Diverse Media Group Inc. (DVME) Options Six Titles From Elio Pictures

Diverse Media Group, Inc. (Pink Sheets: DVME) has optioned to purchase a 30% interest in six titles from Elio Pictures. Diverse Founder and CEO Chris Nassif describes the move as an important building block in acquiring a library of titles for distribution both domestically and worldwide. The Company acquired its first television property, “Hometeam,” in 2007. The program is currently airing in syndication in the U.S. and in South Africa. Nassif says, “Our analysis shows a dramatic shift in media metrics. It gives us an opportunity to create a strong business model, distributing a wide variety of titles across a multitude of platforms.”

The Elio Pictures titles include “The Lost Angel” (2005) with Judd Nelson and Nicholas Celozzi, “Framed by Seduction” (2004) starring Robert Patrick, “Nightmare Boulevard” (2004) starring Claudia Christian and Corbin Berenson, “7-10 Split” (2007) featuring Tara Reid and Rachel Hunter, and “Senior Skip Day” (2008) with Lea Thompson and Norm MacDonald. The sixth title, “Momo,” is currently in development.

The option is being purchased with 25 million shares of Diverse Media Group restricted common stock, valued at $50,000. The Company has until March 30, 2010, to exercise its option for a cash price of an additional $400,000. According to Elio Pictures, “Framed by Seduction,” made for $3.5 million, has earned $10 million alone, worldwide, since its release.

Acclaimed producer, writer and director Dimitri Logothetis, CEO of Elio Pictures, says, “We’re very excited to be involved with a forward-looking company like Diverse. I have enormous respect for Chris Nassif as an innovative thinker, and I look forward to developing a strong business relationship with our projects.”

About Diverse Media Group, Inc.

Diverse Media Group, Inc. (Pink Sheets: DVME) (http://www.diversemediagroupinc.com) is an entertainment company that aggregates expertise across all aspects of the media industry. Diverse Media Group has at its core the established 27-year history of its wholly owned subsidiary, Diverse Talent Group. Diverse Talent Group is now the 10th largest Hollywood agency offering talent and literary representation in commercials, episodic television, cable programming and motion pictures. The company has the ability to create programming, foster distribution and represent talented individuals to fuel a new digital age of content generation. The parent company also includes the subsidiary Talent Quest America, Inc., which identifies new and rising talent representing the future of the Hollywood entertainment community.

The information contained herein contains forward-looking information within the meaning of Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934 including statements regarding expected continual growth of the company and the value of its securities. In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 it is hereby noted that statements contained herein that look forward in time which include everything other than historical information, involve risk and uncertainties that may affect the company's actual results of operation. Factors that could cause actual results to differ include the size and growth of the market for the company's products, the company's ability to fund its capital requirements in the near term and in the long term, pricing pressures, unforeseen and/or unexpected circumstances in happenings, pricing pressures, etc. Investing in securities is speculative and carries risk. Past performance does not guarantee future results.

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