SOURCE: Magicweb, Inc.

March 16, 2006 10:00 ET

Magicweb, Inc. Retains Independent Auditors

MASSAPEQUA, NY -- (MARKET WIRE) -- March 16, 2006 -- Magicweb, Inc. (OTC: MGWB) announced today that they have retained the accounting firm of Sherb & Co, LLP. CPA's of New York City, NY as the Company's Independent Auditors and Certified Public Accountants.

One of the immediate goals of Magicweb, Inc. is to complete an independent audit of its financial statements and to file the necessary registration with the Securities & Exchange Commission to become a fully reporting issuer.

"One of our primary objectives is to bring Magicweb, Inc. to a fully reporting status," stated William J. Reilly, Esq., Director and General Counsel of Magicweb, Inc. "Further, it is our intent to move forward with our sales and marketing plan for 2006 and develop strategic alliances in the entertainment, broadcasting and government security sector. These actions underline the commitment to build shareholder equity and confidence."

About Magicweb, Inc.

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.

The Company would also like to welcome all new shareholders present or future to visit our new website at www.magicweb.com.

Contact Information

  • Contact Information:

    Kevin McDonnell
    Magicweb, Inc.
    (514) 807-5245

    Steve Sherb
    Sherb & CO.
    805 Third Avenue
    New York, NY 10022
    Phone Number: (212) 838-5100
    Fax Number: (212) 838-2676