a
60 Cutter Mill Rd.
Suite 205
Great Neck, NY
11021
Tel: 516.444.3400
Fax: 516.444.3404

 

Press Releases

Contacts:
Contact:
Assaf Ran, CEO
(212) 489-6800
SOURCE: DAG Media, Inc.

 

DAG Media Announces an Increase in the Amount of Cash to its Lending Operations

NEW YORK, May 14, 2008 / PRIME NEWSWIRE/ -- DAG Media, Inc. (Nasdaq: DAGM - news) announced today that the company’s board of directors authorized management to increase the cash limit allocated to the lending business from $5 million to $7 million.
 “I am grateful for this decision to increase the cash limit to $7 million as we aim toward continued growth,” stated Assaf Ran, Chairman of the Board and CEO. “The increase will allow the company to take advantage of more attractive opportunities.”

 

DAG Media, Inc. through our subsidiaries provides short term, secured, non–banking, commercial loans, to small businesses. In addition we developed innovative software and a related web site that allows retail businesses and other service providers to reach prospective customers and clients for their goods and services in a more effective way than traditional on-line and print yellow pages search . We operate several web sites: http://www.dagfundingsolutions.com, http://www.nextyellow.com, and http://www.dagmedia.com.

Forward-looking statements in this release are made pursuant to the “safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition, new products introduced by competitors, changes in the rates of subscriber acquisition and retention, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
# # #