Former Forbes Publisher Joins NewsMax

"Jeff Cunningham is one of the top media professionals in America," Lord William Rees-Mogg, chairman of NewsMax Media Inc., said, adding, "He also has the experience and understanding and success with new media that few can claim. We are honored to have him join our advisory board."

"I have been builder of media brands of all forms and stripes for 25 years and the NewsMax business model is among the best examples I have seen of a true convergence of digital and traditional media," Jeff Cunningham said. "Chris Ruddy and his formidable team of colleagues are building a significant consumer brand for the coming era."

Mr. Cunningham is one of the most successful media players in the country.

During an 18-year career at Forbes, Mr. Cunningham helped bring the publication to its leading position among U.S. magazines. In 1995, Mr. Cunningham was named Publisher of the Year.

In 1998, Mr. Cunningham became a major player in new media and new economy businesses, and served as president of CMGI Inc.'s Internet Media Group, overseeing a portfolio of more than 70 companies.

Last year, Mr. Cunningham joined Schroder Partners Fund LLP as Senior Managing Director. Schroders is an early stage venture fund that invests in enterprise technology and eBusiness infrastructure providers. Under Mr. Cunningham's management the fund has witnessed a 74 percent increase in its net asset valuation. Mr. Cunningham is currently founder and chairman of Corvida Holdings, a private venture investment and advisory firm focused on media and technology companies.

"It's a sign of our success that NewsMax continues to attract individuals of the caliber of Jeff Cunningham, who believe in our vision and consider our business model to be strong," Christopher Ruddy, President & CEO of NewsMax Media, said.

Newsmax Media Inc. is a media publishing company best known for its major news portal, NewsMax.com, on the World Wide Web. In February, Yahoo magazine said the company's site is among the "hottest" on the Web and Wired News says NewsMax's "popularity has skyrocketed." Founded in September 1998, the company has seen a tremendous growth in its viewership, and its offline magazine has more than 150,000 paid readers each month. The company has focused its business model on an integrated approach between online and offline publishing and direct sales.

Mr. Cunningham will join NewsMax's distinguished advisory board, which includes General Alexander M. Haig Jr., former Secretary of State; Robert Lohman, a former IBM executive; Nigel Evans, vice chairman of Britain's Conservative Party; Yonghao Pu, former chief economist of the Bank of China, now Senior Economist at Nomura Securities; former U.S. congressmen John LeBoutillier and Dan Frisa, and several others. The company's Board of Directors, in addition to Mr. Ruddy and Lord Rees-Mogg, includes journalist Arnaud de Borchgrave, Dallas businessman Michael Ruff, publisher James Dale Davidson and Adm. Thomas Moorer, former chairman of the Joint Chiefs.

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For additional info contact Craig Geisler at investor relations: craig@newsmax.com