PRESS RELEASE - FOR IMMEDIATE RELEASE
MPTV RETAINS LEADING INVESTOR RELATIONS FIRM
VISION CONSULTING
IRVINE, CA- February 28, 2001-- MPTV, Inc. (OTCBB: MPTV), an innovator in Timeshare Resort Development, today retained Vision Corporate Consulting, a leading New York City-based investor relations firm that focuses on servicing small and micro cap companies.
"We are excited about raising MPTV's visibility in the investment community. We feel that the Company is quite undervalued. MPTV's real estate holdings alone are arguably worth more than the Company's current market capitalization. As MPTV continues to develop this property, we expect it to become an even more attractive investment opportunity," commented Laurel Moody, CEO, Vision Consulting.
Through offices in the New York and Los Angeles, Vision currently represents a dozen high growth public and private companies. Vision will provide MPTV with consulting services in shareholder communications, market positioning, and investment community networking.
About Vision Corporate Consulting
Headquartered in the financial district of New York City and with offices in Los Angeles, Vision provides investor relations consulting services to public and private high growth companies. For more information please contact Laurel Moody at laurel@visioncc.net or 212-509-4565.
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 located in Las Vegas, Nevada between the MGM Grand Hotel/Casino and the Aladdin Hotel/Casino on the "strip" and the Hard Rock Café 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.
SOURCE: MPTV, Inc.
Website: www.laketropmptv.com
Shareholder Contact: Serena Riedel, RealSense.com Investor Relations
Email MPTV@realsense.com
Shareholder Calls: 603-685-6000 or 603-890-1373.
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.
