Replies to post #7 on MPTV, Inc. (fka MPTT)

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MPTV DD Package --NEW PR !!!!!!
MPTV, Inc., Comments on Status of $52,500,000 Construction Loan; (Site Visit and Closing Document Review Meeting Set)
10/5/00 2:27:06 PM


NEWPORT BEACH, Calif., Oct 5, 2000 /PRNewswire via COMTEX/ -- MPTV, Inc. (OTC Bulletin Board: MPTV), a Nevada corporation, announces today that a site visit has been scheduled by Oxford International for the week of October 16th. A confirming letter from Oxford states, "At that time, we will be prepared to proceed with a closing document review with your management team and attorneys." MPTV anticipates receipt of the closing documents for review prior to the site walk-through in Las Vegas, Nevada.

Hurley Reed, CEO of MPTV comments, "All the conditions for funding of the $52,500,000 construction loan have been met pending this collateral review by Oxford. We look forward to receiving the loan documents sometime next week and meeting with Oxford and their corporate counsel in Las Vegas the following week to finalize any outstanding closing issues and to schedule the closing date."

Upon closing, Oxford International will fund all the pre-construction expenditures and setup costs for establishing MPTV’s marketing operations, both on and off-site. Oxford International will distribute the remaining funds according to the proposed construction schedule for the Lake Tropicana Timeshare Project.

Oxford International (www.oxfordint.com) is a private investment banking firm, established in 1994, to facilitate the financing of business, commercial development and corporate investment opportunities. Partners of Oxford International include local, national and international banks. Investment banks, investment trust firms, securities firms, private investors, insurance companies, merchant banks, pension funds and national asset-based capital providers are also partners.

The Lake Tropicana Timeshare Resort is located in Las Vegas, Nevada between the MGM Grand Hotel/Casino, the new Aladdin Hotel/Casino on the "Strip" and the Hard Rock Cafe and Hotel/Casino on Paradise and Harmon Avenue. The "Harmon Corridor" has been designated as a tourist’s corridor and is undergoing transformation with two new casino hotels and three large timeshare projects planned for this area.

Except for the historical information presented herein, the matters set forth in this press release are forward looking statements within the meaning of the "safe-harbor" provision of the Private Securities Litigation reform Act of 1995. 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.


SOURCE: MPTV, Inc. Website: www.laketropmptv.com
366 San Miguel, Suite 210, Newport Beach, CA 92660
For more information, contact: Serena Riedel, RealSense.com Investor Relations Email: [e-mail].

SOURCE MPTV, Inc.