(27 September 2007 6:00 pm)

MUMBAI: NT Media Corp announced that it has acquired YouTubeVibes, a video search portal website dedicated to showcasing video clips and media generated by users.

The site can be viewed at www.youtubevibes.com.

The move is part of NT Media's strategy of acquiring and launching media properties which generate revenue through on-line advertising.

At the current time, all of YouTubeVibes revenues come from advertising, however, the Company is also examining other potential revenue streams, stated an official release.

"We are very pleased to have completed this acquisition and we continue to pursue other possibilities as well. This fits in with our strategy of becoming an integrated digital media company focusing on Video, Music, and Social Networking," said NT Media CEO Ali Moussavi.

The company recently announced its foray into Targeted Social Networks with the launch of www.Singledads.ning.com.