Imagine Media, Ltd. Signs Letter of Intent to Acquire JAKK`D

DENVER--(Business Wire)--
Imagine Media, Ltd., a Delaware corporation ("Imagine" or the "Company") (OTCBB:
IMLE) today announced that it has signed a non-binding Letter of Intent to
acquire JAKK`D HOLDINGS, LLC., a Denver, Colorado based Ready To Drink (RTD)
producer of Alcoholic Beverages, With Caffeine. Under the terms of the LOI, if
the acquisition is completed, the shareholders of JAKK`D will acquire no less
than 80% of the total issued and outstanding shares of the Company, and the
transaction will constitute a change in control. Completion of the acquisition
is subject to the satisfaction of several conditions precedent, including,
without limitation, the execution of a definitive merger agreement, the
satisfactory completion of due diligence by both parties, the completion of
audited financial statements by JAKK`D, and compliance with federal and state
securities laws. There can be no assurance that the transaction will be
consummated.

JAKK`D is a Distilled Neutral Grain Spirit with Natural Flavors, Certified
Colors, Pure Cane Sugar, and Caffeine. JAKK`D beverages are unlike flavored
"Malternatives" or "Alcopops" on the market today in that they do not contain
High Fructose Corn Syrup or questionable stimulants such as Taurine, Ginseng and
Guarana.

JAKK`D is initially launching four flavors: Lunatic Lemon, Black Tea Lemon
Honey, Punched Out Pomegranate Berry, and Raging Orange. Packaged in
distinguished 375ml black aluminum "beer-shaped" bottles. JAKK`D is sold in 4
pack, 12 pack and case quantities. Each flavor contains 6.6% alcohol by volume
and 75mg of caffeine. In addition, there are several additional new flavors that
we will be announcing over the next several weeks.

Founder and President Jack Barreca states, "Since the initial conception we
concentrated on three crucial goals: to design a distinguished, progressive
beverage specifically for the adult market that would not be confused with the
Non-Alcoholic Energy Drink; to create flavor profiles that are extremely
palatable; and to offer a beverage with global momentum into the male and female
demographics alike. I feel that our end result has far exceeded our
expectations."

Mr. Gregory Bloom, President of Imagine stated, "We are extremely excited about
the possibility of acquiring JAKK`D and bringing its significant opportunities
to our shareholders."

If the acquisition is consummated, of which there can be no assurance, it is
expected that the Company will continue to trade on the NASD OTC BB, under the
symbol IMLE, until such time as a new symbol is assigned by FINRA.

SAFE HARBOR STATEMENT

Certain of the above statements contained in this press release are
forward-looking statements that involve a number of risks and uncertainties.
Such forward-looking statements are within the meaning of that term in Section
27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act
of 1934. Readers are cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and uncertainties, and that
actual results may differ materially from those indicated in the forward-looking
statements as a result of various factors.

Imagine Media, Ltd.
Gregory Bloom, President
(720) 364-5994

Copyright Business Wire 2010