SOURCE: Wi-Fi TV Inc.

October 16, 2006 09:15 ET

TV Merges With the Internet at Wi-Fi TV

Unlimited Expansion Ability Plus Viewing and Participation Not Limited by Geographic Boundaries

NEWPORT BEACH, CA -- (MARKET WIRE) -- October 16, 2006 -- "TV is merging with the Internet at www.Wi-FiTV.com and neither medium may ever be the same," declared Alex Kanakaris, Chairman and founder of Wi-Fi TV Inc. (PINKSHEETS: WTVN), following an explosive and widely viewed series of live webcasts on Oct. 12 and 13 at www.MN1.com, a live Internet TV channel specializing in financial news and analysis.

"We tend to think of television as a quaint medium when compared with the rapidly changing Internet. Yet TV now seems poised to become every bit as dynamic as the likes of Google and Yahoo! because TV is merging with the Internet," stated Edward B. Driscoll Jr. in a feature article the November 2006 edition of Home Entertainment magazine.

"No one is better positioned strategically to be the world Internet TV leader than Wi-Fi TV. The growth potential is amazing when you realize that the Wi-Fi TV platform, viewable right now at www.Wi-FiTV.com, has virtually unlimited expansion ability in terms of Country and Category listings and universal accessibility, not just to watch but to participate," stated Kanakaris, who is also the author of "Signs of Intelligent Life on the Internet" (www.amazon.com).

"We launched our Internet content company in the mid-90s, delivered the first full-length movie for Internet viewing in December 1995 and innovated for years with video and eBook delivery. Today, Wi-Fi TV offers the best of the Internet and TV worlds from a standpoint of technology and range of delivery.

"Thanks to the Internet, we're giving everyone the power to own a TV channel or create video content or messages for a world audience. We are bringing live meetings for up to 25 participants with video and audio with MyWi-FiParty. We are letting viewers chat with each other with text messages while watching the same shows. And we are delivering to a geographic audience that makes the biggest cable TV networks look like they are stranded on a deserted island.

"At the same time, we are ramping up the delivery of traditional TV over the Internet, with 400 live TV channels and other live video feeds," concluded Kanakaris.

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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