SOURCE: Wi-Fi TV Inc.

October 12, 2006 09:15 ET

Wi-Fi TV to Answer Questions About Its Valuation Following YouTube Purchase on Live MN1.com Interview Today

NEWPORT BEACH, CA -- (MARKET WIRE) -- October 12, 2006 -- With the purchase of YouTube setting a stratospheric potential valuation for market leaders in live Internet video and live Internet social networking, Wi-Fi TV Inc. (PINKSHEETS: WTVN) Chairman & CEO Alex Kanakaris will answer questions live on MN1.com today at 2:00 PM EDT, 1:00 PM CDT, 11 AM PDT.

In his first interview about Wi-Fi TV Inc. in six months, and the first following www.Wi-FiTV.com becoming the world leader in live Internet TV featuring live chat, live video social networking and other member features, Mr. Kanakaris will talk about how Wi-Fi TV is changing the definition of television. He will also discuss the difference between Wi-Fi TV and the sites MySpace and YouTube and the world of traditional TV.

Mr. Kanakaris will answer questions regarding the potential valuation, growth, global impact and exit strategy of Wi-Fi TV with the financial community, just days following the $1.65 billion purchase of YouTube by Google.

"A few super powerful conglomerates control the majority of Snail TV. But thanks to Wi-Fi TV Inc., the ownership of a global Internet TV channel, viewable by virtually anyone in the world with access to a high-speed Internet connection, is attainable by ordinary citizens, businesses, civic groups, chambers of commerce, charities and others," Mr. Kanakaris said recently.

"Join Alex Kanakaris to learn more about the goals of Wi-Fi TV Inc., as well as its position in the stock market," said a press announcement from MN1.com. MN1's Market News First is an online, market news provider that brings investors current news on the market. Market News First is the only online, live radio web site that brings real market news to investors and features live interaction with companies from the Bulletin Board to NYSE.

"Through daily, live interviews, MN1.com brings you up to date on all the established companies and informs the investors of the newest opportunities within the market. Market News First offers one-on-one interviews with the presidents and CFOs of companies to deliver answers to the questions that investors may ask and provides them insight into the companies' present condition and future plans," according to the MN1.com press announcement regarding the Wi-Fi TV Chairman interview.

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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