CORRECTING and REPLACING: TM Entertainment and Media, Inc. Common Stock and Warrants to Trade Separately on November 14, 2007



    NEW YORK, November 14 /CNW/ - Headline and first graph, first sentence of
release should have the following date: November 14, 2007 (sted November 15,
2007).

    The corrected release reads:

    TM ENTERTAINMENT AND MEDIA, INC. COMMON STOCK AND WARRANTS TO TRADE
SEPARATELY ON NOVEMBER 14, 2007

    TM Entertainment and Media, Inc. (AMEX:   TMI.U) (the "Company") announced
today that Pali Capital, Inc., the representative of the underwriters for its
initial public offering of units consummated on October 23, 2007, has notified
it that commencing today, November 14, 2007, the holders of the Company's
units may separately trade the common stock and warrants included in such
units. The symbols for the common stock, warrants and units are TMI, TMI.WS
and TMI.U, respectively.

    The Company is a blank check company recently formed for the purpose of
acquiring, through a merger, stock exchange, asset acquisition or other
similar business combination, an unidentified operating business. The Company
is focused on identifying a prospective foreign or domestic target business
combination in the entertainment, media, digital or communications industries.
The Company's office is at 307 East 87th Street, New York, NY 10128.

    Any statements contained in this press release that do not describe
historical facts may constitute forward-looking statements as that term is
defined by the United States Private Securities Litigation Reform Act of 1995.
Any such forward-looking statements contained herein are based on current
expectations, but are subject to a number of risks and uncertainties that may
cause actual results to differ materially from expectations such as material
adverse events affecting the Company, the ability of Company to satisfy the
conditions to completion of the business combination and those other risks and
uncertainties detailed in the Company's filings with the Securities and
Exchange Commission.




For further information:

For further information: TM Entertainment and Media, Inc. Theodore S.
Green, Chairman. & Co-CEO or Malcolm Bird, Co-CEO 212-289-6942

Organization Profile

TM ENTERTAINMENT AND MEDIA, INC.

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