SOURCE: Magicweb, Inc.

March 07, 2006 07:19 ET

Magicweb, Inc. Introduces Multi-Channel Internet Broadcast Server; Demonstration Project Underway

NEW YORK, NY -- (MARKET WIRE) -- March 7, 2006 -- Magicweb, Inc. (OTC: MGWB) announced today that it had begun taking orders for its new multi-channel Internet Broadcast Server ("IBS") which utilizes the Company's proprietary "EnterVision™" Internet television broadcasting system. The Company also announced a joint-venture demonstration project for this new system with Debt Relief Solutions, Inc. of Islandia, NY ("DRSI"), which will use the IBS system to broadcast educational and informational television programming to its clients and the general public during a sixty-day trial commencing in April.

The joint-venture agreement will allow DRSI to broadcast up to four channels of broadcast-quality television programming via a link on its corporate website under a technology license granted by MagicWeb, Inc., together with an option to lease the system upon the expiration of the demonstration period. The broadcasts, which will include live studio video as well as pre-recorded DVD video content, will be available to the public as well as to clients of DRSI. The broadcasts can be viewed via the Internet on virtually all home and portable computers anywhere in the world without the requirement for any specialized software, with best results being obtained by computers with broadband Internet connections.

"We are excited about our new relationship with Debt Relief Solutions, and expect that this demonstration project will showcase the many commercial and educational applications of our revolutionary IPTV technology," said Kevin McDonnell, Director of Business Development.

More About Magicweb, Inc.:

Magicweb, Inc. is the developer of the "EnterVision"™ Broadcasting System, a proprietary, real-time broadcasting system for television transmission delivery via IPTV (Internet protocol television transmission). The technology is similar to VoIP (Voice over Internet Protocol), which provides the ability to make telephone calls over the Internet using conventional telephones. Unlike VoIP, however, there are no FCC regulations for the transmission of television or radio signals utilizing the IPTV format. And, unlike existing "streaming video" technology that utilizes packet-switched data transmissions and requires users to have dedicated programs to "play" video files, the EnterVision™ technology allows television broadcast quality 30.3 frames-per-second video to be transmitted on a real-time basis utilizing discrete JPEG files. Additional information on the company can be found at www.magicwebtv.com.

More About Debt Relief Solutions, Inc.:

Debt Relief Solutions, Inc. provides the American consumer free confidential placement services to professional budget counseling, debt management, and mortgage service companies. Hundreds of thousands of consumers who have needed help with their finances have chosen Debt Relief Solutions to assist them to make potentially cost-saving financial decisions to help them out of debt. Debt Relief Solutions' goal is to help the American consumer become debt free and assist them by providing alternative choices for mortgages services and/or debt management companies. These companies provide helpful financial education and aim to ultimately better the consumer's financial lives. Debt Relief Solutions is dedicated to customer commitment, quality and integrity and upholds the highest standards in helping consumers across America become debt free. Additional information about the company can be found on the Internet at www.DebtReliefSolutions.com. For further information about Debt Relief Solutions, Inc. or questions regarding Debt Relief Solutions, Inc., contact Thomas Kelley at 1-888-433-2843, Ext. 1127 or email at tkelley@debtreliefsolutions.com.

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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