MPTV, Inc. Announces Permission to Close Loan

Source: MPTV, Inc.

March 5, 1999
MPTV, Inc., a Nevada corporation, announces permission from the court to close the previously announced $7,800,000 loan within 45 days. The commitment of $7,800,000 will pay off the underlying lienholders 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.

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.