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Friday, 05/25/2001 8:10:52 AM

Friday, May 25, 2001 8:10:52 AM

Post# of 5044
IRVINE, Calif., May 25 /PRNewswire/ -- MPTV, Inc. (OTC Bulletin Board: MPTV), an
innovator in Timeshare Resort Development, today announced that it is re-financing the
mortgage on its Lake Tropicana property. The Company has been offered a new
mortgage by one of America's largest insurance and finance companies.

"Taking advantage of the current macro-economic conditions, we are closing on this very
attractive re-financing. This new loan reduces our expenses and creates a sounder base
from which we can build our Phase I project," stated Hurley C. Reed, CEO of MPTV. "The
lower interest-rate environment also supports our efforts to close on the acquisition
candidate which we have identified."

About MPTV, Inc.

MPTV develops and markets timeshare resort properties. The Company's principal asset
is a multi-million dollar resort property called Lake Tropicana. MPTV's current project is
the Lake Tropicana Timeshare Resort and Towers (www.laketropmptv.com) located in
Las Vegas, Nevada between the MGM Grand Hotel/Casino and the Aladdin Hotel/Casino
on the "strip" and the Hard Rock Cafe on Paradise and Harmon Avenue. The "Harmon
Corridor" is undergoing transformation with two new casino hotels and three large
timeshare projects planned for this area.

Shareholder Contacts: Serena Riedel, RealSense.com Investor Relations, Email
MPTV@realsense.com, Shareholder Calls: 603-685-6000 or 603-890-1373.

Laurel Moody,

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