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To: Spark who wrote (13429)	4/25/2000 1:14:00 PM
From: ajs	Read Replies (1) \| Respond to of 19297

NCPP New Cinema Partners in Negotiations for Wireless Internet Service Nears Completion of Audit TORONTO, April 25 /PRNewswire/ -- New Cinema Partners Inc. (OTC Bulletin Board: NCPPE) is pleased to report that the Company is in the final stages of negotiations to enter a definitive agreement to participate in the rapid growth of the Internet in numerous less developed countries (LDCs). The initial project, of which New Cinema will hold 49%, is in partnership with Indotel Networks Inc., which plans to design and operate a wireless Internet system in the country of India. The company intends to initially target the six largest cities in India, with a combined population in excess of 100,000,000 people. Internet use in India is growing at a rate of 300% per quarter and yet market penetration is a fraction of that in other countries. To a certain extent Internet market penetration in the country is hampered by the overburdened state-owned telephone company. India, with its huge and densely packed urban centers is ideal for a wireless delivery system. Although the telephone system is inadequate, market penetration for television is enormous. Reception is generally by antenna, not cable, thus allowing the installation of economical wireless internet-enabled television set top boxes such as "web tv" in instances where the cost of a computer is not an option for the user. Internet related revenue sources would include ISP subscriber fees, modem and set top box (hardware) rental and sales revenues, and a proprietary portal which would generate advertising fees and e-commerce opportunities. Market penetration of even one tenth of one percent in the six major urban centers would present a substantial profit opportunity for the Company. According to Mr. Frank Guido, President of New Cinema Partners, "This represents a fabulous opportunity for the company, for the shareholders and for the future. We are very excited." Mr. Guido is also pleased to announce to shareholders that a complete audit of the Company is near completion. Upon the receipt of the audit by the Board of Directors, the Company's attorneys will be filing a "Form 10" with the Securities and Exchange Commission. The Company is actively pursuing various options as relates to its current listing status. This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the proceeding discussion, the words "plan," "confident that," "believe," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any forward-looking statements. Contact: Frank Guido, President of New Cinema Partners Inc., 310-208-5503