-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 NCaRUV0mxAWLI2ikWcEVHAqpvJBrfkVx2NceK7Nw/yC2m8PTWPivpP6dKC/vFG4T
 vFIur2i8TmrmCAkyb+iIiA==

<SEC-DOCUMENT>0001299933-10-002092.txt : 20100524
<SEC-HEADER>0001299933-10-002092.hdr.sgml : 20100524
<ACCEPTANCE-DATETIME>20100524162227
ACCESSION NUMBER:		0001299933-10-002092
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20100524
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20100524
DATE AS OF CHANGE:		20100524

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Searchmedia Holdings Ltd
		CENTRAL INDEX KEY:			0001460329
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-ADVERTISING [7310]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			AZ
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-158336
		FILM NUMBER:		10854175

	BUSINESS ADDRESS:	
		STREET 1:		1990 S. BUNDY BLVD.
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90025
		BUSINESS PHONE:		310-694-8150

	MAIL ADDRESS:	
		STREET 1:		1990 S. BUNDY BLVD.
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90025

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ID ARIZONA CORP.
		DATE OF NAME CHANGE:	20090330
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>htm_37745.htm
<DESCRIPTION>LIVE FILING
<TEXT>
<!-- CoverPageHeader start -->
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 3.2//EN">
<HTML>
<HEAD>
<TITLE> SearchMedia Holdings Limited (Form: 8-K) </TITLE>
</HEAD>
<BODY TEXT="#000000" BGCOLOR="#FFFFFF" ALINK="#0000FF" HLINK="#FF0000" VLINK="#800080">
<!-- Comment1 -->
<A NAME="DOCUMENT_TOP">&nbsp;</A>
<P>
<!-- CoverPageHeader end --><!-- CoverPageTitle START -->
<A NAME="DOCUMENT_TOP">&nbsp;</A>
<HR NOSHADE>
<P>
<P ALIGN="CENTER">
<FONT SIZE="4">
		UNITED STATES<BR>
	SECURITIES AND EXCHANGE COMMISSION
</FONT>
<BR>
<FONT SIZE="2">
	WASHINGTON, D.C. 20549
</FONT>
<P ALIGN="CENTER">
<FONT SIZE="5">
	FORM 8-K
</FONT>
<FONT SIZE="2">

</FONT>
</P>
<P ALIGN="CENTER">
<FONT SIZE="3">
	CURRENT REPORT
</FONT>
</P>
<P ALIGN="CENTER">
<FONT SIZE="2">
	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
</FONT>
</P>
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
<TR VALIGN="BOTTOM">
<TD WIDTH="51%">
	&nbsp;
</TD>
<TD WIDTH="5%">
	&nbsp;
</TD>
<TD WIDTH="44%">
	&nbsp;
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	Date of Report (Date of Earliest Event Reported):
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	May 24, 2010
</FONT>
</TD>
</TR>
</TABLE>
<BR>
</CENTER>
<!-- CoverPageTitle END --><!-- CoverPageRegistrant START -->
<P ALIGN="CENTER"><!-- -->
<FONT SIZE="6">
	SearchMedia Holdings Limited
</FONT>
<FONT SIZE="2">
<BR>__________________________________________<BR>
	(Exact name of registrant as specified in its charter)
</FONT>
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
<TR VALIGN="BOTTOM">
<TD WIDTH="33%">
	&nbsp;
</TD>
<TD WIDTH="34%">
	&nbsp;
</TD>
<TD WIDTH="33%">
	&nbsp;
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	Cayman Islands
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	001-33800
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	77-0688094
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
_____________________<BR>
	(State or other jurisdiction
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
_____________<BR>
	(Commission
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
______________<BR>
	(I.R.S. Employer
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	of incorporation)
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	File Number)
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	Identification No.)
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	15A Zhao Feng Universe Building, 1800 Zhong Shan Xi Lu, Shanghai, China,
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	200235
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
_________________________________<BR>
	(Address of principal executive offices)
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
___________<BR>
	(Zip Code)
</FONT>
</TD>
</TR>
</TABLE>
</CENTER>
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">

