5TH AVE CHANNEL CORP. and Bezenet, Inc., to Conduct Live Video to Internet Demonstrations from Italy and Key West.Business Editors/High-Tech Writers NORTH MIAMI North Miami, city (1990 pop. 49,998), Dade co., SE Fla., a growing suburb of Miami, on Biscayne Bay; inc. 1926. It is mainly residential, but has considerable retail development. Manufactures include boats, wooden furniture, and aluminum products. , Fla.--(BUSINESS WIRE)--Dec. 29, 2000 5TH AVENUE CHANNEL CORP. (Nasdaq:FAVE fave Informal n. One that is preferred above others or likely to win; a favorite. adj. Favorite. [Short for favorite.] ) a Florida based television, Internet and retail company has agreed in cooperation with BEZENET, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . to demonstrate its new provisionally patented wireless technology by videoing the competition in the Italian Alps and Key West. BEZENET, INC., is a Florida corporation to which 5TH AVENUE CHANNEL CORP. has granted the exclusive rights to license the wireless device in Italy. BEZENET, INC. has been granted the exclusive rights to transmit worldwide video of the ICE CLIMBING ice climbing Sports medicine An 'extreme sport' in which participants climb ice formations with pickaxes, often without ropes Injury risk Hypothermia, death. See Extreme sports, Novelty seeking behavior. WORLD CUP 2001, which will be held January 18 through the 21st of 2001 in the Alps of Italy. Viewers around the globe will be able to watch some of the best ice climbers in the world compete for the ICE CLIMBING WORLD CUP 2001, and witness world class yacht racing Yacht racing is the sport of competitive sailing. There is a broad variety of kinds of races and sailboats used for racing. Much racing is done around buoys or similar marks in protected waters, while some longer offshore races cross open water. from Key West Race Week on January 15th, 2001 - live as it happens. The 5TH AVENUE CHANNEL CORP.'s provisionally patented device, which allows video to be instantly delivered to the Internet, will demonstrate a highly cost-effective way for video production to be conducted in a live environment including two diverse climates and various weather conditions. To view these events please feel free to visit our website www.netvideonetworks.com on the dates mentioned above. For information about the Ice Climbing World Cup 2001, please see: www.ice-time.com. For more on Key West Race Week, please see: www.keywestraceweek.com. About the 5th Avenue Channel 5th Avenue Channel Corp., through its Net Video Networks division, is creating and aggregating television and video content available through streaming on-demand form on the Internet. The company owns financial news programming, Net Financial News (TM), and operates a wireless cable system in Wisconsin and 5th Avenue Channel Retail, Inc. a business-to-business sales division that sells products to mass market retailers across the country. This press release contains statements that are forward looking and are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. When used in this press release the words "believes," "plans," "estimates," "expects," "intends," "anticipates," "may," "will," "should," "could," and other similar expressions are intended to identify forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . All forward-looking statements are based largely on current expectations and beliefs concerning future events that are subject to substantial risks and uncertainties. Actual results may differ materially from the results suggested herein. 5th Avenue Channel's actual results may differ materially from the results discussed, implied or forecasted in the forward-looking statements. Further information on the factors that could affect the actual results of 5th avenue Channel Corp. are included in its report on Form 10-KSB for the year ended December 31, 1999, and the most recent form 10QSB QSB Fading QSB Qualified Small Business (IRS category) QSB Queen Street Backpackers (Auckland, New Zealand) QSB Quality System Basics QSB Qualified Supplemental Benefit QSB Quantum Singleton Bound for the quarter ended September 30, 2000, which are on file wit the Securities and Exchange Commission. 5th Avenue Channel Corp. assumes no obligation to revise or update any forward-looking statements contained in this press release. |
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