SOURCE: Magicweb, Inc.

October 27, 2005 20:43 ET

Magicweb, Inc. Goes Public

LOS ANGELES, CA -- (MARKET WIRE) -- October 27, 2005 -- Magicweb, Inc. (OTC: MGWB) is an emerging company with a developed, proprietary, real-time broadcasting system for telecast delivery over IP.

Magicweb's management reports that they are confident that an investment announcement is imminent and thus provide those individuals who believe in the future prospects of the company with an opportunity to participate in the growth of Magicweb as its business model is developed further and market penetration is taken full scale.

"Taking our company from the private sector to the public sector will help with the next stage of our development," says Herbert L. Becker, President and CEO of Magicweb, Inc. "We have pioneered broadcast transmissions via Internet protocol and we are looking forward to bringing in more rapidly the benefits that we offer to the market place."

About Magicweb, Inc.

Magicweb, Inc. is an emerging company with a developed real-time, proprietary broadcasting system for telecast delivery over IP. It is referred to as IPTV (Internet protocol television transmission). This enabling solution transmits the telecast via IP in digital video, high definition signal or archived video source 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's live, brilliant TV direct from the broadcaster to your home, set top box or cable provider. Magicweb, Inc. is a publicly traded company on the PinkSheets under stock symbol MGWB.

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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