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TFN, The Football Network, to Establish Headquarters in Baton Rouge, Louisiana.

Entertainment Editors/Sports Editors/Business Editors

BATON ROUGE, La.--(BUSINESS WIRE)--April 24, 2003

Up to 300 Jobs Created at Future State-of-the-Art

Production Facility

TFN to Broadcast from Louisiana PBS Facility for First Year

TFN, The Football Network, (OTC: TFNK), which will begin televising football 24/7/365 via national cable television programming this fall, will establish its headquarters and production facilities in Baton Rouge, Louisiana, the company announced today.

The location of TFN in Louisiana's capital will eventually create up to 300 jobs, an annual spending of over $30 million and will serve to enhance the area's reputation as one of the great football regions in the United States. National viewers will hear "Live from Baton Rouge - The Football Capital of the World," while watching studio-based programs each day.

"This is a historic deal for a local and state government and a television network," said Jerry Solomon, CEO of TFN. "We had discussions with no less than ten communities in five states. In the end Baton Rouge won the day thanks to an atmosphere made possible by Louisiana's economic development focus on making the entertainment industry a thriving sector of the state's economy. Louisiana's production credits, combined with quality jobs credits, will save our company significant capital over the next 10 years that we can reinvest in our programming. We also enter a football hotbed with college powerhouses LSU and Southern University at our doorstep, the premier programs of Tulane, Grambling, and McNeese close by, and the NFL's New Orleans Saints just down the road."

The office and studio construction for the permanent site will be at the Bon Carre Business Center, a nearly one-million square foot technology, research and business hub, which is anchored by a high-tech data storage facility and is the future home of Cox Communications Baton Rouge. "To build a production facility from scratch in a technology rich center is a dream," noted Rick Gentile, Senior Vice President, Programming and Production for TFN. "We will be able to broadcast in high-definition; everything will be first rate; and we will have one of the most up-to-date and modern facilities in the country. And our programming will reflect that!"

"Having TFN at Bon Carre is a fantastic coup for the state and the region," said Camm Morton, CEO of the Bon Carre Business Center, LLC. "The incentives that our owner group and the State were able to offer speak to the power of public-private partnerships in growing a regional economy. We cannot wait for them to be up and running."

During its first year in Baton Rouge, while its production facility is under construction, TFN will broadcast out of the facilities of Louisiana Public Broadcasting (LPB), which will benefit by a shared use of the new, state-of-the-art equipment being purchased. "This is an exciting opportunity for LPB and for the State," said Beth Courtney, CEO of LPB. "The partnership is unique for our industry, and the spirit of collaboration that TFN is bringing to us will reap rewards for our community's prestige and will create internship and professional opportunities for students and graduates of LSU, Southern and the Baton Rouge Community College."

The terms of the TFN arrangement will be made final and announced in mid-May following the ratification of several agreements.

About TFN, The Football Network

TFN's offices, which will move to Baton Rouge, are currently based in Lynnfield, MA, a Boston suburb. TFN will deliver all football, all the time, to the nation's millions of football fans who feel "Enough is Never Enough!" The network will show a wide range of football programming, including live I-AA college football, featuring the Big South, Southern, Atlantic 10 and Big Sky conferences; a new post-season I-AA All-Star game, which TFN will both own and broadcast; made-for-TV movies; live studio shows with news and fantasy football reports; and, coverage of the College Football Hall of Fame induction ceremonies. Additionally, TFN has signed agreements with the National Women's Football Association, Pop Warner Football, and the U.S. Flag & Touch Football League. Legendary announcer, Pat Summerall, is the signature "voice" for the network.

TFN's first film will be based on Penn State's Adam Taliaferro and his battle to defeat football-related paralysis which was told in the book, "Miracle in the Making." A rights agreement has also been signed for a documentary based on the book "When Football Was Football: the Chicago Cardinals and the Early Days of the NFL."

TFN already produces weekly radio reports, heard on the syndicated Sports Byline USA, and has produced, and is developing, programs to be seen on other cable networks until its own signal is launched. Two half-hour, Saturday morning programs - Football 101 and Fantasy Football 2003 - are already in development. Further information is available at www.footballnetwork.com.

Statements about the TFN, The Football Network's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such forward-looking statements involve risks and uncertainties and are subject to change at any time. The Company's actual results could differ materially from expected results.
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Publication:Business Wire
Geographic Code:1U7LA
Date:Apr 24, 2003
Words:888
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