Swiss Hawk AG Announces the Sale of its Participation in Horsecreek Entertainment AB/HomeTV

Swiss Hawk AG Announces the Sale of its Participation in Horsecreek Entertainment AB/HomeTV

ZUG, Switzerland, April 21/PRNewswire/ -- Swiss Hawk AG announces that it has sold its 8.13% participation in
Horsecreek Entertainment AB the owner and promoter of the HomeTV VOD digital
media platform to Motion Network Holding Plc ("MNH") in exchange for a
consideration based on 35 million new issued shares in MNH, thus bringing
Swiss Hawk's participation in MNH from 8% up to 14%.

The management believe that this represents a good value deal for Swiss
Hawk as based on business development activity reported by MNH in recent
weeks and a strong pipeline of further business development opportunities to
be exploited, and Swiss Hawk expects that the MNH share price can recover
substantially upwards by mid-2008.

MNH intend to implement the international rollout of the HomeTV products
through linkage with MNH's local partners. In all countries where MNH
broadcasts, HomeTV will be able to offer VOD services with both local market
films and films common to all markets. In addition MNH will work with HomeTV
to expand its VOD internet platform to fit a more global e-commerce model
revolving around entertainment.

About HomeTV

Horse Creek Entertainment/HomeTV http://www.hometvint.com is a European
digital media company, focused on providing Video on Demand (VOD) content
solutions. Based on its new relationship with MNH, HomeTV is aiming at
becoming a leading international provider of VOD titles, VOD programming,
management, home shopping services and global e-commerce solutions. HomeTV
will shortly launch services in Denmark and Finland and during 2008 expect to
deliver services in the Baltic States, Poland , UK and Ireland under the
trademarks http://www.hometvone.com and http://www.hometv1.com .

About Motion Network Holding Plc

MNH operates in the sector of communication and provides B2C and B2B
services in the area of Television, IPTV, Internet, media content production
and post production, software and retail. MNH operating services cover mostly
Europe, Far East and the US. MNH's wholly owned Luxembourg subsidiary Motion
Network TV ("MNTV") is the main group company that operates as a pan European
film and music dedicated TV channel. http://www.motionnetworktv.com.

About Swiss Hawk AG

Swiss Hawk is building a niche alternative asset class investment
management business, through the pursuit of an aggressive investment policy
based on actively investing and trading in participations in alternative
asset class transactions. http://www.swisshawk.com.

Contact:

Christophe Kourdouly, MNH/Antetime
Phone: +33-1-72-100213-214

Mary Prendergast
Phone: +41-41-511-01-98
E-Mail: contact@swisshawk.com

Source: Swiss Hawk AG

Contact: Christophe Kourdouly, MNH/Antetime, Phone: +33-1-72-100213-214; Mary Prendergast, Phone: +41-41-511-01-98, E-Mail: contact@swisshawk.com

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