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Monday, 12/31/2001 5:37:55 PM

Monday, December 31, 2001 5:37:55 PM

Post# of 5044
MPTV Receives Final Loan Commitment for $13.44 M For Phase I of Lake Trop
IRVINE, Calif., Dec. 31 /PRNewswire/ -- MPTV, Inc. (OTC Bulletin Board: MPTV - news), an innovator in Timeshare Resort Development, today announced that it has received a Loan Commitment in the amount of $13.44 million from International Commercial Finance, a leading real estate construction lender.

The loan will be used for the construction of Phase I of MPTV's Lake Trop property in Las Vegas. Phase I construction will convert the current Lake Trop property into a world-class timeshare resort.

Mr. Eli Shalom, CEO of International Commercial Finance commented on the loan, ``ICF has evaluated this lending opportunity and conducted all of the necessary due diligence. We believe that MPTV can create great value through the renovation and timeshare marketing of Lake Trop. We have delivered a commitment to MPTV and we look forward to their formal acceptance of our offer so that we may move ahead promptly with the closing of the loan.''

Mr. Hurley Reed, CEO of MPTV added, ``We are very pleased to have received this commitment from International Commercial Finance. Due to their extensive experience in commercial and hotel real estate lending, ICF is a great funding partner for us. We are now thoroughly reviewing the Loan Commitment and its terms and we plan to respond to ICF shortly.''

About International Commercial Finance

International Commercial Financing is a Southfield, Michigan-based private lender that focuses on lending for land acquisitions and development, along with an array of innovative programs for all kinds of commercial lending transactions. ICF's programs include its 100% construction financing capabilities. Currently ICF is negotiating deals in three countries and domestic transactions from California to Florida.

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: 212-446-6109.

Serena Riedel, Email: serenariedel@aol.com.



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