Aug 21st, 17:15 system announcement
by Bogart Beck

NOTICE OF DEFAULT ISSUED - Metanetwork Media (MNM) - 08/21/2008 - 05:06PM SLT

NOTICE OF DEFAULT ISSUED - Metanetwork Media (MNM) - 08/21/2008 - 05:06PM SLT

To Whom it May Concern;

This message constitutes a FORMAL NOTICE of DEFAULT issued to Metanetwork Media(MNM) pursuant to the continued Listing Requirements as published at SL Capital http://www.slcapex.com/content/listing

Should appropriate remedies NOT be made on or before 11:59pm (SLT)08/31/2008 MNM will be DELISTED for CAUSE.

Notwithstanding the extraordinary effort put forward by both myself and Scott Nestler to assist MNM Shareholders in compelling the pricipal(s?) of MNM to resolve its differences with its former employees and Investors it would appear that the principal(s) of MNM remain largely uncooperative and combative. We've made NO measurable progress to resolve or refute the claims that have been made.

We did receive an email late Wednesday afternoon from Jamar Freeze claiming that both he and MNM, Inc. were being represented by counsel, specifically Havona Madama of Madama Griffitts O'Hara LLP.

As of 5:00 PM this evening calls to the published number for the firm have not been returned.

Persons seeking to pursue remedies directly might wish to also try contacting them;

Madama Griffitts O'Hara LLP
450 Park Avenue South, Sixth Floor
New York, NY 10016
T (212) 209-5450
F (212) 209-5460

Havona Madama hm@madama-law.com
Robert C. Griffitts rg@madama-law.com
Mary Payton O'Hara mo@madana-law.com

http://www.madamagriffitts.com

We have also this evening taken the extraordinary measure of locking all MNM Forum threads to help preserve the integrity of the historical record relating to MNM should we be called upon as a Custodian of Records.

Persons wishing to continue posting NEWS and INFORMATION relating to MNM are requested to confine their comments to the following thread.

http://www.slcapex.com/forums/topic/MNM/2203

Respectfully,

Bogart Beck
SL CapEx CEO