Urban Television Network Corporation, (URBT), Releases Update and 2006 Focus on Growth; Broadcast, Cable, WiFi and Mobile TV Growth Planned

Urban Television Network Corporation, (URBT), Releases Update and 2006 Focus on Growth; Broadcast, Cable, WiFi and Mobile TV Growth Planned

DALLAS, March 21 /PRNewswire-FirstCall/ -- The following was released today by Urban Television Network Corporation (BULLETIN BOARD: URBT) :

Dear Fellow Shareholders,

Previously I communicated to you regarding my first 90 days, 180 days and now 270 days as your CEO. It is now March 21, 2006. As mentioned previously the extreme makeover is in its final changes. I anticipate that over the next several weeks we will be announcing changes in senior management, putting in place a Management Advisory Group focused on growth in our target market areas. We are proceeding forward in leveraging our energy assets to fund operating and growth. We have entered into discussions with Warner Bros., Paramount and FOX regarding programming. We have begun final contract negotiations with several of our core independent producers regarding the distribution and syndication of their programming. We continue to seek out opportunities that build our base of assets and revenue and thus improve our balance sheet and business prospects. We have begun aggressive efforts to capitalize on alternative media distribution platforms, Video on Demand, WiFi, Cell Phones, IPTV, etc.

Our viewers are African Americans, English-speaking Hispanics and Asian Americans, the emerging majority, continues to be the focus of all of our efforts. As you know our planned customers are Fortune 500 corporations. Their reception to our value propositions has been positive.

We are particularly excited about the inroads we have made on our areas of focus:

1. Assets/Revenue - We were successful in adding 4.6 million dollars in
assets to our balance sheet. We will continue to pursue
opportunities that increase the value of our company and increase its
chances for success. We will be announcing several advertising
commitments in the coming weeks. We are very excited about the
progress we have made with several major corporations and their
representatives. We will also be exploring acquisition and merger
opportunities to increase our assets and revenues. One of our
discovered assets is a stable of minority independent producers and
we believe that we air more minority independent producers'
programming than any other broadcast network. You will be hearing
more about this strategic advantage in the future.
2. Measurable Distribution - Full Power stations and Low power stations
on cable systems continue to be our focus. We continue discussions
with several independent full power stations and several large
station groups to increase our affiliate base. We expect these
discussions to develop into distribution and syndication agreements.
In fact we have recently added several new distribution affiliates.
We are also focused on adding WiFi, Cell Phone, Video on Demand,
Podcasting and IPTV to our distribution. We will be announcing an
agreement with Mahee Business Ventures Inc., a California corporation
focused on business development in the WiFi space. We are very
excited about the growth possibilities in the multi platform space
for short form urban content.
3. Nielsen Media Research - COMPLETED. We are now in the integration
and training phase of our Nielsen agreement.
4. Programming - We are focused on establishing ourselves as the leading
supplier of urban programming for distribution through all media
platforms. WiFi, VOD, Cell Phones, IPTV, Cable and Broadcast. We
are restructuring our agreements to take advantage of these growing
markets. We are very excited about our evolving programming
strategy. We are continuing our plans to officially launch the
network along with several signature shows in 2006. We are also in
discussions with Warner Bros., Paramount, FOX and others for high
profile syndicated programs.

We believe that if we focus on the fundamentals as noted above we will begin to generate the revenue numbers and ratios that make us firmly believe the market will recognize our company as the leader in the urban TV and alternative media platforms marketplace.

What is Urban?

Urban is a lifestyle that follows the trends set by African Americans who strongly influence fashion, music, language and general market buying habits. It is a diversity of cultures, the majority of which are married with large families. They watch more TV than the national average and are very responsive to marketing messages.

What is Urban America?

Predominately African Americans and Hispanics, it also includes Asians, Multi-Cultural and other Americans. Urban America is the future new majority.

Why target urban America?
Buying Power is well in excess of 1 trillion dollars and growing rapidly

Why do you believe that Fortune 500 companies will buy your advertising?
* Planned Nielsen rated programming;
* Our uplifting programming reflects the true diversity of life in
America;
* One stop shopping for their minority dollars that includes new media
distribution platforms;
* We are certified by the National Minority Supplier Development Council.

What is the long term plan for Urban Television Network Corporation?

URBT's business model of combining Nielsen ratings (supplemented with interactive feedback from viewers and alternative media platforms distribution) with urban programming and Fortune 500 companies is not difficult to understand. Performance, meaning revenue growth and profits are at the core of our long-term efforts. URBT has a relatively large shareholder base. This shareholder base is predominately retail, made up largely of individual investors versus institutional investors such as pension funds, mutual funds and insurance companies. Institutional investors typically buy and hold larger numbers of shares for longer periods of time than retail investors, which have a higher ratio of traders. It is important that over the long term we appeal to these institutional investors.

Performance and recognition by industry analysts will help to build institutional investment recognition. However institutional investors are not permitted by their own mandates and investment charters to invest in over the counter stocks. Accordingly, it is important that we move to a national exchange where institutional investors will be permitted to purchase the Company's stock and build large positions as a part of their overall portfolio. URBT is planning to move toward a national exchange listing. In addition to planning for revenue and asset value growth, we plan to update the company's regulatory filings, accounting footnotes and corporate governance procedures to assure they meet or exceed the increased administrative requirements of a national exchange. Our planned goal is to obtain a national exchange listing in the 2006 calendar year.

Management and Employee Commitment

On behalf of management and everyone working here at URBT, I sincerely thank all of our shareholders for their patience and support. We are passionate here at URBT about our business model and the results we believe we can derive from it. We are urban market enthusiasts and are genuinely excited about our business prospects. We recognize that many shareholders have believed in us and have been frustrated by the stock price. We thank you even more for persevering through the frustration. We are all working hard here at URBT committed to building a recognized urban market leader that is recognized by both of our market sectors, viewers and Fortune 500 companies along with the financial marketplace. We have made substantial progress positioning ourselves for the opportunities that are before us. The path is not always easy, but we do sincerely believe shareholders will not regret their resolve and perseverance.

Thank You,
Jacob Miles
CEO & Chairman and the Management and Directors of
Urban Television Network Corp.

Forward-Looking Statements

This document contains forward-looking statements and information as that term is defined in the Private Securities Litigation Reform Act of 1995, and, therefore, is subject to certain risks and uncertainties. There can be no assurance that the actual results, business conditions, business developments, losses and contingencies and local and foreign factors will not differ materially from those suggested in the forward-looking statements as a result of various factors, including market conditions, competition, advances in technology and other factors.

For Media and PR inquiries, please contact: Julianne McDaniel at 817-303-7449 or jmcdaniel@uatvn.com .

Source: Urban Television Network Corporation

CONTACT: Julianne McDaniel of Urban Television Network Corporation,
+1-817-303-7449, or jmcdaniel@uatvn.com

Web site: http://uatvn.com/

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