Thursday, May 29, 2008

Vidshadow, Inc. Announces New Ticker Symbol and Reverse Stock Split

Wednesday May 28, 1:15 pm ET

PLACENTIA, Calif., May 28 /PRNewswire-FirstCall/ -- Vidshadow, Inc. (Pink Sheets: VSDW - News), a leading distributor of online video content and in-stream advertising, announced that effective at the open of today, its new ticker symbol will be "VSHD" replacing the former ticker symbol "VSDW". This ticker symbol change corresponds with the decision by Vidshadow, Inc.'s Board of Directors and a majority of its stockholders to approve a reverse stock split of the issued and outstanding shares of common stock of Vidshadow, Inc. at a ratio of 1-for-1.1459.

As a result of the reverse stock split, every 1.1459 shares of Vidshadow, Inc.'s common stock will be combined into 1 share of common stock. No fractional shares will be issued as a result of the reverse stock split. Instead, each shareholder otherwise entitled to a fractional share interest as a result of the reverse stock split will be entitled to receive a full share in lieu of any such fractional interest.

About Vidshadow

Based in Orange County, CA, Vidshadow, Inc. is one of the Internet's fastest-growing video distribution networks providing solutions to advertisers, content providers, and affiliate web sites. Vidshadow, Inc. offers advanced streaming video technologies for consumers and corporate enterprises to leverage for increased monetization and expanded brand reach. For more information, please visit http://www.Vidshadow.com.

Forward-Looking Statements

Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on current expectations and are subject to a number of known and unknown risks, uncertainties and other factors beyond the Company's control that could cause actual events and results to differ materially from these statements. These risks include, without limitation, that there can be no assurance that any strategic opportunities will be available to the Company and that any strategic opportunities may only be available on terms not acceptable to the Company. These statements are not guarantees of future performance, and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Vidshadow, Inc. undertakes no obligation to update publicly any forward-looking statements.

Company Contact:
5W Public Relations for Vidshadow, Inc.
Carlos Moreno, 212-584-4392
cmoreno@5wpr.com

or

Investor Relations:
RedChip Companies Inc.
Jon Cunningham, 1-800-REDCHIP (733-2447, Ext. 107)
info@redchip.com
http://www.redchip.com

For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Maitland, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com

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