Venevision International Licenses WWEBNET Technology for Transmission of Broadcast Programming

Venevision International Licenses WWEBNET Technology for Transmission of Broadcast Programming

Media Giant to utilize secure network for immediate transmission and international distribution of content as a replacement to pricey international shipping methods

NEW YORK, April 29 /PRNewswire-FirstCall/ -- WWEBNET ("World Wide Electronic Broadcast Network" http://www.wwebnet.com/), Inc. (Pink Sheets: WWEB) announced today the licensing of its proprietary business- to-business Electronic Broadcast Network technology to global Hispanic Entertainment company, Venevision International. Venevision International will utilize WWEBNET's technology in the form of a branded broadcast channel to simply, securely and immediately transmit and deliver television programming, promotional materials and other important corporate information to its broadcast partners and preferred recipients, world-wide, via the World Wide Web. The move to electronic transmission of content, versus ground or air delivery, is projected to radically reduce costs related to Venevision's annual mailing and over-night international shipping, as well as DVD and CD production costs, and other direct marketing expenses.

"This agreement with WWEBNET is part of Venevision International's increasing presence in the new media, both in the business to business and business to consumer side" -said Luis Villanueva, President and CEO of the company- "in 2008 we will implement new initiatives on the internet and wireless environment and this step in particular, with a reliable supplier and state of the art technology, will bring many benefits in the area of operations and customer service".

"WWEBNET is the modern day replacement to traditional courier methods such as Fed Ex, DHL, UPS, the British Post and even the US Postal Service. When it comes to content delivery, these shipping methods are expensive, unnecessary and now outdated," stated Robert Kelly, CEO of WWEBNET. "With an uncertain economy and the ballooning costs of fuel, snail mail just does not make economic sense. WWEBNET provides a delivery option that is monumentally less expensive, and extraordinarily more effective; it reduces company costs while increasing the bottom line, is environmentally friendly, and simply provides a better way of doing business."

WWEBNET's business-to-business platform is a broadcasting technology that allows the content owner an inexpensive, safe and secure method for automatically delivering high-quality video, secure corporate materials, as well as audio, text and graphics directly to networked PC's and portable devices, anywhere in the world. The entertainment operating system is installed via a simple download on the receiver's computer, creating a two-way communication network, which automatically allows the transmission, receipt and retrieval of desired content instantly, in broadcast quality. WWEBNET's network technology provides Venevision with immediate and direct access to its international network of broadcast partners, world-wide, with complete control over content usability (e.g. one time viewing, duplication, streaming, downloading, etc).

"WWEBNET will now play an integral role in improving the efficiency of our content transmission to our broadcast partners and affiliates world-wide, as we can now count on our TV programming being delivered immediately, in local language format, and without any unexpected delays," stated Cesar Diaz, Vice President of Sales Venevision International, "Additionally, we expect to significantly reduce our overnight shipping and mailing expenses in 2008, as well as DVD and CD production costs. WWEBNET is up to 95% less expensive than traditional courier methods." Venevision intends to utilize WWEBNET's operating system for transmission of its corporate information, licensed programming including children, drama, comedy and action series, music, telenovelas (soap operas), documentaries and other proprietary content.

ABOUT VENEVISION INTERNATIONAL

Venevision International is an entertainment company part of the Cisneros Group with more than 30 years in the market. Its projects are part of the business development strategy designed by Gustavo Cisneros, Chairman and CEO of the Cisneros Group of Companies. Venevision International distributes television programming throughout the world and is one of the largest independent producers of television programs in Spanish. The company also distributes films in Spanish for theater, pay-per-view, home video, paid and free television in the United States, where it broadcasts its movie channel, Vene Movies. Venevision International also does business in the international arena of music with its record label, Vene Music, and Siente Music; and mobile entertainment with Venemobile and LatCel. The company is also a pioneer in the area of "product integration" through Synapsys International.

About WWEBNET

WWEBNET ("World Wide Electronic Broadcast Network"), Inc. (Symbol: WWEB) provides powerful solutions to content owners and entertainment companies worldwide for direct-to-customer delivery of licensed music, video and proprietary content. Headquartered in New York City, WWEBNET is a broadcasting technology and network which delivers high-quality video and audio directly to users PCs and portable devices, via the World Wide Web, regardless of line speed. It is an intelligent, two-way communication network which interactively and automatically allows users to retrieve and receive desired content in up to DVD quality. The WWEBNET Operating System provides companies with the ability to create and brand their own worldwide broadcast channels, providing complete turnkey ecommerce, content management and advertising systems, along with a comprehensive database management component, empowering content companies with a robust targeted marketing capability.

Certain statements contained in this press release issued by WWEBNET that are not historical facts are "forward-looking" statements and because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements, included in this press release, are statements regarding the intent, belief, or current expectations, estimates, or projections of the Company, its directors, or its officers about the Company and the industry in which it operates and are based on assumptions made by the management of the Company. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When used in this press release, the words "believes," "potential," "capability," and similar expressions are generally intended to identify forward-looking statements. Important factors that could cause the actual results to differ materially from those in the forward-looking statements include, among other items, (i) changes in the regulatory and general economic environment; (ii) conditions in the capital markets, including the interest rate environment and the availability of capital; (iii) changes in the competitive marketplace that could affect the Company's revenue and/or cost and expenses, such as increased competition, lack of qualified marketing, management or other personnel, and increased labor and inventory costs; (iv) changes in technology or customer requirements, which could render the Company's technologies noncompetitive or obsolete; (v) new product introductions, product sales mix, and the geographic mix of sales. The Company disclaims any intention or obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise. The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of future results, additional financing requirements, development of new products, governmental approval processes, the impact of competitive products or pricing, technological changes and the effect of economic conditions.

   FOR IMMEDIATE RELEASE   PR CONTACT:   Alana Schofield   (310) 903-6817 - Mobile   Alana@cayane.com  

First Call Analyst:
FCMN Contact: alana@cayane.com

Source: WWEBNET

CONTACT: Alana Schofield, +1-310-903-6817, Alana@cayane.com, for
WWEBNET

Web site: http://www.wwebnet.com/

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Profile: International Entertainment