CORRECTING AND REPLACING TNX Television Enters Into Agreement with Leading UK Train Operator; Central Trains to Exclusively Carry Company's Television Network.

Entertainment Editors/Business Editors

CORRECTION...by TNX Television, Inc.

PHILADELPHIA & LONDON--(BUSINESS WIRE)--March 3, 2004

In BW5362 issued March 3, 2004: Please replace the release with the following corrected version.

The corrected release reads:

TNX COMMENCES NETWORK OPERATIONS ON CENTRAL TRAINS LTD.

TNX Television Holdings, Inc. (OTCBB: TNXT; "TNX") announced today that it had begun installation of its LCD screens on Central Trains Ltd. Central Trains is part of the National Express Group (NEX.L), a leading international public transportation group with significant operations in the UK, U.S., Canada and Australia. Central Trains carry 35 million passenger journeys annually of which TNX will be initial servicing 18 million of the passengers along the Birmingham, UK route. The installation is expected to be completed by early July.

Central Trains provides commuter services for Birmingham, the UK's second largest city. The TNX Network on these trains will provide local, national and international news, sports, weather and general entertainment features to passengers. The Company expects full commercial advertising to begin in May.

The installation on Central Trains marks another significant milestone in our build-out of what we expect will be the leading commuter-based television network in the U.K.," said Irwin Gross, TNX's Chairman and CEO. "The endorsement from one of the country's leading train operators creates a terrific opportunity to showcase our Network. It will also facilitate increased distribution to other train operators, who will be able to see the value proposition we offer to passengers, advertisers and train companies."

TNX's wholly owned subsidiary, TNCI UK Ltd, a corporation organized under the laws of England ("TNX UK") (www.tnx.tv), has developed and will be installing during 2004 the UK's first nationwide commercially operated TV channel specifically developed for commuter trains. The "TNX Network" has been developed to improve train passenger journeys. Market research indicated over 80% of passengers who experienced the system wanted to see it installed on trains.

TNX is dedicated to providing high quality, information and entertainment content, which will include near real time news, sports, weather, travel and general interest supplied by leading content providers and edited to play on the Company's unique network. An average of six screens and distributed audio are installed in each vehicle for passengers to view and hear the system. TNX will show a variety of short programming that will be updated regularly and frequently through the company's proprietary wireless network. The sound level automatically adjusts to the background noise of the train. A "quiet zone" will be provided in each carriage for passengers who do not wish to hear the system.

The TNX Network will be funded through advertising and sponsorship, ensuring no additional costs to the passengers or train operators. TNX UK's target is to reach most of the 900 million annual train passenger journeys in the UK, and will expand into other international markets. The rollout of the system has commenced on Central Trains and will be expanded in 2004 to cover other train operators who have signed letters of intent with the Company. The majority of the follow-on contracts are expected to cover the London area which provides a highly attractive demographic for advertisers.

TNX has offices in Derby and London, England, as well as Philadelphia, Pennsylvania.

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