OBN Holdings, Inc. Recaps Highlights from 2005; Company Anticipates Additional Growth in 2006.

LAS VEGAS -- OBN Holdings, Inc. (OTCBB:OBNH) today announced results for 2005 fiscal year. The complete filing is available at www.SEC.gov.

OBN Holdings, Inc. President and CEO Roger Neal Smith commented on the fiscal year end results. "We're thrilled with the things we've been able to produce this past year," he said. "Our Four Tops Special has been the most celebrated and successful endeavor to date, and we're proud of the many other projects we've been able to accomplish."

2005 highlights include:

--One major project that was completed was the production of The Four Tops 50th Anniversary Special. The program was syndicated to eighty million households via television station affiliates of ABC, CBS, UPN, WB and Omni, an OBNH subsidiary.

--Three low-budget retro horror films are currently in final production stages: The Creep, Virus Man, and Silver Angel vs. the Death Zombies. Three of the completed productions received Telly Awards for excellence in production quality.

--The Telly Awards annually showcases the best work of the most respected advertising agencies, production companies, television stations, cable operators, and corporate video departments in the world.

--For fiscal year end June 30, 2005, the company launched a third broadcast network, All Sports Television Network (ASTN), to complement Omni Broadcasting Network and Products On Demand Channel.

--In addition, the company in April 2005 negotiated a long term contract for satellite uplink services with another uplink provided, which reduced costs by 23%.

--In July 2005 OBNH installed a $100,000 in-house customized master control/playback system, which affords the company increased flexibility in programming and advertising insertion. It has also reduced costs by 84% over contracted services previously used.

--OBNH also added over 200 film titles to its library by acquiring licensing rights and completing projects that were in production.

--The company also completed its Music on Demand pilot series, and developed Video Music Showcase, both of which are being broadcast on Omni.

The company was able to increase Omni's broadcast hours from less than thirty-two hours to over sixty hours per week during this fiscal year. ASTN, which launched in July 2005, broadcasts twenty-eight hours of programming per week, which POD broadcasts eighty hours each week. In total, OBNH's subsidiaries broadcast nearly 168 hours of programming each week.

Going Forward

"We believe our shareholders will be happy to know that The Four Tops Celebration Special will be available on DVD and CD, and that our subsidiary, Eclectic Entertainment, will receive those royalties," said Smith. "We're also excited about what is in store for OBN, its subsidiaries, and customers in 2006."

OBNH is continually evaluating programming and licensing submitted by independent production companies in an effort to provide the best programming for its affiliates. In addition, the company will continue to produce its own original television programming.

--The company is aggressively developing new television programs for Omni Broadcasting Network. Management continues to meet with independent television producers who have approached the network with show ideas.

--Given the success of The Four Tops show, the company will continue to syndicate programs produced in-house. A syndicator is under contract.

--The company has refocused programming from infomercials to music series with inserted short-form advertising for Products On Demand because these formats are more profitable and predictable. The company will continue marketing the airtime available on POD to independent television program distributors and small television networks.

--OBNH is expanding its sales operations to include international distributors, an outside advertising sales company, and a dedicated in-house sales team. They will also continue their efforts to establish sales offices in Asian, Africa and other international markets.

--OBNH will establish limited liability companies or limited partnerships, and use investor funding to finance major productions.

--OBNH will continue to minimize expenses by keeping tight controls over expenses, hire additional staff only as needed, and when feasible, continue to have support and production staff provide services to all of the OBN entities.

About OBN Holdings, Inc.

OBN Holdings, Inc. is a holding company for the wholly owned operating subsidiaries Omni Broadcasting Network, Inc.; All Sports Television Network, Inc.; Eclectic Entertainment, Inc.; Products On Demand Channel, Inc.; and Retro Records, Inc., resulting in the company covering all major facets of the entertainment industry

For the latest SEC filings or past news releases, go to the company's web site at www.obnholdings.com and click on the Media heading.

OBN Holdings, Inc.: 8275 South Eastern Avenue, Suite 200, Las Vegas, Nevada 89123. [phone]

This press release does not constitute an offer to sell or the solicitation of any offer to buy any securities of OBN Holdings, Inc., nor shall there be any sale of any such security in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state. Forward looking statements: This press release and other statements by OBN Holdings may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe", "expect", "estimate", "potential", or future/conditional verbs such as "will", "should" and "could".