Varsity Media Group Names John Andrews as President and Chief Executive

'Social Media Firm Appoints Seasoned CEO for Next Phase of Growth'

AUSTIN, Texas, Nov. 17 /PRNewswire/ -- Varsity Media Group, Inc. (VMG) announced that John Andrews has been named President and Chief Executive Officer. Andrews will also be a member of VMG's Board of Directors.

According to Kelly Hoffman, VMG's Chairman of the Board, "We are pleased to have John join us as our new President and CEO. He is a seasoned technology professional whose unique talent includes leadership successes as an entrepreneur and a number of Fortune 500 companies. John is an accomplished CEO who brings to VMG the valuable combination of strategic vision and operational expertise in a variety of industries. His talents are especially timely as we assimilate and take advantage of our recent merger with the Wireless Grids Corporation."

Andrews' experience in the information technology industry spans more than 25 years. Before joining VMG, Andrews was President and CEO of privately held Evans Data Corporation, a leading market research firm which provides strategic advice to Google, IBM, Intel, Nokia, Microsoft, RIM , Adobe and other industry leaders. Prior to Evans, Andrews, as President and CEO of Giga Information Group, led its sale to Forrester Research. Andrews also successfully led technology startup eMedSoft.com into a publicly traded company. His fortune 500 experience includes CSX Corporation, where as its Chief Information Officer he led it to national prominence as one of the leading global technology organizations with CIO Magazine naming CSX as one of the top IT Performers three years in a row. Additionally, Andrews was nominated CIO of the year by Information Week and selected by Internet Week as a recipient of its Visionary Award. Prior to CSX, Andrews held a number of executive positions at former telecommunication giant GTE Corporation, now known as Verizon. During his tenure with GTE he served as President of several subsidiaries which were Global Health Systems, National Government Systems and Global Telecommunications Services.

Andrews is currently serving on the Board of Directors of several privately held companies and on the Customer Advisory Board of Aladdin Knowledge Systems Ltd. Andrews holds a BA in Business Finance from Whitworth University and an MBA from University of Puget Sound.

According to Andrews, "VMG, with its acquisition of the Wireless Grids Corporation (WGC), is well positioned to exploit the vast opportunities that the complexity of managing the proliferation of heterogeneous devices, media and content presents in today's connected world. In other words, our software solution, based on a new wireless grids paradigm, will allow a consumer to manage and share his or her information with little or no effort."

About Varsity Media Group, Inc.

Varsity Acquisition Corporation, a wholly owned subsidiary of Varsity Media Group completed its acquisition of Wireless Grids Corporation (WGC), which was spun out of Syracuse University and its labs. The WGC software based solution is a next generation platform that transforms computer networking and wireless infrastructures (all devices) ability to interact seamlessly with little configuration. WGC has been widely recognized, including "One of the 9 Wireless Companies to Watch", Network World 2008. WGC is a part of the Intel Certified Partner Program, Nokia Academic Research Support Partner Program, an Academic Research Partner with Syracuse University, and an Academic Research Support Partner with the National Science Foundation (NSF).

    Company Contact:
    Amber Cassidy
    Varsity Media Group
    (512) 527-2500
    amber@varsitymediagroup.com

Safe Harbor Statement: Forward-Looking Statements

This press release contains certain "forward-looking statements". Such statements include statements relating to the recent strengthening of the leadership team of the company and other statements relating to future events or to the company's future financial performance and are not historical facts, including statements which may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Forward-looking statements are not guarantees of future performance are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the control of the company. Actual results may differ materially from the expectations contained in the forward-looking statements. More detailed information about the company and the risk factors that may affect the realization of forward-looking statements is set forth in the company's Private Placement Memorandum.. The company does not undertake to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

SOURCE Varsity Media Group Inc.