Live 8 and Movie Box Office Totals Point The Way To Internet Delivery of Content, States Wi-Fi TV Inc. Chairman Alex Kanakaris


NEWPORT BEACH, Calif., July 5, 2005 (PRIMEZONE) -- Since 2005, Wi-Fi TV Inc. (Pink Sheets:WFTV) has been involved in the Internet delivery of entertainment content. The company's Chairman, Alex Kanakaris, has been touting the future of Internet content delivery for many years at Internet conferences, on radio and in TV interviews -- including two co-hosted by Internet co-founder Vinton Cerf -- and in a book.

Over the past two weeks, Mr. Kanakaris has addressed a public audience in New York and answered questions from the media on new developments in the delivery of entertainment content over the Internet.

Yesterday, Mr. Kanakaris stated, "This weekend's historic Live 8 concerts showed TV at its worst and the Internet at its best. While MTV veejays talked about the Live 8 concert, and either cut away from the performances or didn't show them at all, AOL offered the concerts in their entirety to Internet viewers.

"While Hollywood tries to figure out why there have been declines in box office revenue, consumers are up in arms over the cost of taking a family to a theater, and are enjoying watching movies in their homes.

"With the increasing availability of broadband and wi-fi connectivity, consumers can now enjoy movies, TV, phone calls and more by using the Internet," Mr. Kanakaris stated.

Wi-Fi TV Inc. offers Internet delivery of TV channels and phone calls for free at www.wi-fitv.com and will be offering multiple targeted advertising opportunities for this ad-based delivery. Wi-Fi TV Inc. also offers freed demonstrations on online movie delivery technology at www.CinemaPop.com.

About Wi-Fi TV Inc.

Wi-Fi TV, Inc. (www.wi-fitv.com) (www.cinemapop.com) has a history of innovation in online content delivery and plans to quantify the value of this unique experience now that high-speed Internet delivery is becoming available to millions of consumers around the world. Wi-Fi TV draws on the latest IPTV technology and 10 years of experience in the delivery of video over the Internet in launching its new service.

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 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. This press release shall not be deemed a general solicitation.



            

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