NEW YORK, June 7, 2011 – On June 6, 2011,Palladium Capital Advisors, LLC acted as the Placement Agent for Options Media Group Holdings, Inc. (the “Company”) which closed a private placement offering with accredited investors and sold 18,400 shares of Series A Convertible Preferred Stock (“Series A”) and 6,149,998 warrants (100% warrant coverage) and raised $1,686,200 in net proceeds after payment of commissions and fees to the Placement Agent.

The Series A is convertible at $0.03 per share and the warrants are exercisable at approximately $0.041 per share over five-years. The Series A provides for a liquidation preference, voting rights equal to the number of shares of common stock that the holder would be entitled to if the Series A were converted and a 7% dividend per annum. Additionally, the Series A shares contain anti-dilution and price protection features which are disclosed on Exhibit 3.1 to this Form 8-K. Holders of the Series A have piggyback registration rights.

The Series A reported in Form 8-K have not been registered under the Securities Act of 1933 (the “Act”) and were issued and sold in reliance upon the exemption from registration contained in Section 4(2) of the Act and Rule 506 promulgated thereunder. The investors were accredited investors and there was no general solicitation.