March 06, 2007 09:15 ET

Wi-Fi TV Interviewing Nominated Advisors and Partners for Potential Listing and IPO on London/AIM Exchange

NEWPORT BEACH, CA -- (MARKET WIRE) -- March 6, 2007 -- On February 21, 2007, Wi-Fi TV Inc. (PINKSHEETS: WTVI), creator of the Social Internet TV platform, announced it was seeking partners and a nominated adviser for a potential IPO and listing on the London/AIM Exchange.

Today, Wi-Fi TV announced that it has received several indications of interest from nominated advisors and potential partners and is now in discussions in the United States and England determining who to retain to move forward with plans for a potential IPO on the London/AIM Exchange.

"The huge valuations of YouTube, purchased by Google for $1.6 billion, and MySpace, purchased by Rupert Murdoch's Fox for several hundred million dollars, and the recent successful London/AIM IPO of Jump TV, have created a hot and growing market for the kind of live TV, user video and social networking site that we have created with Wi-Fi TV. The relatively undiscovered nature of Wi-Fi TV, and its proven potential based on the global response to the very small marketing campaign undertaken so far, have whetted the appetite of potential partners to take Wi-Fi TV to the next step with a potential IPO and listing on the London/AIM Exchange and/or other global exchanges," stated Wi-Fi TV Inc. founder and Chairman Alex Kanakaris.

"We believe that the added financial resources that would result to Wi-Fi TV from any IPO, and the added following that any listing on London/AIM and/or other foreign exchanges would bring, would be of tremendous benefit to all our shareholders.

"We will be selecting and announcing our team for the potential IPO and listing on the London/AIM Exchange within thirty days. There can never be any assurance that either an IPO or listing on London/AIM will occur, but we are surprised and delighted by the high level of response and that we will be able to assemble a world class team to lead our global finance and investor efforts," added Mr. Kanakaris.

"Wi-Fi TV seeks to increase shareholder value through the mass marketing of our new website and through an improved capital structure. We have been following the growth and developments on the London/AIM Exchange for several years," Mr. Kanakaris stated in February when initially announcing that Wi-Fi TV Inc. was exploring opportunities in England.

It has not yet been determined whether a London/AIM Exchange listing would represent the same Wi-Fi TV Inc. stock currently traded in the U.S., a new class of Wi-Fi TV Inc. stock, or the stock of a Wi-Fi TV Inc. subsidiary. However, any such listing would be structured to create potential benefit and value for all Wi-Fi TV Inc. shareholders.

Wi-Fi TV Is a Pioneer In Online TV

Wi-Fi TV Inc. has long touted the coming convergence of TV and the Internet, and provided the first online movie in December 1995. The Wi-Fi TV web site 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 dialer and make free phone calls all on one web site.

About Wi-Fi TV Inc.

Wi-Fi TV Inc. provides a new generation TV delivery platform that has a geographic sphere out-distancing any traditional cable or over-the-air TV broadcaster. Wi-Fi TV memberships are free at and include such perks as free online phone calls and free chat and free online parties.

Ownership of Wi-Fi TV Stations is available at $25,000 (full details are on the web site Several financing options are available.

The Wi-Fi TV Channel Sales Blog is at

The Company was launched in 1995 and has been publicly traded since November 1997, and has been a pioneer in the delivery of video and books over the Internet.

Press Relations

Wi-Fi TV Inc. has opened a content and technology demo room for the press in Newport Beach, California. For further information contact Colby Marceau, (949) 716-9397,

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.

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