SOURCE: Wi-Fi TV Inc.

October 13, 2006 12:36 ET

Kanakaris' Exclusive Appearance Spawns Part Two and Three, as Wi-Fi TV Goes Live on MN1.com

NEWPORT BEACH, CA -- (MARKET WIRE) -- October 13, 2006 -- The Dallas-based live financial TV web site MN1.com reported today that by overwhelming demand they had invited Wi-Fi TV Inc. (PINKSHEETS: WTVN) Chairman and Founder Alex Kanakaris back on to appear for two additional live interviews on MN1.com today.

Bethany Anderson, senior editor at MN1.com, posted the following statement on the MN1.com web site today, "We have not spoken to the media in six months," Wi-Fi TV Inc. CEO Alex Kanakaris told MN1's Saul Albom Thursday afternoon. "Everybody's trying to talk to us."

It seems fans and investors had been eagerly awaiting such an appearance, too, since MN1.com phone lines began rapidly filling up after Kanakaris' exclusive appearance on the online news network was announced.

"The phone lines filled up quickly," MN1 executive producer Mike Gould said. "We had more phone calls than we could accommodate for that time slot, so we've added two more times people can call in and talk to Alex; Friday at 10 a.m. and 1 p.m."

Kanakaris answered questions about why he waited so long to talk to the media, where his company is now, how it was affected by the recent sale of YouTube to Google, and plans for the future.

One thing the company achieved recently that spurred his finally agreeing to an appearance, Kanakaris said, was the fact that Wi-Fi TV had recently achieved a strategic goal.

"According to Alexa.com, we experienced a 159 percent jump our reach per million users in the past three months and a 268,068 move upward," Kanakaris said. Alexa tracks and ranks internet traffic on various websites.

Wi-Fi TV and Kanakaris have also generated over 25,000 story-based links in the Google.com search engine. In addition, the independent NeoTracker reports that visitors from 181 countries have visited the www.Wi-FiTV.com web site as of Oct. 10, 2006.

"There has been a dramatic shift in growth in the site in the last six months," he said. "Costs to run such a site reduce as technology becomes less expensive. Bandwidth that was a considerable cost even five years ago is much less expensive now," Kanakaris said. Factors like that mean low overhead.

Kanakaris said that YouTube's sale has the market rethinking its stodgy thoughts in Internet video sites, as well. "When YouTube sold, our phones have not stopped ringing since," he said.

"The upward global trend in key statistics for Wi-Fi TV (www.Wi-FiTV.com), combined with our new marketing programs for channel and subscription sales, give Wi-Fi TV that rare opportunity which we have been striving for over our ten years in business. Wi-Fi TV today is the world market leader in live Internet TV and live Internet social networking. Moreover, we have a plan to translate this market share into growing subscription, pay-per-view, advertising, product sales and channel sales dollars," Kanakaris said in a recent press release.

The company is celebrating a year anniversary of really hitting its stride when it came to its business model.

"A year ago, we decided, 'Why not redefine TV?'" Kanakaris said. "Let's make these shows accessible over the Internet."

Wi-Fi TV delivers live TV channels and other video based content, along with multiple interactive features, on a global scale by means of the Internet. Anyone with a Internet enabled device (which includes Internet-enabled laptop computers, desktop computers, PDAs, cellular phones and TVs), and a DSL, cable, T1, or other form of fast wireless (wi-fi or maxi-fi) or wired Internet connection, located in most parts of the world, can access the Wi-Fi TV web site.

Kanakaris said that the site now offers more than 400 channels, but didn't want to name a specific number.

"We have some deals out there, and I don't want to give a specific number just yet," he said. "I'd like to give our sales team the chance to do their jobs, and then come back in about 90 days and release a press release with a specific number."

As it stands, Wi-Fi TV offers things traditional TV can't, Kanakaris said, including the ability to chat with fellow fans about a show as they watch it.

"It doesn't hurt that most computer screens are better quality than most TVs we use," he said.

Kanakaris acknowledged that news like the astronomical sale of YouTube causes investors to take another look at his company, but stressed to one caller that he felt WiFi TV had more to offer than YouTube does.

"I'm excited about it, but I never play second to anybody," he said.

(Wi-Fi TV Inc. has not paid any fee in connection with the MN1.com interviews)

About Wi-Fi TV Inc.

Wi-Fi TV Inc. provides a new generation TV delivery platform that has a geographic sphere out-distancing any traditional cable or over-the-air TV broadcaster. Wi-Fi TV is offering subscriptions at only $24.99 per year when prepaid, or $29.99 per year following a 14-day free, no obligation trial period. In addition, Wi-Fi TV offers a five minute free trial with no sign-up required. Wi-Fi TV Channels are available for $25,000 per year (full details are on the web site www.Wi-FiTV.com).

The web site www.Wi-FiTV.com has been viewed from over 180 countries.

Wi-Fi TV has recently introduced a revolutionary new feature aimed at the millions of 18-24 year olds who use the Internet for social networking. It allows up to 25 different guests to see and hear each other in a private MyWi-Fi Party.

Wi-Fi TV Sales Opportunity

Wi-Fi TV is recruiting sales reps for Wi-Fi TV Channel and Subscription sales. Additional information on the Wi-Fi TV Sales opportunity is available at info@wi-fitv.com.

Press Relations

Wi-Fi TV Inc. has opened a new content and technology demo room for the press in Newport Beach, California. For further information contact Colby Marceau, (949) 716-9397, info@wi-fitv.com.

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. No fee has been paid to MN1.com or related parties by Wi-Fi TV Inc. This press release shall not be deemed a general solicitation.

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