoMetrics, Inc. this morning wherein CryptoMetrics informed the Company "that CryptoMetrics has decided not to extend the Automatic Termination Date [which last expired on April 30, 2008] and therefore the Merger Agreement has by its terms been terminated, and is void and of no force or effect..."

The Company is currently in discussions with other companies regarding alternative merger transactions.

A copy of the letter received from CryptoMetrics will be filed by the Company on Form 8-K, which will be available on EDGAR.

About JAG Media Holdings, Inc.

JAG Media Holdings, Inc. is a provider of Internet-based equities research and financial information that offers its subscribers a variety of stock market research, news and analysis, including "JAG Notes," the Company's flagship early morning consolidated research product.

SOURCE JAG Media Holdings, Inc.

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