SOURCE: Satellite Newspapers Corp.

April 11, 2006 08:00 ET

Satellite Newspapers Acquires a Huge Asset to Enable It to Control Direction of Company

MIAMI, FL -- (MARKET WIRE) -- April 11, 2006 -- Satellite Newspapers Corp., (OTC BB: SNWP) has announced that it has acquired, as an asset, the Intellectual Property Rights of the Systems Design and the KiOSK Patents.

Formerly these were licensed to Satellite Newspapers Corp., but now they are entirely owned by Satellite. This is a big leap forward in the ability of the Company to have complete control over its destiny and expansion. The agreement was made between Media Finance Suisse, the former holder of the Rights, and Satellite Newspapers Corp, a Public Company with the symbol of SNWP.

Satellite has recently figured out a method of combining point of purchase newspapers through its KiOSK, with electronic digital printing, and bulk printing -- all providing the same day's paper delivered anywhere in the world.

About Satellite Newspapers Corp.

A U.S.-registered corporation based in Miami, Satellite Newspapers Corp. was formed to capitalize on the growing consumer demand for timely information from trusted publishers everywhere. In conjunction with over 200 different publications of leading newspapers in 60 countries, the company has developed an innovative satellite- and Internet-delivery system that prints out newspapers on demand from any location. The price to readers is minimal, typically ranging from only $2.65 to $6.50 per copy.

The Company distributes two different products through a multi-tiered distribution system of independently financed distributors. This unique distribution model accelerates growth, while minimizing risk. The two products are:

-- The Satellite Newspaper KiOSK™ -- An automated free-standing kiosk that enables readers to select and print leading newspapers in the newspaper's original layout within two minutes. KiOSKs are currently found throughout Europe, Asia Pacific, the South Pacific, and the Middle East.

-- The Satellite Newspaper CLiENT -- A user-friendly software application that enables users to print the latest edition of international newspapers from their own PC, either one copy at a time or in bulk.

Safe Harbor Statement

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward looking, such as statements relating to results of operations and financial condition and business development activities, as well as capital spending and financial sources. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of Satellite Newspapers Corp. For more information regarding these risks and uncertainties, review Satellite Newspapers Corp. filings with the Securities and Exchange Commission at www.sec.gov.

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