SOURCE: Magicweb, Inc.

August 02, 2005 10:06 ET

Magicweb Expects Its Plan to Replace the Older and Very Expensive Satellite Transmission Systems Will Win Broadcasters Over

Bringing Broadcast Transmissions Back "Down to Earth"

LOS ANGELES, CA -- (MARKET WIRE) -- August 2, 2005 -- Magicweb, Inc. (OTC: MGWB), a broadcasting solutions company, today announced that they have completed the next development stage of their proprietary audio/video transmission system.

Magicweb expects to tap into this multi-billion dollar market.

"Satellite transmission systems were right for the time and still fill certain needs; our system replaces them for the most part and puts the power of global communications back in the hands of the broadcaster."

The Magicweb system allows broadcasters to transmit directly to cable providers via IP rather than via satellite, saving billions of dollars for the broadcasters.

A broadcaster such as CNN or CBS will be able to link directly into the Internet backbone and onto any cable provider. They will also have the option to transmit directly to consumers with or without a set top box. They will also be able to broadcast on wi/fi to all wireless ready devices.

Transmission quality meets the same high standards as those used by the industry.

Broadcasting costs have soared in recent years; the Magicweb TV solution is bringing the costs back "down to earth."

Broadcasters switched from aerial transmissions to satellites in the early seventies and really reached their peak by 1980. The transition was costly and frustrating for the industry, but eventually broadcasters moved to satellite transmissions to cable providers. The Magicweb system will be the latest evolution of broadcast transmissions and the broadcasting industry as a whole.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Magicweb, Inc. corporation's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 15c2-11 for the most recently ended fiscal year.

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