TARZANA, Calif., June 18 /PRNewswire-FirstCall/ -- Fortune Market Media, Inc. (Pink Sheets: FTMK) announced today that it has entered into a non-binding term sheet to acquire a 25% stake in Fly Open Sky for $1 million. Post due diligence and upon closing, the Company will issue to Fly Open Sky the amount of shares represent $750,000 of its common shares, based on average price of the shares 10 days prior of actual issuing, plus $250,000 cash. This potential acquisition may enhance FTMK's current assets.

Fly Open Sky developing the Etrip concept, a platform for online travel price comparison that aims to answer consumer's desire for a neutral price comparison. The key to the platform is that the revenue model is not reliant on compensation from carriers to be profitable. This will enable the platform to gain access to pricing from all carriers and one stop shopping for buyers. The company's President commented, "In addition to the revenue possibilities of this site when up and running, this will provide an excellent platform for future additional related products."

Closing of the transaction is scheduled for mid July 2009, and contingent upon full satisfaction of the due diligence process, per the Company sole decision.

No relationship exists between Sellers and the Company and/or its affiliates, directors, officers or any associate of an officer or director.

About: Fly Open Sky

Fly Open Sky is a software developer platform under work, for the online travel market. The founders had developed a travel price comparison platform that allows for neutral price comparison of all carriers with a sustainable revenue model. The company is currently focus on developing the search engine for the European travel market but is preparing to expand to the US Market.

About: Fortune Market Media

Fortune Market Media (FMM) is a diversified media and communication corporation servicing public and private companies with our turn-key media solutions. FMM is the leader in creating original programming for interactive media online, mobile, traditional print, radio and TV. FMM powerhouse production team allows it to create original programming that will reach targeted audience. FMM helps build businesses organically by connecting their brands with their desired demographic.

Safe Harbor Act: This release may contain 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

SOURCE Fortune Market Media, Inc.