SOURCE: Wi-Fi TV Inc.

February 26, 2007 09:15 ET

Wi-Fi TV's Global Platform to Add Local Content and Reach Cars, iPods and iPhones as CNN Guests State That Wi-Fi and Internet Will Trump Satellite for Content Delivery

NEWPORT BEACH, CA -- (MARKET WIRE) -- February 26, 2007 -- Wi-Fi TV Inc. (PINKSHEETS: WTVI) unveiled a description of its growth plan for the newly introduced Social Internet TV platform (www.Wi-FiTV.com) today, in response to comments about the future of satellite radio made on the CNN TV program Reliable Sources which aired on February 25, 2007.

"Local content is the next step in the growth of the Wi-Fi TV platform. We are going to build up our Country, City, Topic and Member content while we also build our Multi-Platform delivery to include content for iPods and iPhones," stated Wi-Fi TV Inc. Chairman Alex Kanakaris.

Michael Harrison, editor and publisher of "Talkers" magazine, stated on CNN on Sunday, "Local is very important. And local will always be a major part of broadcasting. And there's no reason why the Internet and iPods and all of these other forms of technology can't provide local service to not only their communities, but to give everybody in the world a window on the microscopic specifics of each locality, which is very exciting when you think about it."

CNN program host Howard Kurtz was joined by Mr. Harrison and Marc Fisher, columnist for the Washington Post and author of "Something in the Air: Radio, Rock and the Revolution that Shaped a Generation."

There was a discussion regarding the $7 billion that XM and Sirius radio have reportedly spent collectively to garner 13 million users, and how these companies have reportedly lost a combined $6 billion in the past few years.

Michael Harrison said these services have offered great programming but, "Its just not the last stop on the track. And I think that Wi-Fi and Internet looms on the horizon as the real end to all of this diversity, because I think that's where it all will wind up.

"And what's going to happen is, all the money they spent on creating this satellite system will have gone, you know, into the red round disposable unit. The problem is, they're just going to be content providers. Everybody is a production company. Ultimately, the Internet is going to win out and hurt all of these other forms of media, making them seem old-fashioned," Mr. Harrison stated.

To this, host Howard Kurtz stated, "It sounds like you're not buying any satellite radio stock."

Marc Fisher of the Washington Post stated, "We're just a few years away from Internet-wireless Internet in the car. When that happens, the justification for satellite radio is really quite slim."

Wi-Fi TV Chairman Kanakaris stated, "Besides daily content and technology improvements to Wi-Fi TV, Phase 2 of Wi-Fi TV will launch on May 1 with multi-platform delivery features, including content for cellular phones and portable music and video players. We also plan to be the first online TV service catering directly to the car marketplace which Sirius and XM have targeted.

"Wi-Fi TV has introduced this past week the latest version of its vision for content delivery, building on many years of Internet experience, and it is a platform with individual pages for each Country, City, Topic, and Member where Wi-Fi TV has live TV stations or on-demand content.

"We are delivering a platform that is the future of content delivery. This week we will be improving the ease of free log-in, the ease of uploading member videos, enhancing the station listing and search features, and adding additional news feeds for our breaking news stories. In the next few weeks, we will be improving both the MyWi-FiParty and One-Web-World features. We are also going to be increasing the scope of the Wi-FiTVPhone which our members can quickly download for free," Mr. Kanakaris stated.

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. iPod and iPhone are registered trademarks of the Apple Corporation. Wi-Fi TV Inc. has no business relationship with the Apple Corporation.

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