Canal Internet Launches Online Hispanic Television Network

MIAMI BEACH, Fla.--(Business Wire)--
Canal Internet, Inc. announced today the launch of their website
canalinternet.com. The company, founded by experienced Internet
entrepreneurs, offers television shows and other quality video content
in Spanish, with high quality sound and picture, for free. Users can
watch some of their favorite shows as well as quality original
programming in Spanish anytime, anywhere, on their computer screens.

Among the content already available are renowned primetime series
such as Historias de Sexo de Gente Comun, Policias en Accion, as well
as other shows produced by Endemol Latin America, one of the largest
TV production companies in the world. Canal Internet is currently
negotiating licensing agreements from other large production houses,
as well as from independent producers.

"We are very excited to be the first large production company to
offer its contents through Canal Internet," stated Nicolas Grapper,
Director of International Productions for Endemol Latin America.
"Endemol is always looking to be innovative and is betting on the
future. We believe that the Internet represents the future for
audiovisual content distribution," he added.

Besides all the content being licensed, Canal Internet is
currently producing original content which will air exclusively on the
site. "We are following a network television model of programming and
we want to offer a wide variety of options to our viewers. Naturally,
offering exclusive content is one of our priorities," stated Andy
Kleinman, founder of Canal Internet.

Canal Internet is currently offering over 20 shows with hundreds
of episodes. Among them are reality shows, sitcoms, animations,
dramas, programming for women, documentaries, shorts and sports shows.
New television shows and other video content are being added every
week, as the company kicks off its first marketing efforts, begins to
sell advertising on the website and prepares to close on pending
content agreements.

Canal Internet is based in Miami Beach, Florida and has offices in
Buenos Aires, Argentina. It has received initial funding from angel
investors.

Canal Internet, Inc.
Andy Kleinman, 212-202-0345
andy@canalinternet.com

Copyright Business Wire 2008