LOS ANGELES, March 27 /PRNewswire-FirstCall/ -- Santa Monica Media Corporation (NYSE Alternext US: MEJ, MEJ.U, MEJ.WS) ("SMMC"), a special purpose acquisition company (SPAC) that completed its IPO in April 2007, had previously filed a preliminary proxy statement with the Securities Exchange Commission ("SEC") relating to a special meeting of its stockholders scheduled for April 1, 2009. The Company announced today that it has withdrawn the proxy, canceled the shareholder meeting and will be adopting a plan of dissolution and liquidation. About Santa Monica Media Corporation Santa Monica Media Corporation is a blank check company organized for the purpose of acquiring through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination one or more operating businesses in the communications, media, gaming and/or entertainment industry. DATASOURCE: Santa Monica Media Corporation CONTACT: Kurt Brendlinger, CFO of Santa Monica Media Corporation, +1-310-526-3222, Fax, +1-310-571-0755

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