Vietnam Home Shopping Network Enters Agreement with All Line, Inc. to Sell 20% Stake Valued at Approximately $15,000,000

HANOI, Vietnam & LOS ANGELES--(BUSINESS WIRE)--Vietnam Home Shopping Network Corporation (VHSN), a company focused on integrated home shopping in Vietnam utilizing cable/DTH/web platforms, supported with www.vhsn.tv e-commerce operations and VHSN magazine, today announced that the Company signed a definitive agreement to sell a twenty-percent stake to All Line, Inc., (Pink Sheets:ALIN), a company engaged in telecommunications, multimedia, and IT development.

Allen Wu, Chairman of East Media Holdings (EMHI) which owns the majority of VHSN, stated: “VHSN will initially focus on the 1.5 million households of Vietnam who are elite consumers in a retail market that is globally ranked as number 3. We see that 10-15% of these households will participate in TV shopping and its supported e-mall, generating significant revenues. Subsequently, via its parent EMHI and affiliated TV channels in the US, VHSN will also roll out TV shopping to key Asian communities (Chinese, Filipino, Vietnamese and Korean) with mainstream possibilities. Via TV, web cast and e-mall, VHSN will gain global reach over time with focus on Vietnamese consumers everywhere."

All Line’s acquisition of VHSN is part of its new initiative to focus on Asian multi-media business incorporating television, print, and online distributions and to capitalize on the high-growth potential of this market segment.

According to the agreement, VHSN will receive $1,000,000 in cash and 15,000,000 shares of All Line restricted stock for the initial 20% stake in VHSN. The transaction is scheduled to close on or before February 09, 2009. All Line also has an option to acquire another 31% of VHSN in the future on terms and conditions to be determined by both parties.

Won Jai Chang, President of All Line, reiterated: “We are very excited about the joint venture with VHSN to engage in this unique opportunity. We believe there is enormous potential in the Vietnamese markets, and as the joint venture gains its momentum in its business model, we believe this will increase the market value of our company. We strongly believe the JV will be a great success.”

About Vietnam Home Shopping Network

Vietnam Home Shopping Network is a majority-owned subsidiary of East Media Holdings, Inc. to be launching first integrated home shopping network in Vietnam, on platforms of cable/DTH/web, supported with www.vhsn.tv e-commerce operations and VHSN magazine to be distributed to pay TV households, currently at 1.5 million. The web TV enables overseas Vietnamese to view and purchase for delivery anywhere, including their loved ones in Vietnam. Web site: www.vhsn.tv.

About All Line

All Line, Inc. (Pink Sheets:ALIN) is a Nevada corporation engaged in telecommunication, multimedia, IT development, and environmentally friendly energy and resources. The Company has established strong business ties in these areas with Korea and other Asian countries. For more information, visit the Company’s web site www.allline.com.

Safe Harbor: This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995.