SOURCE: Wi-Fi TV Inc.

March 07, 2008 10:44 ET

Wi-Fi TV Auctions Bring Live Internet TV to eBay Style Selling

NEWPORT BEACH, CA--(Marketwire - March 7, 2008) - Wi-Fi TV Inc. (PINKSHEETS: WTVN) announced in a webcast last night that it will be bringing live Internet TV to the multi-billion dollar online auction sales industry pioneered by eBay. What is unique about a Wi-Fi TV Auction is that in addition to a shopping cart which allows Wi-Fi TV users to place bids on items being sold, there will be a monthly live Wi-Fi TV auction. In this live auction, the last ninety minutes of bidding on items will be carried live on the home page of Wi-Fi TV with live video and audio.

"With live Internet TV coverage of the monthly live Wi-Fi TV Auction, for the first time all the excitement, video, sounds and action of a live auction combine with the type of online selling pioneered by eBay and loved by millions of Internet users around the world," said Rachelle Kuzma, Director, Wi-Fi TV Inc.

Wi-Fi TV expects both themed and multi-topic live auctions, and is already lining up cars, wine, real estate, and other types of auctions. Wi-Fi TV will also make a final determination by next Wednesday whether it will be presenting the auctions in partnership with any other company.

Wi-Fi TV will present the auctions live at www.Wi-FiTV.com. Wi-Fi TV has also registered the URLs www.Wi-FiTVAuction.com and www.Wi-FiTVAuctions.com for use in directing Internet traffic to its unique new combination of online auctions and Internet TV technology.

The announcement regarding the Wi-Fi TV Auctions was made as part of a webcast by Wi-Fi TV founder and Chairman Alex Kanakaris which can be viewed at www.Wi-FiTVNewsblog.com.

TECHNOLOGY, CONTENT AND REVENUE

The webcast addressed, among other issues, the Company's sale of Internet TV stations to small and large business, technology and content additions to its Social Internet TV™ website www.Wi-FiTV.com, global expansion strategy, revenue development, and corporate news. It also addressed the Company's long-term valuation strategy.

ABOUT WI-FI TV

Wi-Fi TV™ is a pioneer of TV on the Internet. Wi-Fi TV Inc. has long touted the coming convergence of TV and the Internet, and provided the first online movie in December 1995.

Wi-Fi TV Inc. provides Social Internet TV™, a new generation TV delivery platform that has a geographic sphere out-distancing any traditional cable or over-the-air TV broadcaster.

The Wi-Fi TV website (www.Wi-FiTV.com) is the only place on the Internet where you can watch hundreds of TV stations and chat with others watching the same program in a live chat box directly under the viewing screen, and get breaking news for each country and category listed, and download a free dialer and make phone calls and host live video parties all on one website.

The Company was launched in 1995 and has been publicly traded since November 1997.

For information on purchasing a Wi-Fi TV Station, send an email to info@wi-fitv.com or call 949-675-5011.

For press relations, contact Colby Marceau, 949-716-9397, info@wi-fitv.com.

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. Wi-Fi TV and Social Internet TV are trademarks of Wi-Fi TV Inc. and all rights pertaining to these names are reserved. This press release shall not be deemed a general solicitation. eBay is a registered trademark of eBay and there is no relationship between Wi-Fi TV Inc. and eBay.

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