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AFMN, Inc. Releases Terms to Sell its Subsidiary, African American Medical Network, Inc. to PetCARE Television Network, Inc.
LOS ANGELES, May 17, 2005 (BUSINESS WIRE) --
AFMN, Inc. ("AFMN" or the "Company") (Pink Sheets:AFNN) announced today that it signed the binding definitive agreement to sell its subsidiary, African American Medical Network, Inc. ("African American Medical") to Medical Media Television, Inc. f/k/a PetCARE Television Network, Inc. ("Medical Media") (OTCBB:MMTV).

In conjunction with the merger, PetCARE Television Network, Inc. changed its name to Medical Media Television Network, Inc., effected a reverse split of its common stock, and will issue a stock dividend to its shareholders of record on May 10, 2005. A new subsidiary corporation was formed named PetCARE Television Network, Inc. ("PetCARE TV") which is the operating subsidiary of Medical Media.

Medical Media will issue 14,865,657 shares of its common stock to AFMN, Inc., the parent company of African American Medical, in exchange for all of the shares of African American Medical. Medical Media will file a registration statement on Form S-4 with the Securities and Exchange Commission registering those shares. Once the S-4 is declared effective by the Securities and Exchange Commission, the parties will consummate the merger and the 14,865,657 shares will be distributed to the AFMN, Inc. shareholders on a one for one basis. African American Medical will become an operating subsidiary of Medical Media.

African American Medical plans to provide educational programming to millions of African American patients through the installation of viewing systems in doctor's offices serving the African American population. PetCARE TV's educational programming focused on optimal healthcare for animal companions is currently aired in veterinary hospitals, is targeted to pet owners nationwide, and is viewed by approximately 4 million pet owners each month. Programming for both networks is funded, in part, by commercial advertisers that are reviewed and approved by advisory boards for each network.

Medical Media Networks plans to launch similar place-based media networks in the areas of pediatrics, obstetrics/gynecology, and dermatology with programming specific to each specialty.

The corporate offices of AFMN, Inc. and African American Medical are located at 6601 Center Drive West, Suite 521, Los Angeles, California 90045. For more information about AFMN, Inc. or African American Medical, call Robert Cambridge, Executive Vice President, at 310-348-8170 or visit its website at http://www.africanamericanmedicalnetwork.com . The corporate offices of Medical Media and PetCARE TV are located at 8406 Benjamin Road, Suite C, Tampa, Florida 33634. Questions may be addressed to Teresa J. Bray, Vice President at 813-888-7330. More information on PetCARE TV, its business model, and products can be found on its website: http://www.petcaretv.com .

This press release shall not constitute an offer to sell or a solicitation of an offer to buy securities of AFMN, Inc. Certain statements in this release and other written or oral statements made by or on behalf of the Company are "forward looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. The forward looking statements are subject to a number of risks and uncertainties including market acceptance of the Company's services and projects and the Company's continued access to capital and other risks and uncertainties. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise.

SOURCE: AFMN, Inc.

AFMN, Inc., Los Angeles
Robert Cambridge, 323-377-0172 or 310-348-8170

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