JumpTV Inc.

JumpTV Inc.

December 15, 2006 05:46 ET

JumpTV to Acquire Sports International Group in Stock Transaction

Leading Hispanic Sports Portal www.SportsYa.com Launching Pad for JumpTV's Sports Content Expansion Strategy

TORONTO--(CCNMatthews - December 15, 2006) - JumpTV Inc. (AIM: JTV) (TSX: JTV) (www.jumptv.com), the world's leading broadcaster of ethnic television over the Internet, announced that through its wholly-owned subsidiary JumpTV International it has entered into a definitive agreement to acquire all outstanding capital stock of privately-held Sports International Group LLC ("SIG"), the owner and operator of www.SportsYa.com, a sports content website targeting the Hispanic market residing in the United States and Latin America which generated nearly 200,000 unique visitors and 5 million page views in November.

The acquisition will be funded through the issuance of JumpTV common shares at closing (expected to be January 3, 2007), and JumpTV will enter into a long-term professional services agreement with SIG president and chief executive officer Daniel Canel.

JumpTV will maintain the www.SportsYa.com website and use the well-known SportsYa brand as a marketing vehicle to drive traffic and subscribers to JumpTV's Latin American television properties, while the Hispanic-oriented sections of www.JumpTV.com will drive traffic to Internet-broadcast Latin American sports matches to be offered through SportsYa on a pay-per-view, video on demand and subscription video on demand (SVOD) basis. JumpTV anticipates keeping in place the newly-formed marketing alliance between SportsYa and leading Hispanic portal www.Batanga.com.

Kaleil Isaza Tuzman, president and chief executive officer of JumpTV International stated, "We see this acquisition as the 'coming out' for our dedicated sports content acquisition strategy at JumpTV. We intend to be the leading online destination for expatriates to view sports matches -- fitting with JumpTV's goal to be the 'World's Online Television Network'. In North America, the sports media world is dominated by football, baseball and basketball but for JumpTV's primary audiences (immigrants in North America and Western Europe), soccer, cricket, car racing, tennis and boxing are amongst the sports of choice."

Isaza Tuzman continued, "We are confident that the addition of SportsYa will drive fans to JumpTV's live feeds of our Hispanic-focused television stations and our growing portfolio of soccer-focused pay-per-view sports content will find a perfect home with SportsYa's audience. The Hispanic media market is expected to grow to over 60 million people in the U.S. in the next few years, and we believe sports content will be at the vanguard of this explosion."

Daniel Canel, new chairman of JumpTV's Latin American and Caribbean operations commented, "The combination of JumpTV with SportsYa.com offers a powerful value proposition of leading sports news and information with the best in Spanish-language television content broadcast on the Internet. We believe that the joint offering will hold tremendous attraction to the millions of Latinos living in high-broadband penetration countries who are rabid sports fans. I am thrilled to join JumpTV at such an exciting time in its development and I look forward to working with such a dynamic management team."

SIG is one of the most respected online producers and distributors of Spanish language sports content, and delivers approximately 200-250 proprietary Spanish and English sports news items daily through www.SportsYa.com, covering a range of sports including soccer, car racing, baseball, football, tennis, boxing, basketball, golf and hockey.

Mr. Canel was formerly president and chief executive officer of Patagon.com, a pioneer in online banking, which was sold to Banco Santander Central Hispano in 2001. Prior to this, Daniel was managing director of Emerging Markets at JPMorgan, Chase Bank and UBS in New York and London. He brings with him more than 20 years of experience in the investment banking and media industries, and a proven track record of success. Under the terms of the agreement, Mr. Canel will join JumpTV as chairman of JumpTV's Latin American operations.

SportsYa.com offers original programming such as "Futbol de Primera," as well as access to the popular Mexican sports radio station "Estadio W."

G. Scott Paterson, chief executive officer of JumpTV added, "SportsYa.com adds a strong and recognizable brand to the JumpTV family. Latinos around the world already look to SportsYa.com for their sports news and information. Tapping into SportsYa's large visitor base should help accelerate our subscriber acquisition efforts in the coming year."

Paterson continued, "With Daniel Canel joining JumpTV, we have added a world-class executive and bolstered our business development efforts globally. Daniel's experience in both the Internet and finance deepens our executive team."

This transaction is subject to regulatory and Toronto Stock Exchange approval.

About JumpTV

JumpTV (AIM: JTV) (TSX: JTV) is the world's leading subscription-based broadcaster of ethnic television over the Internet. With over 240 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.

About Sportsya

Sportsya was founded in 1998 as a sports portal in Spanish, www.sportsya.com and belongs to Sports International Group (SIG) LCC. It covers a wide variety of international sports disciplines; it distributes multimedia sports content and promotes sports in Latin America and USA. Sportsya headquarters is located in Miami and it has regional offices in Buenos Aires and Mexico, and corresponding journalists in the main sports locations of the world. Sportsya is associated with the Mexican sports giant, Estadio W Group.

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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