relations with major hollywood studios.$$

Announcement Summary........has strong relationships with Hollywood studios..$$$$$$

http://www.emtcorp.com.au/aboutus_news.aspx

.“Strong relationships with hotel chains, all of the major Hollywood studios

.The significance of the transaction for EMT is undeniable and is the first step towards achieving its goal of becoming a major player worldwide in this sector

.GalaVu has a substantial sales pipeline for new hotel contracts in North America which EMT will be expanding upon further into the Asia Pacific and European markets.


·USD$1.5m acquisition;

·Net positive cash flow in excess of USD$80,000 per month;

·Less than 20 month payback period;

·Approximately 2,500 five star rooms & peripheral equipment for additional 2,500 rooms;

·Ongoing supply of Digital Video on Demand and High Speed Internet Access systems for North American market.

The Directors of Entertainment Media & Telecoms Corporation Limited ("EMT") today announced the
Company has successfully acquired the Hospitality Entertainment business of Verizon Select Services,
Inc., a wholly owned subsidiary of US Telecommunications giant Verizon Communications (NYSE:VZ).

The USD$1.5m deal contributes a net positive cash flow to EMT in excess of USD$80,000 per month from contracted hotel sites.

As the North American channel partner for General Dynamics, Verizon developed a digital video on demand system under the brand "VuScape." Approximately 2,500 rooms in several well-known, five-
star hotels across the United States are currently under contract for the VuScape service.

The EMT acquisition includes all Hotel contractual rights, the "VuScape" brand and trademark, equipment, assets and licences related to the ongoing supply and maintenance of Digital Video on
Demand (DVOD) and High Speed Internet Access (HSIA) for Hotel customers previously contracted to
Verizon Select Services, Inc.