Enjoy Media Expands Its Advertising Businesses by Acquisition of QiQi

HONG KONG--Oct. 2, 20055, 2005--Enjoy Media Holdings Limited (Pink Sheets:EJYM) announced today that it has signed a definitive agreement to acquire 100% of Guangzhou CheQing Network Technology Limited ("QiQi", www.QiQi.net). QiQi is an advertising and network marketing services company based in Guangzhou, China. The total consideration, US$500,000, is to be settled by common shares of Enjoy Media and is conditional upon certain financial performance and obligations by QiQi. The acquisition is intended to strengthen Enjoy Media's outdoor and digital media advertising businesses.

QiQi, a privately-held company in Guangzhou, China, manages a popular portal QiQi.net for car enthusiasts in southern China, with membership of over 60,000 private car owners. It regularly organizes automobile related recreations for its members such as private road trips and driving tours around China and Vietnam. During the organized road trips, the members' cars also act as outdoor mobile advertisement billboards. The company receives advertising income from clients such as petrol and oil companies, car dealers, automakers and other automobile services.

About Enjoy Media Holdings Limited

Enjoy Media is a media and advertising holding company based in Guangzhou, China. It provides a unique medium within its restaurant networks reaching the young urban and white-collar audience, in Chinese cities of Guangzhou, Shanghai, Beijing, and Shenzhen. It also has investments in other outdoor and digital advertising companies in China. Its advertising clients include: China Telecom, China Mobile, China Unicom, Wrigley, Siemens, Samsung, Dell, MTV, numerous other consumer brands, and real estate developers. For more information, please visit http://www.enjoymedia.com.

Forward looking statement

Certain information contained in these materials is "forward-looking" information, such as projections, estimates, pro formas, or statements of intentions, expectations or plans. All forward-looking information is subject to known and unknown risks and uncertainties, many of which are outside of the control of the company. Consequently, actual results may, and probably will, differ materially from the results contemplated in such forward-looking information.