<TR VALIGN="BOTTOM">
<TD WIDTH="51%">
	&nbsp;
</TD>
<TD WIDTH="5%">
	&nbsp;
</TD>
<TD WIDTH="44%">
	&nbsp;
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	Registrant&#146;s telephone number, including area code:
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	86-2164403190
</FONT>
</TD>
</TR>
</TABLE>
</CENTER>
<P ALIGN="CENTER">
<FONT SIZE="2">
	Not Applicable
<BR>______________________________________________<BR>
	Former name or former address, if changed since last report
</FONT>
<P ALIGN="CENTER">
<FONT SIZE="2">
	&nbsp;
</FONT>
<!-- CoverPageRegistrant END --><P><FONT SIZE="2">
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:</FONT>
</P>
<P><FONT SIZE="2">
[&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
</P></FONT><!-- PageBreak START -->
<P>
<HR NOSHADE>
<DIV ALIGN="LEFT" STYLE="PAGE-BREAK-BEFORE:ALWAYS">
<A HREF="#DOCUMENT_TOP">
<U>
<B>
<FONT SIZE="2">Top of the Form</FONT>
</B>
</U>
</A>
</DIV>
<!-- PageBreak END --><!-- Item START -->
<P ALIGN="LEFT">
<FONT SIZE="2">
<B>
	Item 2.02 Results of Operations and Financial Condition.
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
On May 24, 2010, SearchMedia Holdings Limited issued a press release to announce preliminary unaudited financial results for the quarter ended March 31, 2010.  A copy of the press release is incorporated herein by reference and furnished as Exhibit 99.1 to this report.
</FONT>
</P>
<!-- Item END -->
<BR><BR><BR><BR><!-- Item START -->
<P ALIGN="LEFT">
<FONT SIZE="2">
<B>
	Item 9.01 Financial Statements and Exhibits.
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
(d) Exhibits<br><br>99.1 Press Release dated May 24, 2010.
</FONT>
</P>
<!-- Item END -->
<BR><BR><BR><BR><P ALIGN="LEFT" STYLE="FONT-SIZE: 10PT"></P><!-- PageBreak START -->
<P>
<HR NOSHADE>
<DIV ALIGN="LEFT" STYLE="PAGE-BREAK-BEFORE:ALWAYS">
<A HREF="#DOCUMENT_TOP">
<U>
<B>
<FONT SIZE="2">Top of the Form</FONT>
</B>
</U>
</A>
</DIV>
<!-- PageBreak END --><!-- SignatureHeader START -->
<P ALIGN="CENTER">
<FONT SIZE="2">
<B>
	SIGNATURES
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
	Pursuant to the requirements of the Securities Exchange Act of 1934, the
	registrant has duly caused this report to be signed on its behalf by the
	undersigned hereunto duly authorized.
</FONT>
</P>
<!-- SignatureHeader END --><!-- Signature START -->
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
<TR VALIGN="BOTTOM">
<TD WIDTH="19%">
	&nbsp;
</TD>
<TD WIDTH="34%">
	&nbsp;
</TD>
<TD WIDTH="3%">
	&nbsp;
</TD>
<TD WIDTH="1%">
	&nbsp;
</TD>
<TD WIDTH="43%">
	&nbsp;
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD COLSPAN="3" VALIGN="TOP" ALIGN="LEFT">
<FONT SIZE="2">
	SearchMedia Holdings Limited
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
<I>
	May 24, 2010
</I>
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	By:
</I>
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	Paul Conway
</I>
<BR>
</FONT>
</TD>
</TR>
<TR>
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<HR SIZE="1" NOSHADE>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	Name: Paul Conway
</I>
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	Title: Chief Executive Officer
</I>
</FONT>
</TD>
</TR>
</TABLE>
</CENTER>
<!-- Signature END --><!-- PageBreak START -->
<P>
<HR NOSHADE>
<DIV ALIGN="LEFT" STYLE="PAGE-BREAK-BEFORE:ALWAYS">
<A HREF="#DOCUMENT_TOP">
<U>
<B>
<FONT SIZE="2">Top of the Form</FONT>
</B>
</U>
</A>
</DIV>
<!-- PageBreak END --><P ALIGN="CENTER">
<FONT SIZE="2">
	Exhibit&nbsp;Index
</FONT>
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="60%">
<TR VALIGN="BOTTOM">
<TD WIDTH="8%">
	&nbsp;
</TD>
<TD WIDTH="15%">
	&nbsp;
</TD>
<TD WIDTH="77%">
	&nbsp;
</TD>
</TR>

