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Monday, 03/19/2001 9:18:28 AM

Monday, March 19, 2001 9:18:28 AM

Post# of 5044
MPTV NEWS - http://www.laketropmptv.com

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MPTV IDENTIFIES SEVERAL STRONG ACQUISTION CANDIDATES
Acquisition Strategy Designed To Generate over $100M In Annual Revenues
and Create Immediate Profits and Cash Flows

IRVINE, CA- March 19, 2001-- MPTV, Inc. (OTCBB: MPTV), an innovator in
Timeshare Resort Development, today announced its strategy to identify and
acquire profitable companies in the timeshare industry. The Company has
identified several acquisition candidates and has commenced negotiations
on these potential transactions.
In accordance with MPTV's strategy, the Company will seek to acquire
luxury timeshare properties that currently generate positive cash flows
and profits. The acquisition candidates must have current revenues of
over $75 million and be scalable to $100 million within a few years and
assets of $100 million or more.
"We have identified several acquisition candidates in our industry, each
one of which would significantly boost MPTV's asset base and put us on the
map as one of the larger timeshare owners and operators. Moreover, the
acquisitions would create a more substantial infrastructure that will
serve to more meaningfully leverage our Lake Tropicana property," stated
Hurley C. Reed, CEO of MPTV. "We are particularly excited about
generating very strong cash flows that can then be reinvested in
increasingly higher-return properties. We have begun the negotiation
process and are currently preparing term sheets. Our goal is to proceed
expeditiously to increase shareholder value."
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 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.
Shareholder Contacts: Serena Riedel, RealSense.com Investor Relations
Email MPTV@realsense.com Shareholder Calls: 603-685-6000 or 603-890-1373
Laurel Moody, Vision Consulting, Email laurel@visioncc.net Calls:
212-509-4565
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.


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