1 March 2011

For Immediate Release

Tangible Media Sells Classic Driver And NZ Today

Tangible Media would like to announce the sales of Classic Driver and NZ Today to Christchurch based publisher SW Media, a company associated with the successful online classic car sale website www.simplyclassics.co.nz

Classic Driver and NZ Today have been published by Tangible Media since March 2009 in a joint venture with well known media personality Allan Dick. Allan will continue in his editorial roles on both magazines.

Since March 2009 both titles have enjoyed significant circulation growth and there is expectation that this growth will continue under the new ownership.

Publication of both NZ Today and Classic Driver continues business as usual, with all advertising and circulation enquiries directed to Wes Davies.

ENDS