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Business News (more headlines) 12-29-1999

ForeignTV.com, Becomes Medium4.com, The Home Of Internet Only TV Launches Three New Internet Television Networks. ForeignTV.com, And New Networks StreamingUSA.com, NicheTV.com And Medium4Music.com All

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ForeignTV.com Inc. (OTC Bulletin Board: FNTV), the
leading Internet broadcaster specializing in the production and aggregation
of global streaming media content, announced today that its shareholders
have approved a change of its name to Medium4.com Inc.,
(http://www.medium4.com) effective January 1, 2000. The name change
reflects the company's growth from a single internationally oriented
network, to four distinct networks each providing unique groupings of
content channels. A new stock symbol will be announced early in the new
year. In the interim, the company's common stock will continue to trade
under the FNTV symbol on the Electronic Bulletin Board, and the company's
common stock warrants will continue to trade under FNTVW symbol. The new
company will be the parent brand for four distinct Internet broadcast
networks. Medium4.com(TM) (http: //www.medium4.com) will be home to
StreamingUSA.com(TM) (http://www.streamingusa.com), NicheTV.com(TM)
(http://www.nichetv.com), Medium4Music.com(TM)
(http://www.medium4music.com) and the already established foreignTV.com(TM)
(http: //www.foreigntv.com).

The company has also named Junichi Watanabe and Stanley S. Canter to the
Board of Directors. Junichi Watanabe, an executive with extensive
international business experience, has worked in the United Arab Emirates,
Japan, Kuwait, Canada and other countries. Mr. Watanabe is a graduate of
Keio University, Tokyo, Japan with a degree in economics. Stanley S.
Canter, a veteran Hollywood producer of feature films, and former Vice
President of the Union Bank in Beverly Hills, California is also a new
board member. Mr. Canter is a graduate of UCLA with a Master's degree in
History and International Relations.

In conjunction with the name change, the company has announced several
personnel changes. Jonathan Braun will continue to be the Chief Executive
Officer of the company and serve as acting President of the
StreamingUSA.com and NicheTV.com networks. Graham Cannon will be President
and Chief Operating Officer of Medium4.com. Albert T. Primo will become
Vice- Chairman of the Board of Medium4.com in addition to serving as
President of the ForeignTV.com Network. Bruno Finel becomes Senior
Vice-President for Medium4.com's International Operations as well as
Senior Vice-President, Europe for the ForeignTV.com Network. Dennis
Oppenheimer will be Senior Vice President of Entertainment for Medium4.com,
and President of the Medium4Music.com Network. David Badner will serve as
the Executive Vice President of Medium4.com. I. William Lane will continue
as the Chairman of the Board, and Ethan Hutchinson becomes the Comptroller
for Medium4.com reporting to Chief Financial Officer, Harold Berliner.

Jonathan Braun, said, "Our new name signifies the transformation of the
Internet into the fourth medium for television broadcasting, after
over-the- air TV, Cable TV and satellite delivery systems. We feel
Medium4.com has the potential to be the leading Internet broadcaster. By
following an already established content and business model for the growth
and development of cable television, Medium4.com is now the parent company
of the first true Internet television networks. We host channels that
provide valuable, entertaining and diverse, on- demand content for everyone
from the casual Internet user to the most connected people in the world."

With the launch of the parent network, Medium4.com will now host upwards of
40 distinct, on-demand broadcast channels providing entertainment, news,
lifestyle, music and film content focusing on the burgeoning broadband
marketplace.

Medium4.com represents a quantum leap in the broadcast of entertainment,
news and music over the Internet. "We represent the next step in
television. Our network, with its discrete broadband broadcast channels, is
as big a leap forward for television, as cable was from over the airwaves
broadcasts. We are the future of TV," said Al Primo, President of
foreignTV.com.

Graham Cannon, President of Medium4.com said, "For the last six months our
users have grown to know and trust the quality of the content broadcast on
foreignTV.com. Now with the launch of Medium4.com, a whole new world of
broadcast material has opened up to the Internet user. "

Each of the four networks under the Medium4.com umbrella provides a mix of
original programming, aggregated content, compilations of public domain
videos and the broadcast of full-length feature films from an on-demand
platform. With new content added regularly, Medium4.com's channels provide
hundreds of hours of content on a daily, weekly, and monthly basis.

The four broadcast networks are currently home to the following unique,
distinct content channels. Each network is planning on adding additional
channels in the near future.

StreamingUSA.com is home to the following channels: ManhattanTV.com,
BlueHawaiiTV.com, MauiTV.com, LaLaTV.com, SouthernRockTV.com, and
AmericanaTV.com.

NicheTV.com is home to the following channels: BarkTV.com, RailwayTV.com,
WildernessTV.com, FilmNoirTV.com, ClassicHorrorTV.com, WesternTV.com,
WorldPoliceTV.com, SwordandSandalTV.com, and Year2000TV.com.

ForeignTV.com is home to the following channels: GlobalVillageTV.com,
AllWorldMusicTV.com, WorldLifestyleTV.com, ForeignFilmTV.com,
ForeignTVRadio.com, WorldNewsTV.com, and WorldMusicNoiseRadio.com.

Medium4MusicTV.com is home to the following channels: TranceMusicTV.com,
AllClassicalMusicTV.com, MartiniTV.com, SouthernRockTV.com,
RootsReggaeTV.com, AllLatinMusicTV.com, AmericanaTV.com, BritRockTV.com,
and AllJazzTV.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: Statements in this press release regarding foreignTV.com's
business, which are not historical facts, are "forward-looking
statements" that involve risks and uncertainties. For a discussion of such
risks and uncertainties, which could cause actual results to differ from
those contained in the forward-looking statements, see "Risk Factors" in
the Company's Prospectus.

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