SOURCE: Wi-Fi TV Inc.

October 22, 2007 09:09 ET

Wi-Fi TV Inc. Trading Under New Ticker Symbol WTVN as Pink Sheets Current Information Company and Announces Dates for Product and Corporate Developments

NEWPORT BEACH, CA--(Marketwire - October 22, 2007) - Wi-Fi TV Inc. (PINKSHEETS: WTVN) (PINKSHEETS: WTVI), the creator of Social Internet TV™ and the web site www.Wi-FiTV.com, commences trading today under a new ticker symbol, WTVN, as a Pink Sheets Current Information company (www.pinksheets.com, WTVN) with current financial and corporate information, including financial statements, information statements and company news posted.

In addition, Wi-Fi TV announced the following product and corporate developments and effective dates:

1) Launch of new Wi-Fi TV Web Site. Wi-Fi TV Inc. will release a Beta version of its all-new web site in the United States. This is the only global Internet TV platform with integrated live chat that does not require a software download. Wi-Fi TV will publicly announce a link to the Beta site later today.

2) New Wi-FiTVPhone™ Virtual Dialer. This will work on user's laptop computer globally and will offer extremely low cost local, long distance and international dialing. Users can recharge their Wi-FiTVPhone online through Wi-Fi TV, which makes the phone for use at home, at school or while traveling. The new Wi-FiTVPhone will be available for free download on the new Wi-Fi TV Beta web site.

3) New Wi-Fi TV Station Rental Program. Now any company in the U.S. can afford to buy their own global interactive TV channel on the Internet. One monthly rental fee will cover the cost of a Wi-Fi TV Station now available in three levels. Wi-Fi TV will announce all details of the rental plan this week.

4) Wi-Fi TV National Sales Team. Wi-Fi TV has retained thirty independent sales reps to market Wi-Fi TV Station rentals to small business, Fortune 500 companies and government agencies. Each rep has signed an agreement with Wi-Fi TV Inc., and Wi-Fi TV Inc. is no longer dealing with any third parties for sales. There is no fee to work for Wi-Fi TV and there is no network or multilevel marketing. Additional sales positions are now available; for information email info@wi-fitv.com

5) Wi-Fi TV is eliminating a portion of its outstanding convertible debt. Wi-Fi TV has entered into an agreement to retire all debt (principal, interest, liquidated damages) and waive all defaults pertaining to Bristol Investments and related entities. A copy of the signed agreement will be included in a Wi-Fi TV Information Statement supplement to be posted on www.PinkSheets.com today.

6) Listing of Wi-Fi TV on the Frankfurt Exchange. Wi-Fi TV has entered into an agreement with a third party to effectuate the listing of Wi-Fi TV shares for trading on the Frankfurt Exchange, and the listing is anticipated within thirty days. A follow-up announcement will be made once the stock commences trading on the Frankfurt Exchange, and a webcast previewing the listing will appear at www.Wi-FiTV.com, Wi-Fi TV Live category, this week.

7) Wi-Fi TV is listed on www.PinkSheets.com with Current Information. The new ticker symbol effective today is WTVN.

8) Wi-FiCars will be a new Wi-Fi TV Station devoted to cars and the car lifestyle. It will be accessible at www.Wi-FiCars.com and at www.Wi-FiTV.com, Cars category, and will launch during the SEMA Aftermarket Car Show in Las Vegas October 30-November 2, 2007.

9) WatchWi-FiTV will be a new Wi-Fi Station devoted to watches and related lifestyle items. It will feature the WatchWi-FiTV Top 100 Watches of 2007 and exclusive video interviews with leading watch designers and retailers. It will launch during early November 2007.

10) Wi-Fi TV is expanding into China. A webcast from Beijing featuring the Wi-Fi TV founder and Chairman is now online (www.Wi-FiTV.com, Wi-Fi TV Live, China).

Promotional Material

All promotional material for Wi-Fi TV should be sent to: Wi-Fi TV Inc., Attn: John Rothchild, 3434 Via Lido #300, Newport Beach, CA 92663 or call 949-716-9397 to arrange special editorial coverage.

Press Relations for Wi-Fi TV

Wi-Fi TV Inc. is asking the press to call 949-716-9397 with all inquiries for stories or send an email to info@wi-fitv.com.

Stock Transfer Agent

Contact information for the Wi-Fi TV Inc. transfer agent is online at www.Wi-FiTV.com, Contact page.

About Wi-Fi TV

Wi-Fi TV™ is a pioneer of TV on the Internet. Wi-Fi TV Inc. has long touted the coming convergence of TV and the Internet, and provided the first online movie in December 1995. The Wi-Fi TV web site (www.Wi-FiTV.com) is the only place on the Internet where you can watch hundreds of TV stations and chat with others watching the same program in a live chat box directly under the viewing screen, and get breaking news for each country and category listed, and download a dialer and make free phone calls and host live video parties all on one web site.

Wi-Fi TV Inc. provides Social Internet TV™, 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 memberships are free at www.Wi-FiTV.com and include such perks as free online phone calls and free chat and free online parties.

The Company was launched in 1995 and has been publicly traded since November 1997, and has been a pioneer in the delivery of video and books over the Internet.

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. Wi-Fi TV and Social Internet TV are trademarks of Wi-Fi TV Inc. and all rights pertaining to these names are reserved. This press release shall not be deemed a general solicitation.

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