SOURCE: Magicweb, Inc.

December 01, 2005 08:00 ET

Magicweb, Inc. Unveils New Internet Television Broadcasting System

LOS ANGELES, CA -- (MARKET WIRE) -- December 1, 2005 -- Magicweb, Inc. (OTC: MGWB) announced today that it has launched its "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.

With the ability to transmit analog, digital and HDTV broadcast signals utilizing conventional computer networks, commercial applications for the technology include local and network broadcasting; remote video transmission as a replacement for or as a supplement to satellite transmission; real-time videoconferencing throughout the U.S. and internationally; and commercial, industrial, and governmental security and surveillance applications. For homes, the EnterVision™ Broadcasting System can provide video-on-demand and video security surveillance without the need for specialized decoder boxes, utilizing only a home computer and broadband Internet access.

According to Herbert Becker, Company C.E.O., "Our cutting-edge technology raises the threshold for what will be considered to be 'acceptable' standards for video applications utilizing Internet transmission protocols. There has been a demand from the public for our technology and I am proud to say we are ready to roll it out."

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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