MPTV NEWS OUT!!!!!!!
Wednesday September 23, 7:30 pm Eastern Time
Company Press Release
SOURCE: MPTV, Inc.
MPTV Inc. Announces Renegotiations of Mortgage
Financing At Lake Tropicana Timeshare Project
NEWPORT BEACH, Calif., Sept. 23 /PRNewswire/ -- MPTV, Inc. (OTC Bulletin Board: MPTV - news), a Nevada
corporation, announces that the management of the Company has substantially completed renegotiations of the mortgage
refinancing of the Lake Tropicana timeshare project and is in the process of meeting certain reasonable conditions. Closing is
anticipated before the end of October. The financing includes capital for construction, sales and general operations. Management
expects to bring this project back on line prior to the end of 1998. An additional project is scheduled to open following the opening
of Lake Tropicana. The additional project is located in on the Big Island of Hawaii.
MPTV is engaged in Timeshare Resort Development, Resort Management and Vacation Oriented Television Entertainment and
Advertising.(1)
(1) This sentence constitutes a forward looking statement, and is subject to various factors that could cause actual results to differ
materially from the result anticipated in such forward looking statement.
SOURCE: MPTV, Inc.
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