EXHIBIT 99.1
                            JAG Media Holdings, Inc.

For Immediate Release:

Contacts:
Stephen J. Schoepfer, EVP & COO
JAG Media Holdings, Inc.
(888) 828-4174
steve@jagnotes.com

              JAG Media Holdings, Inc. Announces Status of Issuance
              of New Stock Certificates in Connection with Recapitalization

Boca Raton, FL, April 16, 2002 - JAG Media Holdings, Inc. (OTCBB: JGMAV)
announced today an update regarding the status of the issuance of its new JAG
Media Holdings, Inc. stock certificates in connection with the approved plan of
recapitalization. With respect to all registered stockholders who obtained
physical possession of their old JagNotes.com Inc. stock certificates and
transmitted those certificates to the transfer agent for exchange, the Company's
transfer agent has already issued the appropriate JAG Media Class A and Series 1
Class B certificates to such registered stockholders and commenced mailing these
certificates on Friday April 12th.

With respect to all beneficial owners who did not certificate their position in
JagNotes.com Inc. prior to the effectiveness of the recapitalization, brokers
should have submitted to the Company's transfer agent the name and address of
each beneficial owner and his share allocation. Upon receipt of such beneficial
owner lists the transfer agent will issue the appropriate JAG Media Class A and
Series 1 Class B certificates in the name of each beneficial owner, as required
by the approved plan of recapitalization and Uniform Practice Advisory (UPC #
043-2002) issued by NASDAQ on April 3, 2002.

Beneficial owners should contact their brokers to confirm that their names and
ownership interest in the Company are reflected on the beneficial owner lists
that have been submitted by their broker to the transfer agent. Any beneficial
owner whose name is not reflected on such list will not be issued a physical
certificate evidencing his interest in JAG Media Holdings, Inc., as required by
the approved plan of recapitalization.



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About JAG Media Holdings, Inc.

JAG Media Holdings, Inc. is a leading provider of Internet-based equities
research and financial information that offers its subscribers a variety of
stock market research, news, commentary and analysis, including "JAG Notes", the
Company's flagship early morning consolidated research product. The Company also
offers, through its wholly-owned subsidiary, JAG Company Voice LLC, its "Company
Voice" service which provides publicly traded companies with production services
and distribution for their corporate messages in streaming video/audio format.
The Company's websites are located at www.jagnotes.com and
www.thecompanyvoice.com.


Safe Harbor Statement - Certain statements made herein that are not historical
are forward-looking within the meaning of the Private Securities Litigation
Reform Act of 1995 and may contain forward-looking statements, with words such
as "Anticipate, "believe," "expect," "future," "may," "will," "should," "plan,"
"projected," "intend," and similar expressions to identify forward-looking
statements. These statements are based on the Company's beliefs and the
assumptions it made using information currently available to it. Because these
statements reflect the Company's current views concerning future events, these
statements involve risks, uncertainties and assumptions. The actual results
could differ materially from the results discussed in the forward-looking
statements. In any event, undue reliance should not be placed on any
forward-looking statements, which apply only as of the date of this press
release. Accordingly, reference should be made to the Company's periodic filings
with the Securities and Exchange Commission.

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