NEWS

WIRES

OTHER

Helios & Matheson North America Schedules Conference Call to Present First Quarter Financial Results

Helios & Matheson North America Inc. ("Helios & Matheson") (NASDAQ: HMNA) today announced that it intends to release its first quarter ended March 31, 2007 financial results on Wednesday, May 9, 2007 and has scheduled a conference call to discuss these results at 4:15 p.m. (EDT) for the same day.

Conference call details:

     Date/Time:           Wednesday, May 9, 2007 at 4:15 p.m. (EDT)
     Telephone Number:    800-745-2189
     Reservation Number:  21338077
     Internet Access:     http://www.visualwebcaster.com/event.asp?id=39676

It is recommended that participants call at least 10 minutes before the call is scheduled to begin. A replay of the conference call in its entirety will be available through Market Wire at http://www.visualwebcaster.com/event.asp?id=39676.

About Helios & Matheson North America

Helios & Matheson has built a reputation for cutting-edge IT and BPO solutions that is exemplified by its impressive roster of Fortune 1000 customers and other large organizations. The Company focuses on a business-oriented, value-added approach to its end-to-end IT services and business process outsourcing solutions. For over 20 years, the Company has provided complete project life-cycle services in the areas of business intelligence, custom application development, strategic sourcing, support and maintenance, data supply chain, collaboration, quality assurance, project portfolio management, and other specific vertical solutions. The Company has offices in New York City; Clark, New Jersey; and Bangalore, India. More information about the Company can be found at its web site at www.hmna.com.

"Safe Harbor" Statements under the Private Securities Litigation Reform Act of 1995: Statements made in this press release which are not historical facts, including those that refer to Helios & Matheson North America plans, beliefs and intentions, are "forward-looking statements" that involve risks and uncertainties. These risks and uncertainties could cause actual results to differ materially from the forward-looking statements, and include, but are not limited to, Helios & Matheson North America's ability to scale its existing and any new businesses. For a more complete description of the risks that apply to the Company's business, please refer to the Company's filings with the Securities and Exchange Commission. The Company's actual results may differ materially from the results anticipated in these forward-looking statements as a result of certain factors set forth under "Risk Factors" and elsewhere in the Company's Annual Report on Form 10-K with the Securities and Exchange Commission on March 29, 2007.