Article: JAG Media Holdings, Inc. Announces Receipt of Letter from CryptoMetrics, Inc. Regarding No Further Extensions of Merger Agreement.

BOCA RATON, Fla., June 18 /PRNewswire-FirstCall/ -- JAG Media Holdings, Inc. (OTC Pink Sheets: JAGH) announced today that it received a letter from CryptoMetrics, Inc. this morning wherein CryptoMetrics informed the Company "that CryptoMetrics has decided not to extend the Automatic Termination Date [which last expired on April 30, 2008] and therefore the Merger Agreement has by its terms been terminated, and is void and of no force or effect..."

The Company is currently in discussions with other companies regarding alternative merger transactions.

A copy of the letter ...

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