SOURCE: Convenience TV Inc.

July 15, 2010 09:45 ET

Convenience TV Inc. Closes Private Placement

LOS ANGELES, CA--(Marketwire - July 15, 2010) -  Convenience TV Inc. (OTCBB: CRPZ) advises that its initial, non-brokered Private Placement of $250,000 has been successfully subscribed. A total of 1,250,000 shares were issued at $0.20 USD.

Norman Knowles, President and CEO of Convenience TV, said today, "We are extremely pleased with the support we have received from investors for this initial funding. These funds will be used on operations intended to expand our network footprint in the Los Angeles area."

About Convenience TV Inc.

Convenience TV is focused on the Convenience Store Industry and provides its clients with an "in-location" TV network. The Network is designed to deliver both entertaining content and targeted advertising on a demographic basis to each retail location. In addition, the Network delivers promotional advertising tied to products within the retail location. The programming can be up-dated quickly and is tailored to meet the specific clients' needs for increased sales, customer enjoyment and brand reinforcement.

Safe Harbor Statement

Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to Convenience TV or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of Convenience TV's products, the competitive environment within the industry, the ability of Convenience TV to continue to expand its operations, the level of costs incurred in connection with Convenience TV's expansion efforts, economic conditions in the industry and the financial strength of Convenience TV's customers and suppliers. Convenience TV does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.

Contact Information

    Convenience TV Inc.
    Investor Relations Office