Fluent, Inc. — Director's Dealing 2010

Feb 5, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Searchmedia Holdings Ltd (IDI)
CIK: 0001460329
Period of Report: 2010-02-03

Reporting Person: FROST PHILLIP MD ET AL (10% Owner)
Reporting Person: Frost Gamma Investments Trust (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-02-03	Ordinary Shares, par value $0.0001 per share	P	6900	$6.00	Acquired	2441635	Indirect
2010-02-04	Ordinary Shares, par value $0.0001 per share	P	5000	$5.66	Acquired	2446635	Indirect

Footnotes

F1: Includes a total of 150,000 Units, each Unit consisting of one ordinary share and one warrant to purchase one ordinary share at $6.00.

F2: The securities are held by Frost Gamma Investments Trust, of which Phillip Frost M.D., is the trustee. Frost Gamma L.P. is the sole and exclusive beneficiary of Frost Gamma Investments Trust. Dr. Frost is one of two limited partners of Frost Gamma L.P. The general partner of Frost Gamma L.P. is Frost Gamma, Inc., and the sole shareholder of Frost Gamma, Inc. is Frost-Nevada Corporation. Dr. Frost is also the sole shareholder of Frost-Nevada Corporation. The reporting person disclaims beneficial ownership of these securities, except to the extent of any pecuniary interest therein and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

F3: The price included in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.53 to $5.72, inclusive. The reporting persons undertake to provide to SearchMedia Holdings Limited ("SearchMedia"), any security holder of SearchMedia, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (4) to this Form 4.