BROADBAND MEDIA COMPANY AMARU, INC. ANNOUNCES OVER $9 MILLION IN FUNDING RAISED SINCE Q4 2004

Company Drives Expansion Under M2B Brand; New Offices Expected in Canada and UK

Hollywood, CA /Singapore- June 22nd, 2005 – US-based Amaru, Inc., a Nevada corporation  (AMRU), announced that since October 2004 it has raised $9,424,000USD in equity through the sale of its common stock to private accredited investors only. Amaru, Inc. raised $2,020,000 in Q4 2004 and $7,404,000 during the period from February 2005 to June 2005. The Company believes that it was able to quickly raise the funds in private placement as a result of increased investor confidence, as the Company and its subsidiaries under the M2B brand continue to make significant inroads into both the Asian and American consumer markets by securing strategic partnerships in the areas of content aggregation, product distribution and key marketing alliances. The Company sold a total of 700,000 shares of its common stock in Q4 2004 and 2,468,000 shares in 2005 between February and June.  The proceeds from the private placements are intended to be used towards the continued expansion of the Company under its M2B brand, amongst other uses.

Amaru, Inc., a Nevada corporation, is the parent company for several wholly-owned subsidiaries including; M2B World, Inc., a California corporation based in Hollywood, CA which was developed with a focus on the US market; M2B World Pte Ltd, which serves the Asian markets and operates out of offices in Singapore and Shanghai, China; and M2B Australia Pty Ltd. In addition, Amaru, Inc owns M2B Commerce Limited, which specializes in e-commerce and e-trading, M2B World Travel Limited which offers e-travel services, M2B Game World Pte Ltd which is rapidly securing gaming content and distribution deals worldwide; and Amaru Holdings which handles content syndication and distribution.  Amaru, Inc. expects to launch M2B offices in both Canada and the United Kingdom by the end of 2005.

Amaru, Inc., through its subsidiaries under the M2B brand, specializes in expanding broadband entertainment by creating opportunities for consumers to create their own comprehensive personalized media experiences, thereby meeting the demands of today’s consumers who are increasingly seeking entertainment choices that are available upon demand.

 
About Amaru Inc. (AMRU) and M2B
Amaru, Inc., a Nevada corporation, through its subsidiaries under the M2B brand, is a leader in the Broadband Media Entertainment business, and a major provider of interactive Entertainment-on-demand, Education-on-demand and e-commerce streaming over Broadband channels, Internet portals, and 3G devices. To date, the Company has launched multiple Broadband TV websites for Hollywood and Asian entertainment, education and online shopping, with over 100 channels designed to cater to various consumer segments and lifestyles. Its content covers diverse genres such as movies, dramas, comedies, documentaries, music, fashion, lifestyle, edutainment, and more. The M2B brand has established its competitive edge by offering access to an expansive range of content libraries for aggregation, distribution and syndication on Broadband and other media; including rights for merchandising, product branding, promotion and publicity.
Globally, Amaru Inc and M2B are expanding through several integrated companies including:
1. M2B World Inc – leads the US market and is based in Hollywood, CA.
2. M2B World Pte Ltd – directs the Asian markets through its Singapore office and representative office in Shanghai, China
3. M2B Australia Pty Ltd – oversees Oceania markets
4. M2B Entertainment Inc. – oversees Canadian market
5. M2B Commerce Limited – focuses on e-commerce and e-trading
6. M2B World Travel Limited - offers e-travel services
7. M2B Game World Pte Ltd – develops online gaming platforms and content
8. M2B Commerce Ltd (Cambodia) – oversees Cambodian market
9. Amaru Holdings – drives content syndication and distribution
M2B offers consumers personalized entertainment through its wide range of broadband streaming channels available at www.m2bworld.com.
 
Safe Harbor Act
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control. For full statement, please refer to www.m2bworld.com
 

<< Back