SOURCE: Magicweb, Inc.

January 24, 2006 09:43 ET

Magicweb to Present, Moderate and Exhibit at IPTV World Forum in London, England

MASSAPEQUA, NY -- (MARKET WIRE) -- January 24, 2006 -- Magicweb, Inc. (OTC: MGWB) announced today that they are a Silver sponsor of the London IPTV World Forum

Other sponsors include Siemens, Cisco Systems and IBM. The four day forum is aimed directly at the industries supporting IPTV market growth; telcos, broadcasters, content providers, device manufacturers, technology providers, software providers, system integrators and broadband providers.

According to Herbert Becker, Company C.E.O., "We see the IPTV conference in London as a perfect venue to showcase our advanced technology. Whenever people have viewed our broadcasts in operation, they are left breathless, there simply is nothing else like it in the industry."

The EnterVision™ system is a software copyright, patent pending broadcasting system that has been developed to replace satellite transmissions of video. The system is designed to seamlessly transmit video from the content producer to home television either through a cable TV provider or directly via set-top box. Cost savings and clarity versus satellite transmissions is substantial.

Other benefits of the system is the ability to broadcast, in real time, into any Java™ ready device without the need of a player or special software making streaming media obsolete.

Except for historical matters contained herein, the matters discussed in this press release are forward looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements reflect numerous assumptions and involve risks and uncertainties that may affect Magicweb, Inc. and its subsidiary businesses and prospects and cause actual results to differ materially from these forward-looking statements. Among the factors that could cause actual results to differ are: Magicweb, Inc.'s operating history; competition; low barriers to entry; reliance on strategic relationships; rapid technological changes; inability to complete transactions on favorable terms; and those risks discussed in the Company's filings with PinkSheets.

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