NEW YORK, November 14 /CNW/ - 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 on November
15, 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
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