ROO to Acquire Assets of Wurld Media

The Acquisition will Accelerate ROO's Deployment of Peer-to-Peer
Technology, Social Networking, E-Commerce Applications and Digital
Rights Management Capabilities

New York, NY (February 27, 2007) - ROO Group (OTCBB: RGRP) today
announced that it will expand its video offerings to include secure
peer-to-peer distribution, social networking, digital e-commerce and
comprehensive digital rights management through a planned purchase of
Wurld Media.

ROO has signed a letter of intent to purchase Wurld Media's assets for
up to $10 million, to be paid in cash and ROO common stock at $4.39
per share. Under the terms of the letter of intent, ROO will
immediately advance $1.5 million to Wurld Media, which shall be
evidenced by a promissory note. Further, upon the closing of the
acquisition, ROO will pay $6.5 million dollars in stock or cash and
ROO will agree to issue an additional $2 million in ROO stock upon the
achievement of milestones. The transaction is subject to certain
conditions, including the negotiation and entry into definitive
acquisition agreements and the completion of further due diligence.
The parties anticipate that the transaction will close in 120 days or
less.