TNX Television Enters into Agreement with Leading London Commuter.

PHILADELPHIA & LONDON -- Contract With 'One', Covering 100 Million Passenger Journeys Annually, Provides Significant Penetration of London Market

TNX Television Holdings, Inc. (OTCBB:TNXT; "TNX") announced today that its UK subsidiary TNCI UK, Ltd ("TNX UK") has entered into a contract with 'One', a major London commuter train operator, to install its TNX television system on their fleet of trains. 'One' is the new rail franchise for all train services serving London Liverpool Street and the East of England, operating mainline, regional and inter-urban routes. The line is part of the National Express Group, one of the leading participants in the rail and bus industry internationally and in the UK.

Installation will commence in the second quarter of 2005. The lines carry approximately 100 million passenger journeys annually and will provide the TNX Television Network to the key London market. Initially, TNX UK will cover approximately 88 million passenger journeys. The London market is considered to be the most attractive UK market for advertisers due to its size and attractive demographics. The parties had announced a Letter of Intent on August 17th.

"This contract is significant as it gives TNX an important foothold in the London market," said Irwin Gross, Chairman and CEO of TNX. "Since we recently announced that we had generated our first revenues from advertising, we expect that our enhanced marketing activities, in combination with growing penetration of the London market, will result in significant new advertisers using our unique vehicle to reach consumers."

Under the agreement, TNX will install its commuter television system on the company's entire fleet of trains and operate the system for six years. The TNX system will deliver high quality news and information supplied by Independent Television News Limited of London (ITN) and general interest items to make the daily commute more enjoyable. The system also has the potential to provide enhanced passenger information and closed circuit television for improved security.

"In partnership with TNX, we're delighted to be able to offer our customers news updates and other usual information on the move with this innovative new service," said Martin Dean, Sales and Marketing Director for One. "By providing added value and enhancements to the level of service available on our trains across London and the East of England we can encourage more people to travel and help keep them informed at the same time."

About 'One'

'One' is the new rail franchise for all train services serving London Liverpool Street and the East of England, operating mainline, regional and inter-urban routes. With over 100m passenger journeys each year, 'One' is amongst the largest rail franchises in the UK, covering over 10% of the rail network. 'One' is part of the National Express Group, one of the major players in the rail and bus industry internationally and in the UK.

About TNX Television Holdings, Inc.

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 five to 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. A "television free zone" will be provided in each carriage for passengers who do not wish to hear the system. With this new contract, TNX now has contracts covering 40% of the UK commuter train market and about 45% of the important London market.

The TNX system is funded through advertising and sponsorship, ensuring no additional costs to passengers or train operators.

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