Radium Ventures, Inc. Acquires Interactive Television Networks, Inc. (ITVN)

Radium Ventures, Inc. Acquires Interactive Television Networks, Inc. (ITVN)

Radium Acquires Outstanding Equity in ITVN and Will Propose a Change of Name to Reflect New Direction Into the Fast-Growing Internet Protocol Television (IPTV) Market

WOODLAND HILLS, Calif., June 15 /PRNewswire/ -- Radium Ventures, Inc. (BULLETIN BOARD: RDIU) today officially announced that it has acquired, by a merger, Interactive Television Networks, Inc. (ITVN), an emerging provider of Internet Protocol Television (IPTV) hardware, programming software and interactive networks. In the merger, Radium cancelled 750,000 of the outstanding shares of its common stock held by two of its principals and issued, and agreed to issue, up to 22,117,550 shares of our common stock to the existing stockholders of ITVN. To reflect the new direction of its future business, the Company also intends to change its name to Interactive Television Networks, Inc.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050615/LAW035LOGO)

IPTV is the highly-anticipated provision of interactive television to home television over standard Internet home broadband connections. ITVN addresses this market with a complete product solution that will provide a range of affordable content on demand including news, music, broadcast entertainment and web media, as well as on-screen viewing and management of personal media including photos and videos. Consumers simply connect ITVN's small, sleek set top box to their existing home broadband/DSL router, cable modem router or wireless LAN and plug in the set top connector to their television set and subscribe to the services that best meet their needs.

Radium has also hired Charles Prast to be its new Chief Executive Officer, Michael Martinez to be its new President, and Murray Williams to be the Company's new Chief Financial Officer. Messrs. Prast, Martinez and Williams have also been added to Radium's Board of Directors.

"ITVN leverages home broadband, an existing infrastructure, to bypass the massive costs of cable and satellite delivery," said Charles Prast, the new CEO of ITVN. "And since Internet content is known for being far more interactive and broad in scope than anything that can be offered over traditional networks, consumers nationwide will have access to a variety of content at a great value."

According to Nielsen//NetRatings there are over 60 million US broadband households who have the ability to take advantage of the compact device to access a plethora of in-home content. A January 11, 2005 article by PC Magazine stated that ITVN's broadband-enabled TV set top box is a "technology breakthrough" with image quality that is "indistinguishable from broadcast."

"Internet Protocol Television is a market changing technology that adds a new dimension of interactivity to television viewing," added Prast. "And ITVN is at the forefront of making this extraordinary technology a reality."

The ITVN solution and subscription-based networks are available now at www.itvn. com. Or, for more information, email info@itvn.com.

About Interactive Television Networks

Headquartered in Laguna Niguel, California, Interactive Television Networks, Inc. (ITVN) is an emerging integrated developer, marketer, distributor and programmer of Internet Protocol Television hardware, software and interactive networks. Using the Internet, ITVN eliminates the traditional middleman represented by the cable TV providers, satellite operators and terrestrial broadcasters by offering direct to consumer subscription services. Combined with a sleek, easy-to use set top box, an existing broadband connection and a television set, ITVN is a complete end-to-end solution for delivering interactive content from Broadcast TV, video-on-demand (VOD) and networked Personal Video Recorders (PVR). The ITVN solution is designed to provide a diverse amount of entertainment and news content and serves as an alternative distribution source for producers of non-traditional broadcast media. For more information, visit www.itvn. com.

This press release contains forward-looking statements that involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements, including risks or uncertainties related to the release of ITVN's network and products, the market acceptance of its products and services, competition from companies that provide, or have announced an intention to provide IPTV, the need for subsequent substantial additional financing, and the company's ability to successfully market ITVN's products and services. Additional uncertainties and risks are described in Radium's most recently filed SEC documents, such as its most recent current reports on Form 8-K. All forward-looking statements are based upon information available to Radium on the date the statements are first published. Radium undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20050615/LAW035LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: Interactive Television Networks, Inc.

CONTACT: Exposed Minds Media, +1-209-586-1957, media@exposedminds.com,
for Interactive Television Networks, Inc.

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