SNM Global Holdings Completes Joint Venture to Develop Social Media Network; Launch Online Magazine

SNM Global Holdings Inc. (Pink Sheets:SNMN) announced today a joint venture with High Speed Magazine and its editor “DJ” Foothill to develop a social media network and launch an online magazine.

The new entity will be an online social media community that will include an online magazine, a reality television program, interactive entertainment tools and the development of partnerships with other social networking sites.

The company will launch an online sports and entertainment magazine with emphasis on upcoming athletes and entertainers. SNM will launch the online site with a limited VIP hard copy run in the first quarter of 2010.

"Along with the publisher of High Speed Magazine – LGN Entertainment – we are already searching for new artists and athletes to be featured in the first issue,” according to SNM Global Holdings President Steve Lane. “Together, we will also explore My Space bands and independent artists on other sites,” he said.

"Bringing ‘DJ’ Foothill from High Speed Media and High Speed Magazine onboard is a sound idea since he is a seasoned pro and will oversee and manage the project from his West Coast operations,” Lane pointed out.

The joint venture plans to expand to additional locations, including New York, Orlando, and a site in South Florida to be selected later.

About High Speed Magazine

High Speed Magazine is the first publication with the sole purpose of promoting up-and-coming role models by merging the best elements of the popular men's interest genres concerning automotive, celebrity and entertainment. More about High Speed Magazine: www.myspace.com/highspeedmagazine and www.twitter.com/HighSpeedMag

The magazine is currently a digital publication and is slated to return to print in January 2010. The success of High Speed Magazine is due to the unconventional nature of “DJ” Foothill's vision and creatively tactical execution.

About LGN Entertainment Distribution Inc.

LGN Entertainment was established in 2002 focusing on the rich vein of independent urban music and providing those artists with a distribution option. Since then, LGN has developed a strong distribution network both regionally and nationally to provide services to a broad range of accounts and regions, both in digital and physical format.

SNM Global Holdings is a business development company that specializes in the development and distribution of content with strong support and promotional strategies in the sports, entertainment and technology industries. Services include the promotion of sporting and entertainment live events; delivery of content via web broadcast, cable, television, radio, new media technology/social networking; and pay-per-view events. More about SNM Global: www.twitter.com/snmglobal

(Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause results to differ materially from those expressed in the forward-looking statements, including but not limited to certain delays and risks detailed from time to time in the company filings with the Securities and Exchange Commission.)

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