Med Gen Inc. Completes Acquisition of Distribution Company

HOLBROOK, N.Y., May 18 /PRNewswire-FirstCall/ -- Med Gen Inc. (Pink Sheets: MDIN), today announced that it has completed the asset acquisition of TSM Holdings, a book distribution company that sells various types of books through partnerships with amazon.com, barnesandnoble.com, and other additional popular outlets. The company has been renamed Global Media Online, Inc. and is now a wholly owned subsidiary of Med Gen Inc.

"We basically bought a scalable infrastructure that offers us a steady revenue stream and predictable profit margins to offset the variable and cyclical revenue of the Business Brokerage. TSM has all the features necessary for us to make an affordable acquisition that can be ramped up very quickly," stated Raymond Barton, Med Gen Inc.'s CEO.

Med Gen Inc. entered into a lease agreement and has taken possession of an approximately 2000 sq. ft. warehouse just a mile from the corporate offices to accommodate the expected rapid increase of the currently modest inventory of Global Media Online, to a considerably larger amount. The company plans to increase Global Media Online's 5000 titles to as much as 100,000 titles in the very near future. The company is also considering the distribution of other items such as DVD's, electronics and toys.

Further details will be covered in the company's financial filings as soon as they become available. Investors are encouraged to visit the CEO's Blog and company message board at www.medgeninc.com for future news and information regarding the company's progress.

Med Gen Inc. is a next generation holding company aimed at dominating several industries and diversifying it's holdings through acquisition and revenue generating subsidiaries. The company currently runs NorthStar Business and Property Brokers, Inc. a wholly owned subsidiary in the Business Brokerage industry.

SOURCE Med Gen Inc.