<BR>
<TR VALIGN="BOTTOM">
<TD NOWRAP ALIGN="LEFT">
<FONT SIZE="1">
<B>
	Exhibit No.
</B>
</FONT>
</TD>
<TD>
<FONT SIZE="1">
	&nbsp;
</FONT>
</TD>
<TD NOWRAP ALIGN="LEFT">
<FONT SIZE="1">
<B>
	Description
</B>
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD NOWRAP ALIGN="CENTER">
<HR SIZE="1" NOSHADE>
</TD>
<TD>
<FONT SIZE="1">
	&nbsp;
</FONT>
</TD>
<TD NOWRAP ALIGN="CENTER">
<HR ALIGN="LEFT" SIZE="1" WIDTH="88%" NOSHADE>
</TD>
</TR>





<TR VALIGN="BOTTOM">
<TD VALIGN="TOP" WIDTH="8%" nowrap>
<FONT SIZE="2">
<DIV ALIGN="LEFT">
	99.1
</DIV>
</FONT>
</TD>
<TD WIDTH="15%">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP" WIDTH="77%">
<FONT SIZE="2">
Press Release Dated May 24, 2010
</FONT>
</TD>
</TR></TABLE></CENTER><!-- HTMLFooter START -->
</BODY>
</HTML>
<!-- HTMLFooter END -->
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit1.htm
<DESCRIPTION>EX-99.1
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 3.2//EN">
<HTML>
<HEAD>
<TITLE> EX-99.1 </TITLE>
</HEAD>
<BODY TEXT="#000000" BGCOLOR="#FFFFFF" ALINK="#0000FF" HLINK="#FF0000" VLINK="#800080">

<BODY style="font-family: 'Times New Roman',Times,serif">


<P align="left" style="font-size: 10pt"><FONT style="font-size: 10pt"><B>Exhibit&nbsp;99.1</B>
</FONT>

<P align="center" style="font-size: 10pt"><FONT style="font-size: 12pt"><B>SearchMedia Announces First Quarter 2010 Preliminary Unaudited Financial Results</B></FONT>



<P align="left" style="font-size: 12pt"><FONT style="font-size: 10pt">Shanghai, China, May&nbsp;24, 2010 &#151; SearchMedia Holdings Limited (&#147;SearchMedia&#148; or the &#147;Company&#148;)
(NYSE Amex: IDI, IDI.WS), one of China&#146;s leading nationwide multi-platform media companies, today
provided preliminary unaudited financial results for the first quarter 2010 and an operational
update.
</FONT>

<P align="left" style="font-size: 10pt">Paul Conway, Chief Executive Officer, commented, &#147;We are pleased with the progress that we made in
the 2010 first quarter and into the 2010 second quarter. Because of the operational issues
discovered earlier in the year, we continue to work towards finalization of our financial
statements and filing of our 2009 Form 10-K and 2010 first quarter Form 10-Q, while we focus on
growing the business in a prudent manner. On May&nbsp;5, 2010, we submitted our plan of compliance to
the NYSE Amex for their review with the goal of filing our 2009 Form 10-K within the NYSE Amex
compliance deadline of July&nbsp;21, 2010.&#148;


<P align="left" style="font-size: 10pt">&#147;We have several transactions in progress that will create additional long-term revenue
opportunities, diversify our service suite in China&#146;s media sector, and enhance our national
presence. The previously announced acquisition of another profitable billboard company continues to
work its way through the government approval process and we expect it to close in the 2010 second
quarter. We also signed a one-year cooperation agreement to provide bus advertisements which will
begin delivering revenue contribution in the 2010 second quarter. Our pipeline for significant new
concession and acquisition opportunities continues to grow. We intend to continue to pursue
accretive opportunities in China&#146;s growing outdoor advertising sector as we look for additional
means to enhance our revenues, reduce costs and increase profitability.


