Latin Television, Inc. to Change Core Business; Seeks Buyer for Assets

“Latin Television, Inc. (Pink Sheets:LTVI) The Board of Directors and the majority of the Shareholders of Latin Television, Inc. have approved a motion on July 30, 2007, for the Company to restructure its core business away from its current model of broadcasting to the Hispanic market, and instead to redirect its focus to a sports publication enterprise.

The Board believes that based upon the upcoming financial requirements for broadcast networks to convert from analog to digital in the near future, as well as the capital intensive changes necessary to produce High Definition programming, the interests of the Company’s shareholders will be better served by changing its business model and by focusing on the growing market for sports related publications.

Towards that end, the Company will be divesting itself of the assets of Latin Television, including cameras, broadcasting equipment, broadcasting rights, and intellectual property rights of the Company.

“The Company has not been able to raise enough capital under our current corporate structure to effectively grow Latin Television to its maximum potential,” said Randall Appel, President, “however, we still strongly believe in Latin Television. The Hispanic market continues to be one of the fastest growing segments of the economy, and Latin Television would be ideally suited to capitalize on the Latin market once it acquires the necessary capitalization.”

The Company is currently searching for the right buyers for its assets related to Latin Television, while it has already begun negotiations with the management of operating sports publications.

As soon as the Company has solidified its new core business, it will change its name, Latin Television, Inc., and will continue its operations under the new name that will more clearly identify the new business model. “

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