VANCOUVER, British Columbia , July 29, 2004 (PRIMEZONE) -- Mr. William Massey, President of the Cinema Internet Networks Inc. (TSX-Venture Exchange:CWK), announces that the Company has completed a shares for debt settling outstanding debt totalling $169,750.90. The shares issued are 1,697,509 shares of the Company at a deemed price of $0.10 per share. The shares have a hold period expiring on November 14, 2004.
Regulatory approval to the shares for debt was obtained on July 13, 2004.
For information on the company, please call Investor Relations: I R Unlimited Services Inc. Address: 201 - 7 St. Paul St. W., Kamloops, BC, V2C 1E9, Fax: 250.374.6166 or Toll Free: 1.888.374.0777.
E-mail: info@irunlimited.com, or visit: our website for a list of the Company's High Speed Internet Installations at www.cinemaworks.com
ON BEHALF OF THE BOARD OF DIRECTORS "WILLIAM MASSEY" WILLIAM MASSEY, Director
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