Financial Media Group, Inc. Completes Acquisition of WallStreet Direct, Inc.

January 11, 2005-- Irvine,  CA--Financial  Media Group,  Inc. (OTCBB:  FNGP), is
pleased to announce that it has completed the acquisition of WallStreet  Direct,
Inc., a multimedia provider of financial news, tools and information.

WallStreet  Direct,  Inc. owns  www.wallst.net,  a leading,  media-rich,  online
financial portal. In addition to www.wallst.net,  WallStreet Direct,  Inc. hosts
investment  conferences  and  seminars,  and  publishes a  newspaper  focused on
financial news and the company's exclusive content.

"The acquisition of WallStreet Direct is a significant milestone,  and a perfect
example  of the  type of  growth  orientated  acquisition  opportunities  we are
capitalizing  on," said Javan  Khazali,  Chief  Operating  Officer for Financial
Media Group, Inc. "The WallSt.net brand is already established in the investment
community.  We believe that this  acquisition  will greatly benefit  shareholder
value,  as we provide  WallStreet  Direct the  opportunities  of being part of a
public company."

About Wall Street Direct, Inc.

Wall Street Direct, Inc. owns www.wallst.net,  a leading online financial portal
featuring  news,  media and  financial  tools for  investors.  The company  also
organizes  investor  conferences for publicly traded companies,  and publishes a
print business newspaper under the name WallSt.net Digest.

This  press  release  contains   certain   forward-looking   statements.   These
forward-looking  statements,  which are  included  in  accordance  with the safe
harbor provisions of the Private  Securities  Litigation Reform Act of 1995, may
involve known and unknown risks,  uncertainties and other factors that may cause
actual results and performance in future periods to be materially different from
any future results or performance  suggested by the forward- looking  statements
in this press release.  Although we believe the  expectations  reflected in such
forward-looking statements are based upon reasonable assumptions, we can give no
assurance   that  actual   results  will  not  differ   materially   from  these
expectations.  From time to time, these risks,  uncertainties  and other factors
are discussed in our filings with the Securities and Exchange Commission.

Contact
Javan Khazali
Chief Operating Officer
Financial Media Group, Inc.
(949) 486- 1711