MPTV, Inc. AND OXFORD INTERNATIONAL, Inc. MEET TODAY
IN LAS VEGAS, NV TO REVIEW LOAN DOCUMENTS
NEWPORT BEACH, Calif., Dec. 14, 2000 / PRNewswire/ -- MPTV, Inc. (OTC BB:
MPTV), a Nevada corporation, is participating in a construction loan
document review at the property in Las Vegas, NV with the Oxford
International, Inc. senior management team.
Hurley C. Reed CEO of MPTV explained, "Meeting today at the property in
Las Vegas, NV provides the environment and the excitement that we feel in
finalizing the $52,500,000 loan agreement that we've been negotiating for
the past two months. With the property as the backdrop, we can continue
face-to-face to work on the outstanding closing issues that have arisen
from changes suggested by or agreed to by both parties."
MPTV, Inc.'s current project is the proposed Lake Tropicana Timeshare
Resort and Towers located in Las Vegas, Nevada between the MGM Grand
Hotel/Casino, the Aladdin Hotel/Casino on the "Strip" and the Hard Rock
Café on Paradise and Harmon Avenue. The "Harmon Corridor" is undergoing
transformation with two new casino hotels and three large timeshare
projects planned for this area.
Except for the historical information presented herein, the matters set
forth in this press release are forward looking statements within the
meaning of the "safe-harbor" provision of the Private Securities
Litigation reform Act of 1995. These forward-looking statements are
subject to risks and uncertainties that may cause actual results to differ
materially. These forward-looking statements speak only as of the date
hereof. The Company disclaims any intent or obligation to update these
forward-looking statements.
SOURCE: MPTV, Inc. Website: www.laketropmptv.com
366 San Miguel, Suite 210, Newport Beach, CA 92660
CONTACT: Serena Riedel, RealSense.com Investor Relations
Email: MPTV@realsense.com Shareholder Calls (603) 685-6000 |
