5th Avenue Channel Announces Distribution Agreement With CN8; Agreement covers CN8 The Comcast Network's 2.5 Million Homes.

NORTH MIAMI, Fla.--(BUSINESS WIRE)--Oct. 14, 1999--

5th Avenue Channel Corp. (Nasdaq: FAVE) today announced the signing of an agreement with the CN8, a division of Comcast Cable (NasdaqNM: CMCSK), for the broadcast of the 5th Avenue Financial Television Network on CN8. The Comcast Network is known as CN8 and is located on Channel 8 on the majority of homes on the Comcast Cable system which is in approximately 2.5 million homes in the New York, Baltimore and Philadelphia Designated Market Areas. When launched, the 5th Avenue Financial Television Network will air on CN8 during the stock market trading day and will also be simulcast on the Internet.

"The relationship with CN8 is at the center of our strategic plan for the launch and roll-out of the 5th Avenue Financial Television Network," said Mel Rosen, 5th Avenue's President, CEO and Chairman. "Comcast is an important force in cable television and by launching into the high quality demographics of the northeast markets we are able to test, develop and nurture our programming with our ideal customer base. Subsequent to the successful launch of the channel within CN8, we will continue our strategic rollout through distribution to additional cable and satellite systems across the United States, Europe and Latin America."

"5th Avenue has aggregated an impressive group of relationships and content for the creation of a new type of exciting, practical and useful financial and entrepreneurial television. This programming will be a 'must-see' for everyone from the serious to the amateur investor," said Bob Bubeck, Director of Network Sales for the Comcast Network. "This type of financial programming is exactly what we have been looking for on CN8 and we are working very closely with 5th Avenue in the finalization of the programming and the launch of the channel."

5th Avenue Financial Television will feature up-to-the-second financial information about stocks and trading, live interviews with analysts, insights into growing companies, IPO's, rumors from the Street and continually useful personal financial tools. The Company has installed cameras in the headquarters of Zacks Investment Research in Chicago and will be filming daily interviews with analysts for live broadcast on the television channel and for archival storage and searchable Internet retrieval. 5th Avenue demonstrated the taped interviews last week at Internet World in New York and filmed additional interviews with brokers, analysts, CEO's and other market influentials last week at Discovery Expo 1999, sponsored by The Investment Reporter at the New York Hilton. This footage will be available at 5thAvenueChannel.com, serving as the beginning of 5th Avenue's library of searchable/streamable business footage which will be packaged for syndication for sale to television and other websites both domestically and abroad.

Comcast Corporation is principally engaged in the development, management and operation of broadband cable networks and in the provision of content through principal ownership of QVC, Comcast-Spectacor and Comcast SportsNet, a controlling interest in E! Entertainment Television and through other programming investments.

5th Avenue Channel Corp. intends to utilize the convergence of the Internet and television to market financial services and unique and high quality products to educated and informed consumers. The Company runs 5thAvenueChannel.com, its web site for the acquisition and enjoyment of wealth, and is developing the 5th Avenue Financial Television Network in conjunction with Zacks Investment Research. The Company operates its Sales Division which markets 5th Avenue's exclusive products to other web sites, home shopping television channels and retail chains, as well as wireless cable television systems in Costa Rica and Wisconsin.

This press release contains forward-looking statements. 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-K for the year ended December 31, 1998, which is on file with 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.