TORONTO - November 13, 2007 - b5media, a global new media network, is pleased to announce the appointment of Salim Teja as the company's chief operating officer. With over 15 years of operational experience, Mr. Teja brings a great depth of knowledge on business development and corporate strategy as well as invaluable technology industry expertise to b5media.

"With Salim's background and proven success, I am thrilled to have him on our team and confident that he will help accelerate b5media's plans for future growth," said Jeremy Wright, president and chief executive officer of b5media.

Over the past four years, Mr. Teja has been a partner with Brightspark Ventures, a leading early-stage venture fund. Prior to joining Brightspark, he was entrepreneur-in-residence with Mosaic Venture Partners, where he focused on investment opportunities in the areas of Internet security, communications and electronic commerce.

Mr. Teja joined Mosaic Venture Partners after three years as co-founder and vice president of sales and business development for MobShop Inc., a pioneer in procurement software. His depth of experience also includes senior roles with MSI Consulting Group (a WPP Company) and IBM.

"b5media has seen remarkable success over the past few years and I am delighted to join this great team," said Mr. Teja. "The opportunity for further growth as a leading media property is tremendous and I look forward to being a part of b5media's exciting future."