NEW YORK, May 13, 2008 / PRIME NEWSWIRE/ -- DAG Media, Inc. (Nasdaq: DAGM - news) announced that its Board of Directors has authorized a common stock repurchase allowing the Buyback of up to 150,000 Common Shares in market or off-market transactions at prevailing prices. over the next twelve months.

The manner, timing and number of shares purchased will be at the Company’s discretion.

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, andhttp://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 These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements, 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. 
# # #