PRESS RELEASE

SOURCE: XRAYMEDIA Inc.

NEW YORK & VANCOUVER, British Columbia -- XRAYMEDIA Inc., (OTCBB:XRYM - News), is pleased to announce that the Company has successfully negotiated an exclusive media purchase agreement with an online casino provider. Although details of the agreement aren't available for release, the Company does expect to finalize the agreement within the next few days. The Company does expect to start processing cash media transactions from this new agreement beginning the 1st quarter of 2004. Details of the agreement are expected be released early next week.

Commenting on this new media purchase agreement, Raymond C. Dabney, XRAYMEDIA president & CEO, states, "As we prepare for our initial rollout of the national marketing campaign for the Live Media Marketplace v3.0 ("LMM") next Monday, December 22nd in Times Square, we are seeing growing interests from several registered cash buyers of media. This agreement will help us in our efforts to begin processing a constant flow of cash transactions. We are very pleased with the growing interest in our Live Media Marketplace technology, as well as our growing revenue-sharing joint ventures. The three revenue-sharing joint ventures that we have rolled out during this operating quarter are beginning to develop into significant cash flow operations. We have tremendous confidence going forward, with our business model, to begin showing positive cash flow as we continue to build on the momentum that has been established from our marketing campaigns. We are now preparing to substantially increase these marketing campaigns to a national level. The effects of these increased marketing programs will add tremendously to our bottom line in the very near term. I look forward to outlining our strategy, as well as the terms of this new media purchase agreement. We now are poised for substantial improvements on our cash flow projections as we begin to see positive cash flow and earnings."