NT Media Corp. Options Production Rights


LOS ANGELES, Aug. 21, 2006 (PRIMEZONE) -- NT Media Corp. (OTCBB:NTMM), a diversified media and entertainment company, announced today that it has optioned the production rights to the screenplay, "The Gambler." The screenplay is an adaptation of the novel of the same name by Fyodor Dostoevsky. The screenplay is registered with the Writers Guild of America.

"We are very excited about securing the production rights to this screenplay, 'The Gambler,' which is based on this classic 19th century literary masterpiece by the Russian novelist, Fyodor Dostoevsky. We are looking forward to working closely with our representatives at The Endeavor Agency in developing and casting this project," said Ali Moussavi, CEO of NT Media Corp. "The novel, based on Dostoevsky's own life, depicts the life of a pathological gambler," added Moussavi.

We appreciate the continued support of our shareholders. For more information, please visit: www.ntmedia.tv.

About NT Media

NT Media Corp. is a publicly traded diversified entertainment and Media Company based in Los Angeles California with operations in film and television production and finance.

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Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties include, among other things, the funding of amounts of capital adequate to provide for our working capital needs and our timely repayment of debt; our ability to timely and cost effectively complete the development and testing of our products targeted to the bio-chemical market; our ability to commercially produce our products on a profitable basis; commercial acceptance of our products; product price volatility; product demand; market competition and general economic conditions and; other factors described in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.



            

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