P2P Health Systems Inc.

November 14, 2007 14:02 ET

P2P Signs MOU

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 14, 2007) - P2P Health Systems Inc. (TSX VENTURE:PTP) (the "Company" or "P2P") is pleased to announce the signing of a Memorandum of Understanding with Bite Television Inc. ("BiteTV") of Mississauga, Ontario. The Company and BiteTV will negotiate the non-exclusive distribution of certain video content through the ReelJoe portal. A formal agreement will be announced upon signing and is subject to regulatory approval.

Bite Television Inc.

BiteTV is Canada's Emmy® award winning multi-platform television network delivering comical, sexy and totally off-the-wall entertainment. BiteTV presents Canadian and International short content for the 18-34 year-old male with a short attention span and offers on-air interaction, online participation, wireless downloads, PC and mobile chat-to screen, podcasts and much more.

Company Profile

P2P is focused on continuing to commercialize the Reel Joe peer to peer streaming technology as it will be the major growth center for the coming decade. P2P has positioned itself in the forefront of the next generation of medical information, online content and distribution companies which will offer innovative cutting edge distribution models.

Reel Joe will enable viewers to watch secure on-demand video on their computer with no added investment for equipment or software. Peer-to-peer streaming means content distributors will not need to invest in large expensive server networks in order to reach audiences.

Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in technology research and development. As a result, actual results may vary materially from those described in the forward-looking statements.

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