NEW YORK, June 29, 2006 (PRIMEZONE) -- Affinity Media International Corp. (the "Company") (OTCBB:AFMIU) announced today that the underwriters for its initial public offering exercised in full their option to purchase 412,500 units subject to the underwriters' over-allotment option and purchased such units on June 29, 2006. Each unit consists of one share of common stock and two warrants.
The 3,162,500 units sold in the offering (including the 412,500 units subject to the underwriters' over-allotment option) were sold at an offering price of $6.00 per unit, generating total gross proceeds of $18,975,000 to the Company. Of this amount, $18,900,750 was placed in trust. Maxim Group LLC acted as lead underwriter for the initial public offering. A copy of the prospectus may be obtained from Maxim Group LLC, 405 Lexington Ave., New York, NY 10174.
A registration statement relating to these securities was filed and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of Affinity Media International Corp., nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.