NYSE Amex Accepts SearchMedia’s Plan of Compliance

Company Intends to Hold Annual Meeting of Stockholders on or Before October 4,
2011

Shanghai, China, May 11, 2011 — SearchMedia Holdings Limited (“SearchMedia” or
the “Company”) (NYSE Amex: IDI, IDI.WS), one of China's leading nationwide
multi-platform media companies, today announced that it received notice that the
NYSE Amex LLC (“Exchange”) has accepted the Company’s plan of compliance (the
“Plan”) with regards to holding its annual stockholders meeting.

On April 8, 2011, the Company disclosed that it received notice of noncompliance
with Section 704 of the NYSE Amex Company Guide (“Company Guide”), which
required the Company to hold an annual meeting of its stockholders during 2010
for the fiscal year ended December 31, 2009.  The Exchange notified the Company
on May 5, 2011 that it accepted the Company’s Plan dated April 6, 2011 and
granted the Company an extension until October 4, 2011 to regain compliance with
continued listing standards.  The Company will be subject to periodic review by
Exchange Staff during its extension period.

SearchMedia expects to file its Form 20-F for the full year of 2010 on or before
the June 30, 2011 deadline and thereafter hold an annual meeting of the
Company’s stockholders prior to the October 4, 2011 deadline.   Following the
annual stockholders meeting, the Company anticipates that it will be in
compliance with Section 704 of the Company Guide.

About SearchMedia
SearchMedia is a leading nationwide multi-platform media company and one of the
largest operators of integrated outdoor billboard and in-elevator advertising
networks in China. SearchMedia operates a network of high-impact billboards and
one of China’s largest networks of in-elevator advertisement panels in 50 cities
throughout China.  SearchMedia’s core outdoor billboard and in-elevator
platforms enable it to provide multi-platform, “one-stop shop” services for its
local, national and international advertising clients.

Forward-Looking Statements
Any statements contained in this press release that do not describe historical
facts, including statements about SearchMedia’s beliefs and expectations, may
constitute forward-looking statements as that term is defined by the United
States Private Securities Litigation Reform Act of 1995. These forward-looking
statements can be identified by terminology such as “will,” “expect,”
“anticipate,” “future,” “intend,” “plan,” “believe,” “estimate,” “confident” and
similar statements. Any forward-looking statements contained herein are based on
current expectations, but are subject to a number of risks and uncertainties
that may cause actual results to differ materially from expectations. A number
of important factors could cause actual results to differ materially from those
contained in any forward-looking statement, including the risks as outlined in
the Company’s filings with the U.S. Securities and Exchange Commission; failure
to make progress consistent with the Plan or to regain compliance with the
continued listing standards by the end of the extension period, and whether the
Company files its Form 20-F for the year ended December 31, 2010 prior to June
30, 2011. SearchMedia cautions readers not to place undue reliance upon any
forward-looking statements, which speak only as of the date made. SearchMedia
does not undertake or accept any obligation or undertaking to release publicly
any updates or revisions to any forward-looking statement to reflect any change
in the Company’s expectations or any change in events, conditions or
circumstances on which any such statement is based.

For more information, please contact:

ICR, LLC
In New York: 	Ashley Ammon: (646) 277-1227
In Beijing: 	Wen Lei Zheng: 86 10 6583-7510