<P align="left" style="font-size: 10pt">&#147;In addition, we have entered into multi-year agreements with two additional subsidiaries for a
total of five this year which provide further incentives to subsidiary management to focus on
long-term performance goals. We have made progress with management of our other subsidiaries for
similar arrangements, as well.&#148;


<P align="left" style="font-size: 10pt"><B>Preliminary Unaudited Financial Results</B>


<P align="left" style="font-size: 10pt">For the 2010 first quarter, the Company anticipates $13&nbsp;million in revenue and approximately $1
million in net income.


<P align="left" style="font-size: 10pt">Revenue was driven primarily by our existing billboard and transit businesses. Revenue in the 2010
first quarter did not benefit from our announced billboard acquisition or new bus concession.


<P align="left" style="font-size: 10pt">Net income was driven by continued profitability of our billboard and transit businesses, which was
partially offset by losses from the Shanghai Jingli in-elevator business and corporate overhead
costs.


<P align="left" style="font-size: 10pt">As of March&nbsp;31, 2010, the Company had approximately $22&nbsp;million in cash and cash equivalents, and
approximately 20.7&nbsp;million basic common shares outstanding. During the first quarter, cash of
approximately $4&nbsp;million was utilized as part of the previously announced share and warrant buyback
program.


<P align="left" style="font-size: 10pt">For comparative purposes, the Company intends to release 2009 quarter by quarter results in its
Annual Report on Form 10-K.


<P align="left" style="font-size: 10pt">Speaking about the preliminary financial results, Wilfred Chow, Chief Financial Officer said, &#147;The
Company was able to deliver positive net income during the 2010 first quarter in spite of the usual
seasonality in the industry where the first quarter is traditionally the slowest quarter of the
year. Net income was achieved through tighter cost controls, the Shanghai Jingli elevator business
operating at a lower loss when compared with last year and no significant financial write-offs in
the first quarter of 2010.


<P align="left" style="font-size: 10pt">Paul Conway continued, &#147;Our business was profitable in the 2010 first quarter, however, there were
two primary items that adversely affected the revenue performance of the overall company. The
Company&#146;s Shanghai Jingli in-elevator business experienced a bottoming-out during the first quarter
of 2010 due to the restructuring effort we implemented at the business and stricter credit
procedures prior to accepting new clients. We believe the scalability of the in-elevator business
remains an attractive growth prospect and expect the business to become profitable in the 2010
third quarter. Also, one of our subsidiaries had some delays in certain advertising campaigns
which resulted in the recognition of these revenues in the 2010 second quarter.


<P align="left" style="font-size: 10pt">&#147;Our outdoor billboard and transit businesses remain solid, with our subsidiaries delivering
approximately $3&nbsp;million in net income in the first quarter, which excludes Shanghai Jingli and
corporate expenses. We remain confident of the growth prospects of our businesses for the full
year. Furthermore, during the course of the second quarter we have seen greater deployment of 2010
advertising budgets from our clients.


<P align="left" style="font-size: 10pt">&#147;With the anticipated business developments including new contracts, additional concessions and
expected acquisition closings we remain confident in our ability to achieve revenue of
approximately $85&nbsp;million and net income of approximately $18&nbsp;million for the full year 2010.&#148;


<P align="left" style="font-size: 10pt"><B>Conference Call</B>
<BR>
The Company will host a conference call on Tuesday, May&nbsp;25, 2010 at 8:30 AM U.S. Eastern Time to
discuss preliminary first quarter 2010 results and provide an operational update. Listeners may
access the call by dialing 1-877-407-9039 for domestic callers and 1-201-689-8470 for international
callers.


<P align="left" style="font-size: 10pt">The telephone replay will be available on the day of the call at 1-877-660-6853 for domestic
callers and 1-201-612-7415 for international callers, Account: 3055; Conference ID: 351223, and
continue to be available through Tuesday, June&nbsp;1, 2010.


