SOURCE: Wi-Fi TV Inc.

October 18, 2007 15:26 ET

Wi-Fi TV to Launch U.S. Beta Version of New Web Site on Monday, Retire Portion of Convertible Debt, List on Frankfurt Exchange and Restructure Stock

Wi-Fi TV Is Expanding Globally and Launching New Stations as Part of Restructure

NEWPORT BEACH, CA--(Marketwire - October 18, 2007) - Wi-Fi TV Inc. (PINKSHEETS: WTVI), the creator of Social Internet TV™ and the web site www.Wi-FiTV.com, made several announcements today along with anticipated effective dates:

1)      Launch of new Wi-Fi TV Web Site. On Monday, October 22 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. It
        will be accessed from a link on the current site, www.Wi-FiTV.com
        and a URL that will be announced Monday.
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 October 22, 2007.
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 next 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 to be posted on www.PinkSheets.com on October 22, 2007.
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, next week.
7)      Wi-Fi TV Inc. is effectuating a 1-for-1000 reverse stock split.
        Wi-Fi TV anticipates a new ticker symbol in connection with this
        restructure, and an effective date of October 22, 2007. Wi-Fi TV is
        listed on www.PinkSheets.com and current information on Wi-Fi TV
        Inc. is available on the Pink Sheets web site.
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-FiTV 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 website (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 website.

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.

Contact Information

  • Press Relations:
    Wi-Fi TV Inc.
    949-716-9397