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SpaceDaily.Com Buys Space.TV

Coming Soon To A Couch Near You - www.space.tv

Sydney - July 12, 2000
SpaceDaily.com, the leading website for the international space industry, announced today completion of its purchase of the Internet domain name Space.TV and the upcoming launch of a dedicated Internet TV channel about space.

Slated for launch in November 2000, Space.TV will offer a mix of space and science media utilizing various webcasting technologies aimed at today's growing broadband audience. The service will offer viewers a mix of programmed and on-demand content.

Publisher and founder of SpaceDaily.com, Simon Mansfield said, "Space.TV is a long term strategic move, with the Space.TV domain name communicating precisely what the website offers - namely continuous space media content in a television style format.

Although today's web media is an exciting format that has revolutionized publishing, most people continue to enjoy television style content that requires only that a person select their station of choice after which they can sit back and relax.

The Internet is fast going broadband with millions of households in the US, Canada, Japan, Australia, and throughout Europe now having access to high-speed Internet services - while at a corporate level, high-speed access is now almost universal.

The combination of these consumer and corporate marketplaces will ensure that Space.TV is launched into a healthy marketplace with the potential of reaching millions of people the world over.

"From the outset we will be focused on broadband users with programs initially available in a high bandwidth version first," said Mansfield.

"As a long time web surfer with years of experience in accessing the Internet via dialup modems, it is plainly obvious that low-end connections don't work and to pursue such markets would be a misallocation of resources," added Mansfield.

Space.TV is now in discussions with companies in the US, Europe, Australia and Japan to develop the site's content and further announcements will be made shortly.

Space.TV is a part of the Space Media Network that offers a sophisticated mix of space and science content aimed at industry, academic and the general public.

It's flagship product - SpaceDaily.com, is the only profitable Internet space media site with revenues of $1.5 million forecast for the 2001 financial year.

Based in Sydney, Australia, SpaceDaily.com has a proven track record of publishing successful and profitable Internet sites. The company's key to success has been to pursue an incremental growth strategy in line with actual revenue flows.

To find out more about Space.TV and how your company can play a role in this exciting new medium contact us today.

Space.TV is now in development and will be launching in November. If you would like to be advised of developments on this site, along with any upcoming webcasts of launches ahead of our official start you can subscribe to the Space.TV advisory email list. Send email to [email protected] including your name and email address and we will keep you informed of developments over the coming weeks.

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