IFEX Concludes Deal With LTV Networks

IFEX Concludes Deal With LTV Networks

AMSTERDAM, The Netherlands, June 28/PRNewswire-FirstCall/ -- IFEX Innovation Finance & Equity Exchange NV announced that a deal has been concluded with the shareholders of New LTV Networks ("LTV") in regard to the transfer of the activities of New LTV Networks into a company quoted on NASDAQ OTC bulletin board.

New LTV Networks shareholders approved the deal on 24 June.

The new LTV business expects NASDAQ listing in August 2005.

IFEX, together with other US and European financial advisors, arranged for mezzanine finance, management resources and listing on the NASDAQ exchange. IFEX will receive a fee of US$ 6 million in LTV shares quoted on NASDAQ OTC.

IFEX NV (ISIN: NL0000210532) is a pan-European corporate finance organisation that facilitates funding solutions for small and medium sized enterprises.

LTV Networks

LTV is a Spanish-language television channel. Since 1999 it has broadcast 24 hours a day, 7 days a week through all major US cable networks, except for Time Warner. The network currently reaches more than 12 million households.

With a population of 44 million, Hispanics are the largest ethnic community in the US today. Hispanic targeted advertising is growing at four times the rate of total advertising. Hispanic buying power in the US is over $500 billion now, and is growing at three times the rate of non-Hispanic spending.

Over the next two years LTV plans to establish a presence in the 20 most important markets in terms of Hispanic population density. In the past 12 months LTV has negotiated a strategic alliance with Active International Inc., the world's largest corporate trading company recently ranked as the 9th largest global media buyer by Advertising Age magazine, to support the growth and development of LTV into a leading Hispanic network.

LTV have contracted to acquire Class A Television station WANN 32, which serves the Atlanta area and provides LTV with a foothold in the fastest growing US Hispanic market. LTV management believe that they can ultimately reach 6.3 million people in the Atlanta area.

LTV management currently seek to make further affiliations and agreements with selected regional TV stations to increase distribution. In June, LTV concluded network affiliation agreements with KBLM Channel 25, Riverside (California) and KMHZ Channel 11, San Antonio (Texas). This increased distribution enhances LTV's ability to attract the major advertisers. During the past week, LTV negotiated an advertising contact with E&M (Alliance), a specialist in direct response advertising, which provides LTV with immediate, regular revenue streams.

Source: IFEX Innovation Finance & Equity Exchange NV

Chief Executive Officer, Niels Reijers, Tel: +44-870-114-96-98, Email: Ir@ifexgroup.com

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