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bahhumbug1

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bahhumbug1

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Re: None

Friday, 08/09/2002 10:04:44 AM

Friday, August 09, 2002 10:04:44 AM

Post# of 5044
(PR NEWSWIRE) MPTV Renews Building Permits for Its Lake Tropicana Timeshare R
MPTV Renews Building Permits for Its Lake Tropicana Timeshare Resort

IRVINE, Calif., Aug. 9 /PRNewswire-FirstCall/ -- MPTV, Inc.
(OTC Bulletin Board: MPTT), an innovator in Timeshare Resort Development,
today announced that it has renewed with Clark County, Nevada its previously
granted Building Permits for the renovation of the five buildings at its Lake
Tropicana timeshare development.
"We have renewed all of our building permits with Clark County so that we
may remain in a state of readiness to begin construction as soon as our
funding closes. We look forward to initiating construction and realizing
timeshare revenues," stated Mr. Hurley Reed, MPTV's CEO.

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 consummate a funding
transaction; 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, 2001 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/11690X96865861

SOURCE MPTV, Inc.
-0- 08/09/2002
/CONTACT: Shareholders, Laurel Moody of Vision Consulting,
+1-212-446-6109, laurel@visioncc.net, for MPTV, Inc./
/Web site: http://www.laketropmptv.com /
(MPTT)

CO: MPTV, Inc.
ST: California, Nevada
IN: LEI RLT TRA ENT OTC
SU:
*** end of story ***




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