Wireless Grids Corporation Invited to the WICAT Semi-Annual Review

AUSTIN, Texas, Nov. 2 /PRNewswire/ -- Varsity Media Group Acquisition Corp, a
wholly owned subsidiary of Varsity Media Group Inc., announced today its
Wireless Grids Corporation (WGC) has been invited to participate in the
Semi-Annual Wireless Internet Center for Advanced Technology (WICAT) Review
being held on November 19th and 20th, 2009 at the University of Virginia.
Industry members, collaborating Universities, and the National Science
Foundation (NSF) have discussed and agreed to formally extend an invitation to
both WGC, and the Syracuse University (SU) lab to attend this upcoming
members-only meeting, to begin to discuss ideas and issues for the Wireless
Grid Innovation Testbed (WiGiT).As we announced earlier in the month, WiGiT,
of which WGC is participating, was recently awarded a $600K grant by the NSF
Partnerships for Innovation (PFI) program. Academic institutions including,
University of Virginia, New York University's Polytechnic, Virginia Tech, and
Auburn University will also be presenting. Corporate partners include,
QUALCOMM, SRC, Agilent Technologies, Inc, Applied Signal Technology, Inc., BEA
Systems, Intel, Lockheed Martin, Motorola, Northrop Grumman, Tyco Electronics,
US Army Space and Terrestrial Communications Directorate to name a few.

Virginia Tech's Dr. Tamal Bose, co-Director of WICAT and co-PI for WiGiT,
said, "As Co-Director of WICAT, I am delighted that the innovative work of
Wireless Grids Corporation and the goals of the ambitious WiGiT project, which
I am proud to co-lead, will be shared with WICAT members."

Syracuse University Vice President for Research Gina Lee-Glauser said, "It is
truly a pleasure to see a company born at Syracuse University from an earlier
Partnerships for Innovation project, nurtured in the SU CASE incubator -
Wireless Grids Corporation - contributing its time and expertise to this new
Syracuse University - Virginia Tech - coordinated partnership for
innovation."

WICAT is a multi-university R&D center sponsored by the National Science
Foundation (NSF) under its program of Industry/University Cooperative Research
Centers (I/UCRC), of which there are about 40. Polytechnic University is the
lead institution in WICAT. The mission of WICAT is to collaborate with
industry research partners to create flexible, efficient, and secure wireless
networks that satisfy communication needs in businesses, in the home and in
the lives of individuals. WICAT researchers work closely with industrial
sponsors through the Industrial Affiliates Program. The research programs help
the sponsoring industries to increase the value of their investments in
wireless technology by providing them with insight into leading edge
technologies, and strategies for leveraging technology investments. WICAT was
initially established at Polytechnic University with support from the New York
State Office of Science, Technology and Academic Research (NYSTAR) in 2001.
Additional information regarding WICAT can be found by visiting
www.wicat.poly.edu as well as the NSF portal www.nsf.gov .

As we announced earlier in the month, Varsity Media Acquisition Corp completed
its merger with The Wireless Grid Corporation, which was spun out of Syracuse
University to commercialize the research concepts and intellectual property
produced in its labs. The WGC software based solution, is a next generation
application that transforms computer networking and wireless infrastructures
(all devices) ability to interact seamlessly with zero to little
configuration. WGC has been recognized as one of the '9 Wireless Companies to
Watch' (Network World, 8/2008).

Along with its four pending patents, WGC's planned software products will
allow devices to function interchangeably and some of the most recent
highlights include:

-- Intel® Certified Program Partner
-- Nokia - Academic Research Support Partner
-- Syracuse University - Academic Research Partner

-- National Science Foundation (NSF)- Academic Research Support Partner

VMG is also very close to finalizing several additional announcements as it
relates to leadership, product development and other significant
relationships. Upon successful business integration of WGC in the VMG
structures, VMG intends to continue its outreach and expand beta testing of
its software solution beginning late in 2009 and into early 2010 with
corporate and government agencies in the U.S., which could include
partnerships with Intel, Sprint, Newhouse/Brighthouse, Twitter, Qualcomm,
Clear Channel, National Science Foundation (NSF) and Syracuse Research
Corporation.

Company Contact:
Amber Cassidy
Varsity Media Group
(512) 527-2500
acassidy@varsitymediagroup.com

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SOURCE Varsity Media Group Inc.

Amber Cassidy of Varsity Media Group, +1-512-527-2500,
acassidy@varsitymediagroup.com