[SearchMedia Announces Shanghai, China, May 31, 2012 — SearchMedia Holdings Limited (“SearchMedia” or the “Company”) (NYSE Amex: IDI, IDI.WS), one of China’s leading nationwide multi-platform media companies, today announced that it reached a final settlement agreement of the arbitration between the Company and its predecessor shareholders and announced the appointment of Peter Chan as Interim Chief Financial Officer. As disclosed] [FORM 6-K May 31, 2012 SearchMedia Holdings Limited ——————————————————————————————————— Cayman Islands ——————————————————————————————————— (Jurisdiction of incorporation or organization) K-Wah Center #38-03, ——————————————————————————————————— x x n/a SearchMedia Holdings Limited Peter W.H. Tan Peter W.H. Tan Chief Executive Officer Description 99.1 Press Release Issued May 31, 2012]