Gen2Media to Launch Internet Television Channels for Emmis Radio Brands Serving Chicago

ORLANDO, Fla., Aug. 17, 2009 (GLOBE NEWSWIRE) -- Gen2Media Corporation
(OTCBB:GTWO), a fully integrated digital media, technology and marketing
company, today announced that it has signed Video Network License and Joint
Venture Agreements with Emmis Communications Corporation (Nasdaq:EMMS) to
develop ad-supported online television channels for Chicago's Q101, America's
most influential alternative rock station found on the Internet at www.Q101.com,
and The Loop 97.9, one of Chicago's top rated Rock stations, found at
www.WLUP.com.

The new Internet TV channel created by Gen2 for Q101 is now live and airing
music videos, in-studio interviews and performances and Q101 special events. The
Loop's Internet TV channel will be launched within the next 30 days.

Since mid-2008, Gen2Media and Emmis have collaborated on the creation and
implementation of ad-supported online television channels at Emmis stations
serving the nation's top two radio markets: New York City and Los Angeles,
including HOT 97, 98.7 KISS-FM, 101.9 RXP, Power 106 and Movin 93.9. Chicago is
the third largest radio market in the country.

"Results speak volumes," noted Benjamin Finley, VP, Branded Entertainment at
Emmis Communications in New York. "Gen2's video publishing platform and Smart
Content Management System(tm) has fast proven to be highly effective at helping
Emmis to materially deepen and enrich our engagement with our radio brands'
audiences through the delivery of highly interactive and experiential online
video entertainment. Moreover, Gen2's powerful, multi-dimensional, advertising
platform is helping us to attract much more meaningful ad spend from both local
and national advertisers, alike, while promoting innovative ideas for new
revenue generation opportunities for our Company. We are very pleased to be
expanding our relationship with our friends and business partners at Gen2 and
look forward to working with them to achieve our mutual goals and perpetuating
our mutual success."

"A noted and respected thought leader in the changing media landscape, Emmis has
clearly recognized that there is a tectonic shift underway in radio, fueled by
the convergence of on-air and online news and entertainment and the power of
online video," stated Mary Spio, President of Gen2Media. "As such, partnering
with a company of Emmis' world class stature and industry influence is further
validating that our proprietary, patent pending video delivery platform is
indeed deemed trusted and highly differentiated. In turn, this is helping to
rapidly earn distinction for Gen2Media as an industry leader in our own right."

About Emmis Communications Corporation

Emmis Communications -- Great Media, Great People, Great Service(r)

Emmis is an Indianapolis-based diversified media firm with radio broadcasting,
television broadcasting and magazine publishing operations. Emmis owns 21 FM and
two AM domestic radio stations serving the nation's largest markets of New York,
Los Angeles and Chicago, as well as St Louis, Austin, Indianapolis and Terre
Haute, Indiana. Emmis also owns a radio network, international radio stations,
regional and specialty magazines, an interactive business and ancillary
businesses in broadcast sales.

About Gen2Media Corporation

Based in Orlando, Florida, Gen2Media is a full-service digital media, technology
and marketing company and owner of the world's first true end-to-end online
interactive network that embodies the best of broadcast and broadband. The
Company combines world class content creation and production with a
cutting-edge, patent-pending Digital Video Publisher and Smart Content
Management System(tm), back-end metrics and marketing expertise to achieve
quantifiable results for its blue chip partners and customers; and to create
rich, robust and engaging branded entertainment and infotainment for consumers
both directly and through a number of blue chip channel partnerships.

Partners include Microsoft Xbox, TiVo, Clear Channel, Emmis Communications,
Regent Communications, Salem Communications and others. Additionally,
Gen2Media's acclaimed production team has handled live concert and video
production for some of the most high profile entertainers and events in the
world, including Mary J. Blige, Justin Timberlake, Britney Spears, The Billboard
Awards Show and Live 8. For more information, please visit www.gen2media.com.

The Gen2Media Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6507

Statements made in this Press Release that are not historical or current facts
are "forward-looking statements." These statements often can be identified by
the use of terms such as "may," "will," "expect," "believes," "anticipate,"
"estimate," "approximate" or "continue," or the negative thereof. The Company
wishes to caution readers not to place undue reliance on any such
forward-looking statements, which speak only as of the date made. Any
forward-looking statements represent management's best judgment as to what may
occur in the future. However, forward-looking statements are subject to risks,
uncertainties and important factors beyond the control of the Company that could
cause actual results and events to differ materially from historical results of
operations and events and those presently anticipated or projected. These
factors include, among others, adverse economic conditions, entry of new and
stronger competitors, inadequate capital, unexpected costs, and failure to
capitalize upon access to new markets. The Company disclaims any obligation to
revise any forward-looking statements to reflect events or circumstances after
the date of such statement or to reflect the occurrence of anticipated or
unanticipated events. These factors and others are discussed in the
"Management's Discussion and Analysis" section of the Company's Reports on Form
10-K for the fiscal year ended June 30, 2008 and Form 10-Q for the quarter ended
December 31, 2008.

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CONTACT: Elite Financial Communications Group, LLC
Dodi Handy, President and CEO
Kathy Addison, Director of Elite Media Group
407-585-1080
GTWO@efcg.net

Emmis Communications - New York
Brian D'Aurelio, Director of Marketing and Digital,
HOT 97, 101.9 RXP and 98.7 Kiss FM
212-206-3366
Fax: 212-367-1655