Sahara Media Holdings, Inc. Successfully Completes $10M in Private Placements and Archer Entertainment Media Communications Forms Division for Internet Content Acquisition and Distribution

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City of Industry, CA --(www.USEquityNews.com)-- 10/15/2008 - Entertainment industry alert provided by U.S. Equity News. Sahara Media Holdings, Inc. (OTCBB: SHHD), a company that recently acquired Sahara Media, Inc., a development stage multimedia company, announced that it and Sahara Media, Inc. have successfully completed private placements of securities for gross proceeds of $10,024,960. In private placements to accredited investors, each of which the Company has previously announced, the Company sold $9,924,960 of Units at a price of $125,000 per unit. Each Unit consisted of 100,000 shares of the Company's common stock and warrants to purchase 100,000 shares of the Company's common stock for $2.50 per share. If the warrants sold in the offerings are exercised for cash, the Company would receive an additional $19,850,000. Prior to the acquisition of Sahara Media, Inc. by the Company, Sahara Media, Inc. received gross proceeds of $100,000 from private placements of its common stock to an accredited investor. John Thomas Financial, Inc. acted as the exclusive investment banker.


Archer Entertainment Media Communications, Incorporated (OTC: AEMC) www.archeremc.com, (ISIN US039490107), revealed today the formation of a new division for Internet content acquisition and distribution. John Gelwicks, previously announced as Archer's President, Digital Entertainment unit, has been assigned to obtain what Archer's Asia audience most covets; entertainment content in an instantly downloadable form: DVDs MP3 and iPhone, iTouch, MP4, and short entertainment bytes for online and mobile. The Archer distribution network, launched in July 2008, is rising rapidly and attracts enough traffic to capitalize on this growth.

Lions Gate Entertainment Co-Chairman and Chief Executive Officer Jon Feltheimer has signed a new contract with the company through 2014. Feltheimer's previous contract ran through March 2011. "We are delighted to make this early decision to extend Jon's tenure as Co-Chairman and CEO until 2014, providing Lionsgate with extraordinary continuity as he and Michael Burns continue to grow the Company into one of the premier next generation studios," Co-Chairman Harald Ludwig said in a statement. According to a Securities and Exchange Comission filing, Feltheimer's salary will remain at $1.2 million, but, beginning Oct. 8, 2011, will increase based on increases in the Consumer Price Index for Los AngelesRiverside-Orange County.

Rentrak Corporation (Nasdaq: RENT) today announced the appointment of Brent Rosenthal to its board of directors, increasing the board's membership to seven. Rosenthal will serve as a member of the company's audit and finance committees.

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