Released on = May 1, 2006, 11:15 pm

Press Release Author = Fernandez Capital LLC

Industry = Financial

Press Release Summary = Fernandez Capital LLC announced today a definitive agreement
to acquire a minority stake in MAF Omnimedia LLC, a privately held company that is a
leading global distributor of current news and event information in New York City.

Press Release Body = FOR IMMEDIATE RELEASE

Fernandez Capital to acquire stake in MAF Omnimedia

NEW YORK, NY - MAY 2, 2006

Fernandez Capital LLC announced today a definitive agreement to acquire a minority
stake in MAF Omnimedia LLC, a privately held company that is a leading global
distributor of current news and event information in New York City. Terms of the
deal were not disclosed.

MAF Omnimedia will operate as a separate entity from Fernandez Capital. MAF
Omnimedia\'s management team will remain in place and the company\'s day-to-day
operations will not be affected by the ownership change.

Carlos T. Fernandez, Fernandez Capital chief executive officer, said that \"MAF
Omnimedia fits the firm\'s investment criteria and extraordinary leadership potential
omnipresent in our portfolio.\"

\"MAF Omnimedia is a company that fits our investment criteria perfectly. Its profile
is comprised of an experienced management team and we believe it is positioned for
significant growth and has tremendous industry leadership potential\" said Fernandez.
\"Among MAF Omnimedia\'s current products and services is ReachNYC.com. This online
community portal will play an integral role in connecting the residents and visitors
of this city with its businesses at large,\" Fernandez added.

\"MAF Omnimedia has built its own niche in the area of Marketing. Fernandez Capital
will guide us on our clearly defined task of reaching out and befriending every
single New Yorker through our service: ReachNYC.com. Literally.,\" said Miguel A.
Fermin, who founded MAF Omnimedia, and is the company\'s chairman and chief executive
officer. \"Fernandez Capital is committed to providing a supportive environment that
will allow MAF Omnimedia to continue to expand in its markets and to take advantage
of emerging opportunities.\"

About Fernandez Capital:

Fernandez Capital LLC is a private investment firm that invests in extraordinary
entrepreneurs and promising companies that are currently in the early stages of
business. The firm\'s industry focus is on traditional media, new media, and Internet
business services. It is a limited liability corporation formed in the state of
Delaware of the United States with principal offices located in New York City.

About MAF Omnimedia:

MAF Omnimedia LLC was founded by chairman and chief executive officer Miguel A.
Fermin. It is a Delaware LLC with offices in New York City.

MAF Omnimedia is intertwined to the lives of people with its ReachNYC.com service.
It is a staple in not only their homes, but also in their daily progress and outdoor
liveliness. ReachNYC.com hopes to serve as New York\'s second voice, behind its
political representatives and public servants. The company achieves this by
providing web-based news and event information to its devoted readers throughout New
York City and other parts of the United States.

Contact: Public Relations
Company Name: Fernandez Capital LLC
Email Address: fernandezcapital@hotmail.com
Web site address: http://www.fernandezcapital.com
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Web Site = http://www.fernandezcapital.com

Contact Details = Contact: Public Relations
Company Name: Fernandez Capital LLC
Email Address: fernandezcapital@hotmail.com
Web site address: http://www.fernandezcapital.com