SOURCE: Wi-Fi TV Inc.

February 21, 2007 12:14 ET

Wi-Fi TV Seeks Partners for Potential IPO on London/AIM Exchange and Seeks to Improve Shareholder Value

NEWPORT BEACH, CA -- (MARKET WIRE) -- February 21, 2007 -- Wi-Fi TV Inc. (PINKSHEETS: WTVI), which has launched its new Social Internet TV platform this week at www.Wi-FiTV.com, is seeking partners and a nominated adviser for a potential IPO on the London/AIM Exchange.

"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 and have visited both the Exchange itself and nominated advisors to the Exchange," stated Chairman Alex Kanakaris.

"Wi-Fi TV feels it is undervalued in light of our new website. We believe there are significant short positions in the stock. We feel the way to change this is to get as many sign-ups as possible for our website, market our website, and seek an improved capital structure," added Kanakaris.

"Now that our new web site is launched, and now that the climate is strong for offerings in our sector, we are seeking partners for a potential IPO on the London/AIM Exchange. Jump TV recently was successful with an approximate $60 million (U.S.) IPO on the London AIM Exchange. There are no guarantees that Wi-Fi TV will be successful in obtaining a London/AIM Exchange listing or securing a similar or larger amount of funding. But I think it is important that shareholders know we have a plan and are concentrating on two things for the benefit of shareholders:

1) Marketing our new Wi-Fi TV website to the largest possible audience so
   that it has a chance to become a “household word” website;

2) Seeking a London/AIM Exchange listing and/or taking action to bolster
   our marketing budget and improve shareholder value.
"We look forward to discussions with potential partners and advisors for a London/AIM Exchange listing, and/or other capital structure options. We will have our team in London in March where they will also be promoting the Wi-Fi TV website to a European audience, as well as meeting with finance and exchange related officials. Whether the IPO would be for the same or a new class of stock, or for a Wi-Fi TV subsidiary company, has not yet been determined. However, any such listing would be structured with our current shareholders in mind. For example, Wi-Fi TV Inc. is exploring the reduction of its current convertible debt and/or a restructuring of same," said Chairman Alex Kanakaris.

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 was established twelve years ago, 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 www.Wi-FiTV.com 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 www.Wi-FiTV.com). Several financing options are available.

The Wi-Fi TV Channel Sales Blog is at http://www.wi-fitvchannelsales.blogspot.com

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, 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.

Contact Information