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Monday, 01/28/2002 9:35:07 AM

Monday, January 28, 2002 9:35:07 AM

Post# of 5044
MPTV Granted Building Permits for Its Lake Tropicana Timeshare Resort


/FROM PR NEWSWIRE LOS ANGELES 213-626-5500/
TO BUSINESS AND REAL ESTATE EDITORS:

MPTV Granted Building Permits for Its Lake Tropicana Timeshare Resort

IRVINE, Calif., Jan. 28 /PRNewswire-FirstCall/ -- MPTV, Inc.
(OTC Bulletin Board: MPTT), an innovator in Timeshare Resort Development,
today announced the granting of Building Permits by Clark County, Nevada for
the renovation of the five buildings at its Lake Tropicana timeshare
development.
MPTV will initiate the building permits when the $13,440,000 ICF
construction loan closes. After the loan closing, scheduled for February 8th
of this year, and awarding the construction contract, the Phase I renovations
and property enhancements will begin immediately.
The major renovation process will yield 48 world-class timeshare units to
be sold in one-week increments producing approximately 2,496 timeshare units.
Each of the timeshares will be sold at an average price of approximately
$14,000.
MPTV's CEO, Hurley Reed stated, "We look forward to initiating
construction. We have moved the timeframe for design and construction
drawings forward in order to be poised to initiate construction immediately
upon closing of the loan and after contractor selection. Currently, the
contractor selection process is under way. The contractors are reviewing the
plans and submitting bid proposals and construction schedules for the Lake
Trop Phase I development. Simultaneously, the application and documentation
necessary for the Nevada Timeshare Public Permit is being prepared for
submittal to the State of Nevada upon loan closing. When the permit process
is complete and the Public Permit is granted, sales of timeshares will begin
immediately."

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.

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;
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/11690X13661043

SOURCE MPTV, Inc.

/CONTACT: Laurel Moody of Vision Consulting,
+1-212-446-6109,laurel@visioncc.net, for MPTV, Inc./

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

Jan-28-2002 14:31 GMT
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