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Date	Status	Stake Acquired	Deal Price	Deal Type
August 2005	Completed	100%	$10,600,000	Acquisition

Target	Buyer
Morra, Brezner, Steinberg & Tenenbaum Entertainment, Inc. Beverly Hills, California, United States Industry: Film Production & Distribution	Core Media Group New York, New York, United States Stake Acquired: 100 %

Deal Amount
Deal Price	$10,600,000

Financials for Target: Morra, Brezner, Steinberg & Tenenbaum Entertainment, Inc.		Transaction Multiples		Transaction Multiples w/ Max. Contingency
Total Assets 2004	$2,500,000	EV / A	4.24x	EV / A
Stockholder's Equity 2004	$446,000	EV / SE	23.77x	EV / SE
Revenues 2004	$6,200,000	EV / R	1.71x	EV / R
Net Income (Loss) 2004	$530,000	EV / E	20x	EV / E
Cash Flow 2004	$72,000	EV / CF	147.22x	EV / CF
EBITDA 2004	$593,000	EV / EBITDA	17.88x	EV / EBITDA
Operating Income (Loss)	N/A	EV / OI		EV / OI

Deal Notes

$1 million cash + $9.6 million in CKXE restricted common stock (700,000 share at $13.74/share on 8/9/05) + MBST's net working capital (plus an add'l. 150,000 share of restricte common stock contingent on performance over 5-yrs)

Business Description for Buyer: Core Media Group

Core Media Group is a privately-held entertainment company. Core Media Group was formerly known as CKX, Inc. and later changed its name to CORE Media Group, Inc. Core Media Group headquarters are located in New York, New York.

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Core Media Group Acquires Morra, Brezner, Steinberg & Tenenbaum Entertainment, Inc.

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Core Media Group Acquires Morra, Brezner, Steinberg & Tenenbaum Entertainment, Inc.

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