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bahhumbug1

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bahhumbug1

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Re: None

Wednesday, 08/08/2001 8:35:05 AM

Wednesday, August 08, 2001 8:35:05 AM

Post# of 5044


MPTV Receives Term Sheet for $100,000,000


IRVINE, Calif., Aug. 8 /PRNewswire/ -- Marking further progress towards establishing
itself as a leading timeshare developer and marketer in the Las Vegas region, MPTV, Inc.
(OTC Bulletin Board: MPTV), an innovator in Timeshare Resort Development, today
announced that it has received a term sheet for a $100 million construction loan. The loan
is earmarked for building four new towers on the Company's Lake Trop property.

"The fact that we have received this term sheet in the amount of $100,000,000 proves that
we are well on our way to becoming a world-class developer, marketer and manager of
timeshare properties. Upon closing of a loan this size, we will be able to break ground on
four new buildings and start to generate revenues through sales. This will put us on the
map as a leading timeshare company in the Las Vegas market. We feel very good about
the momentum that MPTV has built and we fully intend to maintain and build upon it,"
stated Mr. Hurley C. Reed, CEO of MPTV.

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: Laurel Moody, Vision Consulting, Email laurel@visioncc.net, Calls:
212-484-5313.

Serena Riedel, Email: serenariedel@aol.com.

This press release contains forward looking statements within the meaning of the
"safe-harbor" provision of the Private Securities Litigation reform Act of 1995 about the
Company's financial condition and business prospects that involve substantial risks and
uncertainties. You can identify these statements by the fact that they use words such as
"anticipate," "estimate," "expect," "project," "intend," "plan," "believe" and other words
and terms of similar meaning in connection with any discussion of future operating or
financial performance. Among the factors that could cause actual results to differ
materially are the following: failure to reach definitive agreements with potential
acquisition candidates; failure to find attractive acquisition candidates; increases in
interest rates; a decline in the Las Vegas real estate market or the timeshare market in
general; and general economic conditions in the United States. A further list and
description of these risks, uncertainties and other matters can be found in the Company's
Annual Report on Form 10-KSB for the fiscal year ended December 31, 2000 and in its
periodic reports on Forms 10-QSB and 8-K (if any). These forward-looking statements
are subject to risks and uncertainties that may cause actual results to differ materially.
These forward-looking statements speak only as of the date hereof. The Company
disclaims any intent or obligation to update these forward-looking statements.

MAKE YOUR OPINION COUNT - Click Here
http://tbutton.prnewswire.com/prn/11690X67954745

SOURCE MPTV, Inc.

/CONTACT: Laurel Moody of Vision Consulting, +1-212-484-5313,
laurel@visioncc.net; or Serena Riedel, serenariedel@aol.com, both for MPTV,
Inc./

/Web site: http://www.laketropmptv.com /

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