Internet Media Technologies, Inc. Announced That Its Board of Directors Has Authorized a Repurchase of Common Shares of the Company, a Reverse Split and New Trading Symbol

Internet Media Technologies, Inc. (Pink Sheets:IMTC), a distributor of digital content through a network of Patented Digital Content Machines, today announced that the company’s Board of Directors has authorized a repurchase of the company’s common shares. Purchases are not to exceed 10% of the total outstanding shares of the company. Purchases shall be made from time to time at the discretion of management in the open market or in privately negotiated transactions, subject to, among other factors, market conditions, trading volume and the Company’s share price. No time limit was set for the repurchase program and the program may be suspended from time to time or discontinued.

In addition the company’s Board of Directors have authorized a Ten (10) for one (1) reverse stock split. Internet Media Technologies, Inc. has filed all the necessary paperwork to affect this reverse split as well as a change of its ticker symbol from IMTG.PK to IMTC.PK. The terms of the split may require all shareholders to turn in physical certificates in order to receive their new shares, NASDAQ has provided approval of the split and notified the company that trading will resume under the new symbol as of April 09, 2008.

“The Board feels that the current stock price justifies the share buyback and combined with the reverse split, should benefit our shareholders in several ways. The movement to a smaller number of traded shares will allow us to better serve our legitimate shareholders, better identify potential short positions that we believe may have existed in our stock, as well as sending a message to the marketplace that we are positioning ourselves to become a fully reporting issuer,” said IMT CEO Romeo (Ray) Prescott.

“Our timing of this restructure is also significant, as the company continues its progress of its fund-raising efforts for growth capital as the company prepares to launch the next generation of self serve kiosks for the movie rental and music industry. We are extremely excited about the future of IMT and our revolutionary Digital Content Machines.

About Internet Media Technologies, Inc.:

Internet Media Technologies, Inc. (IMT) is a technologies holdings company currently comprised of interests in VoIP (Voice over Internet Protocol) for both residential and commercial customers, and in a revolutionary digital media delivery platform. This retail-based platform is designed to market all entertainment products, i.e. movies, music & other digital content, via a network of unique digital kiosks (or digital docking stations) and vending machines. The company’s longer-term plans are to develop a synergistic network of innovative, profitable and global businesses.

Forward Looking Disclaimer:

Statements contained herein that are not based on historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Internet Media Technologies, Inc intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause Internet Media Technologies, Inc. actual results, performance or achievements to differ materially from current expectations.

Additional information is available on IMT’s Websites by navigating to www.myvoxbox.com and www.internettechno.com.

Contacts

Internet Media Technologies, Inc.
Romeo Prescott, (604) 288-8292 Ext 703
or
Equiti-trend Advisors LLC
Investor Relations:
(800) 953-3350 Toll-Free U.S. & Canada
(858) 436-3350 Local or Intl.