Former MobiTV and Macromedia Executive Joins Leading Online Video Entertainment Company

Palo Alto, CA – May 13, 2008 – Metacafe®, whose nearly 30 million unique viewers each month make it one of the world’s largest video entertainment sites, has appointed Michael Strambi its chief financial officer. In this role, Strambi will help advance Metacafe’s mission to build a leading global media company focused on short-form video entertainment powered and programmed by its audience.

“Online video has quickly become a cultural phenomenon, and the next step is to scale our business for long-term success,” said Erick Hachenburg, CEO of Metacafe. “For those of us leading this sector, there’s significantly more opportunity ahead than behind us. Mike is a proven finance professional who’s worked with high-growth companies, international organizations, and both private and publicly traded companies. He’ll help us grow our leadership in short-form video entertainment as we enter the next phase of our business.”

Strambi brings more than 20 years of corporate finance to his new role. Most recently, he served as vice president of finance for MobiTV. Prior, he held similar titles at both Macromedia for four years and at Blue Martini Software for two. He served as vice president, controller and treasurer, for Sun-Diamond Growers of California for 10 years, after starting his career as an audit manager for Ernst & Young. Strambi is a Certified Public Accountant, earned his MBA from the University of Southern California, and holds a bachelor’s degree from California State University, Sacramento.

“This is an exciting time to be at a company like Metacafe that has established early leadership in an industry that continues to grow and is poised to play an important part in our lives for many years to come,” said Strambi. “We are actively working to monetize the large global audience we’ve built and believe we’re well-positioned to breakthrough as the first to make a successful, sustainable, financially-sound business of online short-form video.”

About Metacafe
With nearly 30 million unique viewers each month, Metacafe® is one of the world’s largest video entertainment sites (comScore, March 2008). We specialize in short-form original content – from new, emerging talents and established Hollywood heavyweights alike. Metacafe delivers an exceptional entertainment experience by engaging and empowering our audience every step of the way. Our VideoRank™ technology helps expose the most entertaining content, and our Producer Rewards® program rewards video creators for their best work – all as determined by viewer response. The privately held company is headquartered in Palo Alto, Calif., and has offices in Tel Aviv and New York City. For more information – and hundreds of thousands of entertaining videos – visit www.metacafe.com.

Media Contacts:
Shev Rush Public Relations for Metacafe
Shev Rush: shev@shevrushpr.com / 760-567-4321
Shelley Boose: shelley@shevrushpr.com / 408-398-6987