Marketvision Announces Proposed $500,000 Private Placement

Marketvision Direct, Inc. (TSX VENTURE:MKT) (the "Company" or "Marketvision")
announced today that it intends to complete a non-brokered private placement of
up to 6,250,000 units ("Units") at a price of $0.08 per Unit for gross proceeds
of up to Cdn.$500,000 (the "Offering"). Each Unit will consist of one common
share and one-half of one common share purchase warrant (a "Warrant"). Each
whole Warrant will entitle the holder to acquire one common share of
Marketvision for a period of 24 months, at an exercise price of $0.12 per share.
The Offering will be fully subscribed by Mr. Dennis A. Sharp, P. Eng. and
Glenburn Farms Limited, a company controlled by Mr. D. Campbell Deacon.


The common shares and warrants to be issued will carry a four-month hold period
under Canadian securities laws from the date of issuance. Completion of the
Offering is subject to approval of the TSX Venture Exchange.


Proceeds from the Offering will be used to review potential acquisition
opportunities of heavy oil properties in Albania, through the Company's wholly
owned Albanian subsidiary APIC Petroleum Corp., and for general corporate
purposes.


The Company also wishes to announce that upon completion of the Offering, it is
anticipated that Mr. Sharp will be appointed as Chief Executive Officer (CEO)
and Chairman of the Board of Directors of the Company. Mr. Thomas Vukovich, the
current CEO, will remain with the Company and will continue to serve as a
director. In addition, upon closing of the Offering, it is proposed that Mr.
Deacon will be appointed as a director of the Company.


Mr. Sharp, who holds a degree in Geological Engineering from Queen's University,
has extensive experience in the energy sector in industry, government and
finance. He served as Chairman and CEO of UTS Energy Corporation, a Canadian oil
sands company which was recently acquired by Total E&P Canada. He also founded
CS Resources, an innovative leader in heavy oil development. CS Resources was
acquired by PanCanadian Petroleums which subsequently merged with Alberta Energy
to form EnCana Corporation. Mr. Sharp has served on various public and private
boards and has been recognized for his contributions to Canadian business. He
has also acted as a Governor and Chairman of the Canadian Association of
Petroleum Producers (CAPP) whose member companies produce more than 95 percent
of Canada's crude oil and natural gas.


Mr. Deacon has been involved in domestic and international finance and commerce
since 1972. During that time he has spent more than 26 years in the investment
industry. He is currently Chairman of Deacon & Company, a Toronto based
investment firm. From 1986 to 1994 he served as Chairman and CEO of the
international investment banking firm Deacon BZW. He has served as Chairman of
the Investment Dealers Association of Canada and as a Governor of the Canadian
Investor Protection Fund. Mr. Deacon is currently Chairman of a public company,
Azure Dynamics, a world leader in the development of hybrid electric and
electric power-trains for commercial vehicles. In addition he currently sits on
the Board of Directors of a number of public companies.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") or any state securities laws and may not
be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available. All dollars in this release are
in Canadian funds.


FORWARD-LOOKING STATEMENTS

This press release includes certain "forward-looking statements". All statements
regarding the ability of the Company to successfully complete the Offering and
the appointment of Messrs. Sharp and Deacon as officers and/or directors of the
Company are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ materially from those
anticipated in such statements. All statements that are not historical facts,
including without limitation statements regarding future estimates, plans,
objectives, assumptions or expectations of future performance, are
"forward-looking statements". We caution you that such "forward looking
statements" involve known and unknown risks and uncertainties that could cause
actual results and future events to differ materially from those anticipated in
such statements. Such risks and uncertainties include the inability of the
Company to close the Offering due to the state of the capital markets and other
risk factors as discussed in the Company's filings with Canadian securities
regulatory agencies. The Company expressly disclaims any obligation to update
any forward - looking statements except as may be required by law.