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To: SSP who wrote (33451)	3/6/2000 9:31:00 AM
From: SSP	Read Replies (1) \| Respond to of 150070

MPTV, INC. ANNOUNCES AN AGREEMENT WITH PRIVATE INVESTMENT GROUP TO PROVIDE $8 MILLION WORKING CAPITAL FINANCING AND A PROPOSED ONE-FOR-20 Reverse Stock Split NEWPORT BEACH, Calif., Mar 6, 2000 /PRNewswire via COMTEX/ -- MPTV, Inc. (OTC Bulletin Board: MPTV) has signed an agreement with a private investment group to provide financing for working capital and operating funds related to the Lake Tropicana Timeshare Resort. The Agreement will provide an estimated $8 Million Dollars as required to finance operating expenses other than construction expenses. These funds will be used to initiate Phase I of the planned 552-unit timeshare. (1) Lake Tropicana Timeshare Resort is a timeshare project projected to generate 28,800 timeshares at an average price of $12,000 per timeshare. Phase I is planned to renovate 40 condominium units into 2, 080 timeshares at an average price of $12,000. (1) Earlier MPTV, Inc. announced a construction financing Letter of Intent for $52 Million Dollars. The lender involved with this loan has informed MPTV that the schedule for the closing of the loan is on target and is expected to be completed within a six-week time frame. (1) The proposed one-for 20 reverse stock split will provide the corporation the ability to raise additional capital to finance the improvements and working capital needed to initiate timeshare sales at Lake Tropicana Timeshare Resort in Las Vegas, Nevada. The above announced financing is conditioned upon the enactment of the one-for-20 reverse stock split. This financing will facilitate the initial development, without it the corporation cannot continue with the development of the project. (1) MPTV Inc. and its subsidiaries are engaged in Timeshare Resort Development, Resort Management and Vacation Oriented Television Entertainment and Advertising. MPTV, Inc., current timeshare resort development is Lake Tropicana Timeshare Resort in Las Vegas, Nevada. The Lake Tropicana Timeshare Resort is located in Las Vegas, Nevada between the MGM Grand Hotel and Casino, the new Aladdin Hotel and Casino on the "Strip " and the Hard Rock Cafe and Hotel Casino on Paradise and Harmon Avenue. The "Harmon Corridor" has been designated as a tourist's corridor and is undergoing transformation with two new casino hotels and three large timeshare projects planned for this area. For more information contact: Pat Rost of PMR and Associates, 760-942-0015. (1) This paragraph 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. (C) 2000 PR Newswire. All rights reserved. prnewswire.com -0- CONTACT: Pat Rost of PMR and Associates, 760-942-0015, for MPTV, Inc. (MPTV)