Palladium exclusive placement agent for $900,000 bridge loan for The Tube Media Corp
August 18, 2006: Palladium Capital Advisors, LLC announced today that it
acted as exclusive placement agent in a transaction in which The Tube Media
Corp. (the "Company") entered into a subscription agreement with accredited
investors to complete a private placement of $990,000 in aggregate principal
amount of securities. Pursuant to the terms of the Subscription Agreement,
the Company sold convertible notes in the aggregate principal amount of
$990,000 and issued common stock purchase warrants to purchase an aggregate
of 385,714 shares of the Company's common stock, par value $0.0001 per share
at an exercise price of $2.25 per share to the Investors. The Company received
cash proceeds from the issuance of the Notes of $900,000 of which $500,000
was deposited on August 14, 2006 and the remaining $400,000 was deposited
on August 17, 2006. The Notes and Warrants were issued on August 17, 2006.