MegaChannels.com is Recognized as a ``Top 10 Most Popular Web Site'' With an Unprecedented 91.6% Male Audience

MegaChannels.com, a global Internet broadcast company, announced today that it is well on its way to achieving its goal as the Internet's number one streaming media and entertainment portal.

Digitrends Magazinenoted this past Friday that Nielsen/NetRatings has recognized MegaChannels.com for its position in the top ten most visited websites by at-home Internet users. This same Nielsen Report showed that MegaChannels.com is a "Top 10 Most Popular Web Site" with an unprecedented 91.6% male audience.
On another note, MegaChannels.com announced today that its subscription sales increased 300% over the past weekend following the launch of a simpler and more user-friendly version of its site. The $9.95 monthly subscription to MegaChannels.com includes unlimited access to the Company's entire library of content.
"Our male audience has been the driving force behind our current website design, messaging, and content acquisition strategy. We are doing everything possible to cater to this targeted group of initial MegaChannels.com users. It is encouraging to have a reputable source like Nielsen Ratings reinforce what we have thought all along. However, the significant increase in subscription sales tells us that we are right on track in offering our audience exactly what it is they want," says MegaChannels.com president, Paul Turcotte.
MegaChannels.com, Inc., a subsidiary of MegaMedia Networks, Inc is a global Internet entertainment broadcaster, distribution network, production/broadcast studio, and a leader in broadband delivery of in-home entertainment programming. MegaChannels.com is positioned to become the premiere consumer entertainment destination on the Web, broadcasting on-demand, live and archived programming at www.MegaChannels.com. MegaChannels.com will serve as the ultimate streaming media solution for content producers, offering them a turn-key Internet distribution vehicle to showcase their programs to a built-in audience unavailable on any other entertainment site. MegaChannels.com's content offerings will include feature length motion pictures, original interactive programs, television series, concerts, short films, animation, news programming and sporting events. Program suppliers include major film studios and television networks as well as independent producers and filmmakers. Consumers who register with MegaChannels.com will receive a variety of services that will enhance their on-line experience.
This release contains statements which speak only as to the date of the statement made and that may constitute forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21 of the Securities Exchange Act of 1934 and as such are subject to the safe harbor provisions of those sections and the Private Securities Litigation Reform Act of 1995. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.