October 14, 1999:  (17%) - 5th Avenue Channel (Nasdaq: FAVE), which runs
                         the 5thAvenueChannel.com web site, gained $0.8125 (17%) Thursday to end at $5.50
                         after signing an agreement with CN8, a division of Comcast Cable, for broadcast of the
                         5th Avenue Financial Television Network on CN8. The Comcast Network is known as
                         CN8 and is located on Channel 8 in the majority of homes using the Comcast Cable
                         system in some 2.5 million homes in the New York, Baltimore and Philadelphia areas.
                         When launched, the 5th Avenue Financial Television Network will air on CN8 during the
                         stock market trading day and will also be simulcast on the Internet. 

                         "The relationship with CN8 is at the center of our strategic plan for the launch and
                         roll-out of the 5th Avenue Financial Television Network," said Mel Rosen, 5th Avenue's
                         president, CEO and Chairman. "Comcast is an important force in cable television and
                         by launching into the high quality demographics of the northeast markets we are able to
                         test, develop and nurture our programming with our ideal customer base. Subsequent to
                         the successful launch of the channel within CN8, we will continue our strategic rollout
                         through distribution to additional cable and satellite systems across the United States,
                         Europe and Latin America." 

                         "5th Avenue has aggregated an impressive group of relationships and content for the
                         creation of a new type of exciting, practical and useful financial and entrepreneurial
                         television. This programming will be a 'must-see' for everyone from the serious to the
                         amateur investor," said Bob Bubeck, Director of Network Sales for the Comcast
                         Network. "This type of financial programming is exactly what we have been looking for
                         on CN8 and we are working very closely with 5th Avenue in the finalization of the
                         programming and the launch of the channel."