Swiss Hawk AG Announces the Sale of its Participation in Horsecreek Entertainment AB/HomeTV

Swiss Hawk AG Announces the Sale of its Participation in Horsecreek Entertainment AB/HomeTV

ZUG, Switzerland, April 21/PRNewswire/ -- Swiss Hawk AG announces that it has sold its 8.13% participation in Horsecreek Entertainment AB the owner and promoter of the HomeTV VOD digital media platform to Motion Network Holding Plc ("MNH") in exchange for a consideration based on 35 million new issued shares in MNH, thus bringing Swiss Hawk's participation in MNH from 8% up to 14%.

The management believe that this represents a good value deal for Swiss Hawk as based on business development activity reported by MNH in recent weeks and a strong pipeline of further business development opportunities to be exploited, and Swiss Hawk expects that the MNH share price can recover substantially upwards by mid-2008.

MNH intend to implement the international rollout of the HomeTV products through linkage with MNH's local partners. In all countries where MNH broadcasts, HomeTV will be able to offer VOD services with both local market films and films common to all markets. In addition MNH will work with HomeTV to expand its VOD internet platform to fit a more global e-commerce model revolving around entertainment.

About HomeTV

Horse Creek Entertainment/HomeTV http://www.hometvint.com is a European digital media company, focused on providing Video on Demand (VOD) content solutions. Based on its new relationship with MNH, HomeTV is aiming at becoming a leading international provider of VOD titles, VOD programming, management, home shopping services and global e-commerce solutions. HomeTV will shortly launch services in Denmark and Finland and during 2008 expect to deliver services in the Baltic States, Poland , UK and Ireland under the trademarks http://www.hometvone.com and http://www.hometv1.com .

About Motion Network Holding Plc

MNH operates in the sector of communication and provides B2C and B2B services in the area of Television, IPTV, Internet, media content production and post production, software and retail. MNH operating services cover mostly Europe, Far East and the US. MNH's wholly owned Luxembourg subsidiary Motion Network TV ("MNTV") is the main group company that operates as a pan European film and music dedicated TV channel. http://www.motionnetworktv.com.

About Swiss Hawk AG

Swiss Hawk is building a niche alternative asset class investment management business, through the pursuit of an aggressive investment policy based on actively investing and trading in participations in alternative asset class transactions. http://www.swisshawk.com.

          Contact:          Christophe Kourdouly, MNH/Antetime     Phone: +33-1-72-100213-214          Mary Prendergast     Phone: +41-41-511-01-98     E-Mail: contact@swisshawk.com  

Source: Swiss Hawk AG

Contact: Christophe Kourdouly, MNH/Antetime, Phone: +33-1-72-100213-214; Mary Prendergast, Phone: +41-41-511-01-98, E-Mail: contact@swisshawk.com

---

Profile: International Entertainment