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International Entertainment News

Tuesday, December 18, 2007

Motion Network TV SA has Finalised a Reverse Takeover of Hollywood Entertainment Exchange Plc

Motion Network TV SA has Finalised a Reverse Takeover of Hollywood Entertainment Exchange Plc

ZUG, Switzerland, December 18/PRNewswire-FirstCall/ -- Swiss Hawk AG is pleased to announce that its portfolio company Hollywood
Entertainment Exchange Plc ("HEE") has been the subject of a reverse takeover
transaction whereby HEE has acquired 99.5% of the shares in Motion Network TV
SA and HEE has been renamed to Motion Network Holding Plc ("MNTV"). As a
result of the transaction Swiss Hawk AG holds 40 million shares in MNTV.

URL: http://www.swisshawk.com

About Motion Network Holding Plc ("MNTV")

MNTV thinks globally and acts locally. MNTV provides television network
and ancillary interactive technologies, a global and free access pan European
TV network dedicated to films with an innovative business model allowing
producers and/or distributors to exploit their rights within a short time
window without spoiling their rights with their current businesses.

Today, Media content has become key and the communication sector has
offered MNTV a wide range of partnerships including TV companies in China and
the US, European interactive Internet portals and also ancillary businesses
involved in technology and film financing etc.

MNTV currently operates a vertical business in the media spectrum through
distribution networks and operates out of offices worldwide run through
subsidiary companies in Luxemburg, London, Paris, Zurich, Stockholm, Moscow,
Denver, Shanghai and Hong Kong.

The MNTV management team is led by founders and visionaries Pierre Yves
Dongour and Christophe Kourdouly both with senior experience in the TV and
TMT sectors . The founders have created a strong senior executive management
team with previous senior level experience with leading media companies in
Europe and US including SBS, Endemol, European Union FMA, New Line/ RTL group
and others.

For further information about MNTV visit http://www.motionnetworktv.com.
The Motion TV portal will be launched within one month.

About Swiss Hawk AG

Swiss Hawk AG is building an alternative asset management business
through the pursuit of an aggressive investment policy based on actively
investing and trading in participations in alternative asset class
transactions (mainly late stage pre-IPOs / IPOs) with high-growth potential
and planned short term exit. Swiss Hawk focuses on the following business
sectors: Digital Media & Entertainment, Information Technology, Real Estate
Investment Management & Finance, and Renewable Energy & Environmental
Technology. Swiss Hawk is listed on the Frankfurt Stock Exchange Open Market.


For further information, please contact:
Mr Joseph Wipfli
Tel: +41-41-511-0198
E-Mail: contact@swisshawk.com

Source: Swiss Hawk AG

For further information, please contact: Mr Joseph Wipfli, Tel: +41-41-511-0198, E-Mail: contact@swisshawk.com


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