American Interactive Media Inks Affiliation Agreement With AT&T Broadband; ComedyNet To Launch On HITS 13.

Business/Entertainment Editors

NEW YORK--(BUSINESS WIRE)--Nov. 27, 2000

American Interactive Media, Inc. (OTC: AIME), a developer of branded programming for digital platforms, announced today that it has signed an affiliation agreement for ComedyNet with Satellite Services, Inc. (SSI), the programming subsidiary of AT&T Broadband. ComedyNet also will be available to Headend in the Sky(R) (HITS)(R) customers on January 1, 2001, when it launches on HITS 13.

Under the affiliation agreement, AT&T Broadband has the opportunity to distribute ComedyNet as a digital network available to AT&T Broadband systems. AT&T currently has more than 2.5 million Digital Cable customers.

"This distribution agreement completes our vision of launching a comedy network on-line and migrating it to cable. Being on the HITS platform and adding an affiliation with AT&T Broadband bring added value to the launch of ComedyNet on cable, " said Mark Graff, Chief Executive Officer/President of AIME. "ComedyNet is a proven performer on-line. We look forward to providing comedians the same `comedy without a net' opportunities on cable as we have on the Internet, and in-turn, offer cutting-edge programming for cable operators."

"ComedyNet's unique programming concept, combined with its strong on-line presence, will add value to our digital cable lineup," said Matt Bond, executive vice president of programming for AT&T Broadband. "We look forward to the launch of ComedyNet."

Since its inception in May 1998, the network has received rave notices from both the industry and consumers. It won the Humor Indies "Three Star Salute" award; the "SAV Award" from Audio Visual Daily News for the top streaming audio/video comedy site; "Best of the Planet" award; the "Top 100 Websearchers Award," and was chosen as one of the top three humor sites in Netguide.com's The Best of 1998. " Most recently, it was nominated as the "Most Entertaining Site" for a 1999 Real Networks "Streamers Award."

American Interactive Media, headquartered in New York City's Silicon Alley, is creating original, branded entertainment programming that can be distributed across multiple platforms including the Internet, cable and satellite television and radio.

This press release contains "forward-looking statements," as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by the use of forward-looking terminology such as "believes," "expects," "plans," "may," "will," "would," "could," "should," "anticipates," "estimates," "project," "intend," or "outlook." These forward-looking statements are only predictions, and actual events or results may differ materially as a result of a wide variety of factors and conditions, many of which are beyond AIME's control.