HTVN'S Televideo Signs Production Agreement With the Tejano Music Awards; The 21st-2001 Tejano Music Awards Signs Exclusive Production Deal

Business Wire, Feb 6, 2001

Business/Entertainment Editors

SAN ANTONIO--(BUSINESS WIRE)--Feb. 6, 2001

Televideo Inc., a wholly owned subsidiary of Hispanic Television Network (Nasdaq:HTVN), announced today it has signed a production agreement with the Texas Talent Music Awards (TTMA). The Texas Talent Musician's Association is a non-profit state-charted organization whose purpose is to promote excellence in Tejano music.

This agreement is indicative of the new revenue streams that HTVN is creating for its growing network. The financial terms were not disclosed but Televideo management confirmed that the contract would have a positive impact on the company's income. Michael Fletcher, president of Televideo and HTVN executive vice president of Program Acquisitions, stated, "The TTMA contract underlines our position as a solid TV production facility and also follows our strategy to create new revenue and increase shareholder value." The 21st Annual Tejano Music Awards will premiere on Saturday, April 7, 2001, in San Antonio, Texas.

"We are pleased Televideo Inc., a highly respected San Antonio-based production company, has agreed to produce this year's Tejano Music Awards," said Robert Arellano, TTMA'S president. "Their years in music video and programming production coupled with their expertise in event management make them an excellent choice and partner."

Televideo Inc. brings more than 10 years in production accomplishments including creating and producing original programming for Galavision, Telemundo and CMT International Networks. Televideo has provided production services for the Grammy Awards(R), Sony, EMI Latin as well as the creative and production for numerous successful syndicated programs through out the United States. Hispanic Television Network Inc. acquired Televideo Inc. in July of 2000.

About HTVN

HTVN (www.htvn.net) is the nation's third-largest Spanish-language television network, and is the only U.S. broadcaster to specifically target Mexican Hispanics with original, high-quality programming. Headquartered in Fort Worth, Texas, HTVN owns, operates or has affiliations with 25 television stations in major Hispanic markets including Los Angeles, Phoenix, San Antonio, Brownsville/McAllen, Corpus Christi, El Paso, Laredo, Victoria and Beaumont, Texas, as well as Las Vegas, and Reno, Nev., and San Diego. HTVN broadcasts 24 hours a day, 7 days a week, and is the first Spanish-language television network to broadcast live via the Internet through its partnership with Yahoo! HTVN Inc. has holdings that include HTVN (the network), American Independent Network (AIN), an interest in Latin Internet Portal Cubico.com and the production company Televideo Inc.

HTVN is a public company trading on the Nasdaq National Market under the symbol "HTVN."