SOURCE: Magicweb, Inc.

November 16, 2005 11:37 ET

Magicweb, Inc. Announces Investment Banking Agreement

LOS ANGELES, CA -- (MARKET WIRE) -- November 16, 2005 -- Magicweb, Inc. (OTC: MGWB), creator of BOIP (broadcasting over internet protocol) technology, announced today that it has signed a one year non-exclusive investment banking agreement with S.G. Martin Securities LLC of Rocky Point, New York.

Magicweb's CEO, Herbert Becker, stated, "We are delighted with the high level of professionalism we have seen with the team at S. G. Martin."

S. G. Martin Securities is a full service investment management and brokerage company that has a broad range of capabilities.

Mentioned      Last      Change
MGWB           1.90     (Unchanged)
The Magicweb technology is the only system that has the EnterVision Broadcasting system; it is a redundant broadcast transmission system and service for the television and radio broadcasting industry. In an industry which spends billions of dollars on transmitting broadcasts via satellite, Magicweb is a major cost-saving alternative. It is more secure, more dependable and gives a cleaner, brighter image to the consumer. This new technology is referred to as IPTV (Internet protocol television transmission). This enabling solution transmits the telecast via IP in a digital video, high definition signal and sends them out for the desired platform delivery creating a brilliant video without loss of quality or with the chance of signal loss or signal piracy. It provides live, brilliant TV direct from the broadcaster to your home, set top box or cable provider.

Forward-Looking Statements Caution:

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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