MHDI Receives Finance Commitment of $600,000 to Complete National Roll Out of Hispanic Programming
Aggressive Market Campaign of Hispanic Network to Begin ? MIAMI, Florida-- On August 22, 2005, Media Holdings International, Inc. (OTC PK: MHDI) is pleased to announce they have received a commitment of financing in the amount of $600,000. This financing marks a critical turning point towards strong residual revenue growth and national roll out of the companies 24 hour Hispanic programming known as Ol? Network. Proceeds will be used to purchase the final pieces of equipment, finance the uplinks to deliver their broadcasting signal to cable systems across the United States, and initiate a marketing program to bring awareness of the network to the various regions where the signal will be aired. ??? Currently, Ol? TV is being broadcast in Miami, Florida which is the third largest Hispanic market for more than 4 years. Due to the rise in demand of Hispanic broadcasting, MHDI has obtained affiliation contracts from three major cable providers. The company anticipates broadcasting through the cable providers by the end of 2005 and is preparing for accelerated revenue growth. The Hispanic market within the United States generates over $20 billion dollars in sales per year. Ol? TV network seeks to benefit from this market through attracting the young affluent Hispanic viewer. About Media Holdings International, Inc.: Media Holdings International, Inc. was formed in March of 2000 to develop a national and international cable network directed towards the contemporary Hispanic market with cultural and entertainment programming. Ol?-TV?s unique programming clearly differentiates itself from competitors Univision and Telemundo where the novella is the basic form of entertainment. Media Holdings has acquired the rights to Spanish language programs which have never before been seen in the United States from European Union countries. Ol?-TV?s programming is segmented into three basic classifications: cultural information (documentaries, biographies, etc.), general entertainment (concerts, opera, musical theatre, classic films, mini-series etc.), and children?s programming. This diverse quality programming has appeal to a younger demographic audience. For more information, please contact Investor Relations at (973) 351-3868 Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events. Contact: Media Holdings International, Inc. Investor Relations Stephen Taylor Phone Number (973) 351-3868 [EMAIL PROTECTED]
