JumpTV Inc.

JumpTV Inc.

January 05, 2007 08:00 ET

JumpTV Signs 12 New Channels, Closes SportsYa.com Acquisition and Makes Executive Appointments

TORONTO--(CCNMatthews - January 05, 2007) - JumpTV Inc. (AIM: JTV) (TSX: JTV) (www.jumptv.com), the world's leading broadcaster of ethnic television over the Internet, announced today that the Company ended 2006 with 254 channel partnerships, is consummating the previously announced acquisition of Sports International Group and made several management appointments for 2007.

Channel Partnerships

JumpTV announced the signing of exclusive agreements with 12 new television channels before year-end bringing the total number of channels under license at December 31, 2006 to 254.

Channels signed include: DITV and Galaxy Television (Nigeria), Banglavision (Bangladesh), El Gourmet (Latin America), Net 25 Channel (Philippines), TVRI (Indonesia), Channel 3 (Trinidad & Tobago) and Kook TV, APNA TV, KTN, Kashish and KTN News (Pakistan).

Max Goldenberg, vice president, Internet Business of Pramer, the owner of El Gourmet channel said "We are thrilled to announce our partnership with JumpTV and are confident that they will provide El Gourmet channel with the audience reach and quality preservation we were looking for in identifying an Internet television partner. JumpTV has clearly established itself as a leader in both the ethnic media and online television industries and we are proud to join a channel roster which includes so many of our respected peers."

The 12 new channels will be individually priced at US$9.95 per month when launched commercially, and some will become part of country/region-specific channel bundles at later dates. Banglavision will soon be included in JumpTV's newly-launched Bangla Package of channels, which currently includes top Bangladeshi channels; Channel i, NTV Bangla and RTV Bangla. The addition of the 5 Pakistani and 2 Nigerian channels brings JumpTV's Pakistani and Nigerian channel lineup to 9 channels and 3 channels respectively, and bundles will be launched for each of these countries soon.

Kaleil Isaza Tuzman, president and chief executive officer of JumpTV International stated, "JumpTV is laser-focused on successfully executing against our three-phased strategy which began with (a) channel acquisition, followed by (b) building the best user experience for live video on the web and will be completed by (c) our subscriber acquisition efforts.

Isaza Tuzman continued, "This past year we far surpassed what industry watchers believed was possible by signing nearly 200 new channel partnerships. At the same time, we released JumpTV version 3.0, our new user interface, and established strategic relationships with distribution partners including Comcast, Telefonica's Terra Networks, Maktoob and QuePasa.com -- which we believe will lead to significant growth in subscribers over the next 12 months."

Sports International Group LLC ("SIG") Acquisition

JumpTV has previously announced the acquisition of Sports International Group LLC ("SIG"), the owner of www.SportsYa.com. The Company anticipates closing the transaction no later than Monday, January 8, 2007.

Daniel Canel, former CEO and majority shareholder of SIG, has become Chairman of JumpTV's Latin American business unit, and will contribute materially to the Company's overall sports and corporate development initiatives.

Canel noted, "I am delighted to join the hard-working, dynamic and visionary management team at JumpTV. The SportsYa.com asset will be highly complementary to JumpTV, and we have the building blocks in place to experience rapid growth in subscribers and advertising in our Hispanic and sports businesses."

Pursuant to the acquisition, the Company has issued 521,345 of its Common Shares. Application has been made to the London Stock Exchange for these shares to be admitted to AIM, such shares are expected to be admitted to AIM on January 9th, 2007. Following the admission of the new Common Shares, the Company's issued share capital will consist of 35,342,466 Common Shares of no par value.

Management Appointments

JumpTV announced today that its board of directors has appointed Kaleil Isaza Tuzman as president and chief operating officer of JumpTV Inc. Isaza Tuzman will continue to serve as president and chief executive officer of JumpTV International, the Company's wholly owned subsidiary. In addition to his current role heading the Company's global business development and international operations, Isaza Tuzman will assume the day-to-day management of the Company's overall business operations, including marketing, network operations and product development. The appointment is effective immediately.

Alex Blum, who had previously held the position of president and chief operating officer of JumpTV Inc., will continue with the Company through the end of January to help facilitate the transition after which time he will serve on JumpTV's Advisory Board and assume his new role as chief executive officer of a social networking and user generated content application service provider based in New York City, a technology provider to JumpTV.

In addition, the following appointments have been made:

Sila Celik, based in London, UK, chief operating officer of JumpTV International, has been named head of global operations.

Lucy Kupnicki, based in Toronto, Canada, has been named head of program management.

Brian Adams, based in Toronto and New York, vice president of engineering and media services, has been named head of the product development group.

Mark David, based in London, UK, managing director of JumpTV International, has been named head of JumpTV's global sports initiatives.

Mike "JB" John-Baptiste, based in San Francisco, formerly vice president, Internet at First Data Corporation, has been named head of global enterprise distribution partnerships.

Noel Biderman, based in Toronto and formerly a consultant at IPTV Limited, has been named head of product marketing and documentation.

Brenda Gibson, based in Toronto and formerly director of finance at Yahoo!, Inc., has been named controller.

Kevin Foong, based in Singapore, general manager of JumpTV's Asia Pacific group, will be joining the Company's strategy committee.

Commenting on these appointments, G. Scott Paterson, chairman and chief executive officer of JumpTV stated, "We have built an incredibly strong team of executives with global reach and experience. When I became CEO in May 2005, we had only seven exclusive channel partnerships and no third-party marketing/distribution relationships. Under Kaleil Isaza Tuzman's leadership and tireless efforts, we have become the single largest carrier of ethnic television in the world with more than 250 exclusive channel agreements today, top-notch sports content and world-leading marketing/distribution partners. The board of directors and I are confident that in Kaleil's expanded role he will provide the day-to-day leadership for our Company to achieve our objectives for 2007 and beyond."

Isaza Tuzman stated, "We have built an exciting business model and a strong technical foundation at JumpTV. I look forward to leading the execution of the next phase of our development -- subscriber acquisition and the introduction of advertising -- while at the same time continuing to broaden our content offering and enhancing our world-class video experience on the Internet. The online broadcasting industry is evolving at lightning speed and we plan to remain at the forefront of this evolution."

About JumpTV

JumpTV (AIM: JTV) (TSX: JTV) is the world's leading subscription-based broadcaster of ethnic television over the Internet. With over 250 channels from 70+ countries, JumpTV delivers its subscribers full-screen news, sports and entertainment content on a real-time basis from all corners of the globe. JumpTV has subscribers from over 80 countries who view channels on the JumpTV online network via high-speed Internet connections on their home computers, laptops, Internet-enabled televisions and mobile phones.

Forward looking statement

Certain statements herein may constitute forward-looking statements, including those identified by the expressions "may", "will", "should", "could", "anticipate", "believe", "plan", "estimate", "potential", "expect", "intent" and similar expressions to the extent they relate to the Company or its managements. These statements reflect the Company's current expectations and are based on information currently available to management. These forward-looking statements are subject to a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from current expectations, including the matters discussed under "Risk Factors" contained in the Company's prospectus (admission document) dated August 1, 2006. These forward-looking statements are made as of the date hereof, and the Company assumes no obligation to update or revise them to reflect new events or circumstances.

This document is available on the KCSA Worldwide Website at www.kcsa.com

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