FOR IMMEDIATE RELEASE

PENTHOUSE ACQUIRES DANNI ASHE and VIDEO BLISS FOR $3 MILLION
ACQUISITION INCLUDES DANNI.COM AND ALL ASSOCIATED OPERATIONS

(Boca Raton, FL – November 1, 2006) Penthouse Media Group Inc. (PMGI) announced today that it has acquired all outstanding shares, assets and trademarks of Danni Ashe Inc. and Video Bliss Inc. - owners and operators of www.Danni.com, one of the most popular adult websites since 1996. Known for featuring busty models, glamorous girl--girl videos and live webcasts, www.Danni.com and all of its associated websites: dannishotbox.com and dannisharddrive.com will join PMGI effective immediately.

This acquisition makes for the second coup by Penthouse Media Group Inc. to expand its multi-media platforms following the September 2006 asset purchase from Jill Kelly Productions. Danni's premium brand name, its enormous still and video content library of the most beautiful models in the world and its production and webcast facilities will support PMGI's mobile, Internet, DVD and VOD broadcast services.

"Danni Ashe is one of the most downloaded women in the history of the internet with over one-billion downloads!" exclaims Penthouse CEO, Marc H. Bell. "Consequently, Danni.com's websites have a large group of devoted subscribers and we plan on staying true to the brand, while continuing to improve and expand the websites. We will use this purchase to the advantage of PMGI's multi-media platforms."

Founder Danni Ashe agrees, "If there is a brand name in our industry that I had hoped I would one day be associated with, it is most certainly Penthouse. I am excited that Penthouse believes in me, my partners and made us a part of their family. I expect to see great things from both Penthouse and Danni's long into the future."

For more information, or to arrange an interview with a Penthouse representative, kindly contact the PR department at: 561.912.7034, or at: kberzon@pmgi.com.

About Penthouse Media Group Inc.
Globally recognized as the premier adult entertainment and lifestyle brand, Penthouse Media Group Inc. is the largest adult entertainment company in the world. The company operates numerous social networking and adult entertainment Web sites and provides adult video entertainment, as well as Penthouse TV and a broad array of products and services via its numerous national and international licensees. Penthouse Media Group also publishes and distributes Penthouse Magazine and a widely circulated group of sister publications in countries throughout the world.

About Danni Ashe Inc. & Video Bliss Inc.
Danni.com is a men's entertainment media company founded in 1995 by Danni Ashe, the most downloaded woman in the history of the Internet. Danni.com includes several subscription Web sites (danni.com, mishaonline.com, ericacampbell.com and crystalklein.com), which feature streaming video, photographs, live events, and online stores and auctions. The company also produces adult films, which are sold at major retail stores, and licenses consumer products through a variety of distribution channels.

Media Contact:
Kathleen Berzon
For Penthouse Media Group, Inc.
561.912.7034 or email: kberzon@pmgi.com