Paris, October 13, 2011 - Online media group Hi-Media (ISIN code FR0000075988 - HIM, HIM.FR), a European leader in monetization of the Internet audience, today announces extended ?Payment Institution? approval for its subsidiary Allopass in Europe.



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In August 2011, France?s Prudential Supervisory Authority (ACP) licensed Allopass, the Hi-Media Group?s electronic payments subsidiary, as a recognized payment institution. This allows Allopass to provide payment services under the meaning of article L314-1 of the French Monetary and Financial Code (Code Monétaire et Financier) for categories 3 and 5, i.e. the execution of bank credit transfers including standing orders, the issuance of payment instruments and/or the acquisition of payment orders.

Allopass has since successfully completed the formalities required for approval to operate as an independent service provider in the other European Union countries. To date, Allopass has received approvals from BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht) in Germany and from five other national supervisory bodies to provide payment services directly to e-tailers in the countries concerned.

These latest European approvals are in addition to those already granted in Europe since 2008 to HPME (Hi-Pay electronic wallet) for the issuance of e-money. Hi-Media?s Payments Division has thus reinforced its position as a leading payments service provider for publishers of digital goods, with two entities now licensed:

E-money issuer (Hi-Pay)
Payment institution (Allopass)
Hi-Media Payment is one of the few players on the European market to have brought its activities into compliance with recent regulatory changes in the European Union and is thus in a position to offer its partners and clients total European compliance and the legal certainty necessary to develop their activities in the retailing of digital goods.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy Hi-Media shares. If you wish to obtain further information about Hi-Media, please refer to our website www.hi-media.com under the Corporate Information heading.
This press release may contain some forward-looking statements. Although Hi-Media considers that these statements are based on reasonable hypotheses at the date of publication of this release, they are by their nature subject to risks and uncertainties which could cause actual results to differ materially from those indicated or projected in these statements. Hi-Media operates in a continually changing environment and new risks emerge continually. Hi-Media does not undertake and expressly disclaims any obligation to update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise.

About Hi-media Group :
Hi-Media, the online media group, is one of the top Internet publishers in the world. Hi-Media is also the leading European player in interactive advertising and electronic payments. Its business model relies thus on two different sources of revenues: online advertising via its dedicated ad network Hi-Media Advertising and online content monetization via Hi-Media Payments.
The group which operates in 9 European countries, USA and Brazil employs around 500 people and posted 220 million euros in sales in 2010. Independent since its creation in 1996, the company is listed since 2000 on the Euronext Eurolist Paris (Eurolist B) and is included in the CAC Small and CAC All-Tradable. ISIN code: FR0000075988.
Hi-Media qualifies for FCPI as it received the OSEO label of "innovating company".
Website: www.hi-media.com
Blog: http://blog.hi-media.com

Financial communication:
Third quarter 2011 sales figures and quarterly information: November 3, 2011 after market closure.

Press Contacts:

Hopscotch
Audrey Bizet
Phone: (33) 1 58 65 00 47
E-mail : abizet@hopscotch.fr
Aurélie Horner
Phone: (33) 1 58 65 00 97
E-mail : ahorner@hopscotch.fr


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