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To: Dave Gore who wrote (7610)2/25/1999 9:51:00 AM
From: buckshot  Read Replies (1) | Respond to of 15987
 
(PR NEWSWIRE) MPTV Inc. Announces Commitment to Refinance
MPTV Inc. Announces Commitment to Refinance

NEWPORT BEACH, Calif., Feb. 25 /PRNewswire/ -- MPTV, Inc., a Nevada
corporation, announces that it has received a commitment to refinance the loan
for the Lake Tropicana Timeshare resort in Las Vegas, Nevada. The commitment
of $7,800,000 will pay off the underlying lienholder's on the property as well
as complete the construction of Phase I. The loan is scheduled to close prior
to March 31, 1999. Within approximately 60 days of the loan being closed,
sales will commence. In addition, MPTV, Inc., is involved in ongoing
negotiations for the procurement of additional working capital.
MPTV, Inc., is also pleased to announce the addition of Brent H. Hall as
Executive Vice President/CFO. Mr. Hall is a 14-year veteran of the real
estate development industry serving in senior management position with large
national public companies as well as successful experienced start-ups.
The Lake Tropicana Timeshare Resort is located on prime real estate in Las
Vegas, Nevada on 7.5 acres between the MGM Grand Hotel and Casino and the Hard
Rock Cafe and Hotel Casino. The Lake Tropicana Timeshare Resort consists of
22 buildings, tennis court, spa, swimming pools and recreation facilities.
MPTV, Inc., will offer 9,152 timeshare intervals at an average price of
$12,500 per interval, typical gross profits for the industry exceed 15%.(1)
The Lake Tropicana Resort will be MPTV's flagship property. Management
plans to open several off-site sales offices in California to increase sales
production at a rapid rate.
MPTV Inc. is engaged in Timeshare Resort Development, Resort Management
and Vacation Oriented Television Entertainment and Advertising.

(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, as more fully
discussed in Item 1 of MPTV's Annual Report on Form 10-KSB for the year ended
December 31, 1995 under "Forward Looking Statements."

SOURCE MPTV, Inc.
-0- 02/25/99
/CONTACT: James C. Vellema, Chairman of MPTV, Inc., 949-760-6747/
(MPTV)

CO: MPTV, Inc.; Lake Tropicana Resort
ST: California, Nevada
IN: LEI TLS RLT
SU:


*** end of story ***



To: Dave Gore who wrote (7610)2/25/1999 9:59:00 AM
From: Due Diligence  Read Replies (1) | Respond to of 15987
 
>>> ** MRPS ** sure is cheap here. 90% buys this morning but MM's dropped it,<<<

Yep. MM's snagged a few shares,covered, and released. Now .75 ask. harhar
DD



To: Dave Gore who wrote (7610)2/25/1999 10:00:00 AM
From: Jetta  Respond to of 15987
 
COSTA MESA, Calif.--(BUSINESS WIRE)--Feb. 25, 1999--Internet Infinity Inc. (OTC BB: ITNF - news) has registered getsuccess.com as a Web address for its future ''Success'' site.

George Morris, the chairman, Thursday announced that: ''With years of relevant experience under our belt, the company will be launching its new Success site within the next 60 days. The site will focus on providing online and other multimedia materials to help business and professional persons achieve success. getsuccess.com will deliver information from very successful persons in addition to selling its own Success information.''

The team at Internet Infinity has created and provided multimedia information for over 10 years. Morris has conducted sales and marketing training programs and has been a district coordinator for sales training for the American Society for Training and Development. He has lectured on sales and marketing for the University of Southern California (''USC''), the University of California Extension at Los Angeles (''UCLA'') and California State University. Morris has also written articles and conducted training and classes in finance, career development and entrepreneur skills.

''Our company has successfully developed and distributed multimedia training for computer and other subjects for years. Now is the time to deliver success information and training on the internet. We view this next evolution step for the company as a natural merger of our Internet skills, information creation skills and business management skills. Our Electronic Media Central subsidiary continues to grow and provide resources for the development of our Internet Success Publishing activities,'' said Morris.

''We are currently seeking acquisitions for the company with stock to expand the concept of electronic delivery of success programs via the Internet,'' Morris continued.

Internet Infinity is a Costa Mesa company that can provide a bundle of eCommerce financial, direct marketing and communication services through the Internet, CD, video tape and television. The company's mission is: ''Support its affiliates, subsidiaries and selected clients with multimedia promotion, financial and transactional services to facilitate successful trade on the Internet.''

The primary financial goal for the company is to build shareholder value.

Call 800/843-3606, fax 310/374-4984 or e-mail to investor@internetinfinity.com to be added to Press Release list.

Certain information above may be forward-looking statements that involve risks and uncertainties. In such instances, actual results could differ materially due to different factors, including competitive developments and risk factors listed periodically in company reports.

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Contact:

Internet Infinity Inc., Costa Mesa
George Morris, 800/843-3606
Fax: 310/374-4984
E-mail: georgemorris@internetinfinity.com
Investor Relations, 310/374-0052

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More Quotes and News: Internet Infinity Inc (OTC BB:ITNF - news)
Related News Categories: computers, internet

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