<P align="left" style="font-size: 10pt"><B>About SearchMedia</B>
<BR>
SearchMedia is a leading nationwide multi-platform media company and one of the largest operators
of integrated outdoor billboard and in-elevator advertising networks in China. SearchMedia
currently operates a network of over 1,500 high-impact billboards with over 500,000 square feet of
surface display area and one of China&#146;s largest networks of in-elevator advertisement panels
consisting of approximately 125,000 frames in 50 cities throughout China. Additionally,
SearchMedia operates a network of large-format light boxes in concourses of eleven major subway
lines in Shanghai. SearchMedia&#146;s core outdoor billboard and in-elevator platforms are complemented
by its subway advertising platform, which together enable it to provide a multi-platform, &#147;one-stop
shop&#148; services for its local, national and international advertising clients.


<P align="left" style="font-size: 10pt"><B>Forward-Looking Statements</B>


<P align="left" style="font-size: 10pt">Any statements contained in this press release that do not describe historical facts, including
statements about SearchMedia&#146;s beliefs and expectations, may constitute forward-looking statements
as that term is defined by the United States Private Securities Litigation Reform Act of 1995.
These forward-looking statements can be identified by terminology such as &#147;will,&#148; &#147;expect,&#148;
&#147;anticipate,&#148; &#147;future,&#148; &#147;intend,&#148; &#147;plan,&#148; &#147;believe,&#148; &#147;estimate,&#148; &#147;confident&#148; and similar
statements. Any forward-looking statements contained herein are based on current expectations, but
are subject to a number of risks and uncertainties that may cause actual results to differ
materially from expectations. A number of important factors could cause actual results to differ
materially from those contained in any forward-looking statement. Potential risks and uncertainties
include, but are not limited to: that our estimates and projections for the first quarter and full
year of 2010 are based on assumptions that may prove to be incorrect, including our assumptions
regarding new contracts, additional concessions and expected acquisition closings, and our actual
financial results for the first quarter and full year of 2010 may be materially different; that
failure to file our 2009 Annual Report or Quarterly Report for the 2010 first quarter on time or to
publish adequate financial information for the 2010 first quarter may result in the delisting of
our securities from quotation on the NYSE Amex or a suspension in the trading of our common stock
which would materially limit the liquidity or tradability of our common stock; our plan of
compliance may not be accepted by NYSE Amex or that NYSE Amex may require revisions to the
Company&#146;s compliance plan that we may not be able to satisfy; that the Company may be unable to
complete its review in time to file its Annual Report on Form 10-K of Form 10-Q for the 2010 first
quarter within the required time period; that even if we file our Annual Report for the year ended
December&nbsp;31, 2009 or Quarterly Report for the 2010 first quarter within the required time period,
we may be in violation of other NYSE Amex listing standards; whether the Company&#146;s pending
transactions will meet the Company&#146;s expectations or provide additional revenue opportunities or
profits, diversify our service suite or enhance our national presence; whether governmental
approvals of pending acquisitions will be received on a timely basis or at all; whether the bus
advertisement cooperation agreement will provide positive revenue in the second half of 2010 or at
all; whether the multi-year agreements with our subsidiaries will provide the incentives intended
towards long-term performance goals; whether the Company&#146;s in-elevator business will achieve the
results anticipated and become profitable in the third quarter of 2010 or at all; whether the
Company will achieve the growth prospects anticipated by management for the remainder of the year;
and the risks that there are uncertainties and matters beyond the control of management, and other
risks outlined in the Company&#146;s filings with the U.S. Securities and Exchange Commission.
SearchMedia cautions readers not to place undue reliance upon any forward-looking statements, which
speak only as of the date made. SearchMedia does not undertake or accept any obligation or
undertaking to release publicly any updates or revisions to any forward-looking statement to
reflect any change in the Company&#146;s expectations or any change in events, conditions or
circumstances on which any such statement is based.


<P align="left" style="font-size: 10pt"><B>For more information, please contact:</B>
<BR>
In the U.S.: Ashley M. Ammon: (646)&nbsp;277-1227



<P align="center" style="font-size: 10pt; display: none">




<!-- v.121908 -->
</BODY>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
