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MPTV ENTERS AGREEMENT TO ACQUIRE CONDOMINIUM PROJECTS IN FLORIDA

 MINNEAPOLIS, Aug. 4 /PRNewswire/ -- MPTV, Inc. (NASDAQ: MPTV), announced that it has entered into an agreement to acquire, subject to certain conditions, timeshare interests in two condominium projects in Florida. Pursuant to the agreement, MPTV would acquire 200 unit-weeks near Orlando, Fla., and 255 unit-weeks in oceanfront property near Cocoa Beach, Fla. The seller would receive MPTV common stock and cash for the interests.
 The first property is located near Disney World in Orlando and contains 174 units, along with a swimming pool and other common facilities.
 The oceanfront project contains 228 units, with three swimming pools, racquetball and tennis courts, exercise room, beachfront activities and restaurants.
 MPTV is engaged in the entertainment and hospitality industry, with interests in television, video and resort property.
 -0- 8/4/93
 /CONTACT: Gerald Doran, president and COO of MPTV, Inc., 612-571-7877/
 (MPTV)


CO: MPTV ST: Minnesota IN: LEI SU: TNM

MA -- MN003 -- 9234 08/04/93 09:23 EDT
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Publication:PR Newswire
Date:Aug 4, 1993
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