Broadband Network Business

RNS Number:4231A
JumpTV Inc.
17 July 2007

JumpTV Announces US$60.25 Million Acquisition of Broadband Network Business Unit
of XOS Technologies

Leading Internet Broadcaster Expects Material Synergies While Reaching Beyond
Ethnic Programming to Dramatically Expand Sports Offering

More Than 150 U.S. College, University and Other Sporting Properties Including
Athletics Departments From the SEC, Big 12 and Big 10 Conferences -- 24,000
Subscribers on Network

TORONTO -- (MARKET WIRE) -- July 17, 2007 -- JumpTV Inc. (AIM: JTV) (TSX: JTV),
the world's leading broadcaster of live television over the Internet, announced
that it has entered into a definitive agreement to acquire the Broadband Network
business unit of XOS Technologies Inc., based in Sanford, Florida, through an
asset purchase agreement for US$60.25 million in cash and 3 million retention
warrants for employees.

The Broadband Network business unit of XOS is one of the largest online global
sports networks streaming thousands of NCAA games including football, men's and
women's basketball, volleyball, baseball and track & field events. The Broadband
Network business unit currently has more than 150 official and exclusive
broadband relationships with U.S. colleges, universities, conferences and
professional sports teams including programs within the SEC, Big 12 and Big 10
conferences, to name a few.

XOS Broadband Network designs and powers multiplatform broadband environments
which include branded broadband video channels for its sports partners. Each
broadband video channel provides exclusive live and on-demand video streaming
for games and event content. In addition, the Broadband Network includes its
proprietary "One Fan Profile" capability that includes the XOS Total Ticketing
platform, event registration services and e-commerce solutions. Like JumpTV, the
XOS Broadband Network typically has long-term exclusive agreements with its
content partners and shares revenue generated by customers and advertising.

"The acquisition stays true to JumpTV's focus on IPTV for displaced communities
interested in unique, hard-to-find and high-affinity content -- whether for
ethnic immigrants or sports fans living far away from local television markets,"
commented G. Scott Paterson, chairman and chief executive officer of JumpTV.

"Sports programming on JumpTV is consistently amongst our most watched content.
Adding the expertise of the XOS Network will accelerate our ability to obtain
rights to important international sporting properties," Paterson continued.

The Broadband Network business unit of XOS has developed and maintains official
websites for collegiate and professional sports teams and leagues that engage
sports fans across various mediums -- including live video streams and
video-on-demand content, social networking communities, ticketing, donor
management and other high-value offerings. Under the terms of the acquisition,
JumpTV will continue to maintain these websites.

After the acquisition, JumpTV's ethnic programming business will be grouped in a
newly named "JumpTV International" division with key sporting assets like
JumpTV's www.SportsYa.com website and properties such as FIFA championship
soccer tournaments in Canada, Euro2008 Qualifying matches, Egyptian Football
Federation and Israeli Football League transferring to the JumpTVSports
division.

Nada Usina, the current president of the Broadband Network Division of XOS, will
continue in her position and will join the executive team of JumpTV. Nada Usina
has more than a decade of experience in the sports, entertainment, media and
technology industries. Prior to joining XOS, Usina served as the president of
Nokia Canada and as director of entertainment business development and sales
programs at Yahoo!

The Broadband Network business unit of XOS generated on an unaudited basis
US$2.45 million of revenue in the 5 months ending May 30th, 2007 and an
operating loss of US$3.17 million during the same period. Unaudited revenue and
loss for calendar 2006 was US$4,258,000 and US$6,797,000 respectively.

Given the current growth dynamics of the XOS Network business unit and the
upcoming Fall collegiate sports seasons, the Company believes that the financial
results in the latter half of the year will exceed the first half.

The Broadband Network business unit of XOS currently reports approximately
24,000 paid subscribers to its exclusive video content offerings and 4.9 million
unique visitors in March 2007, as reported by Nielsen Ratings.

Usina commented on the purchase by JumpTV stating, "Both JumpTV and XOS are
recognized as leaders in the global new media industry and together we can make
an even greater impact for clients, employees and others involved. By aligning
with JumpTV, XOS Network will reap multiple benefits such as the expansion of
our innovative vision and continued development of our exclusive One-Fan Profile
offering -- all to the advantage of our valued partners."

Usina added, "We believe there is a very large international audience for our
content -- both generally speaking and specifically for the expat American
community living overseas. JumpTV's experience in targeting international
audiences and their distribution partnerships with companies such as AOL, Terra
Networks and Orascom represent an immediate opportunity for us to expand our
audience and for advertisers to specifically target active and deeply engaged
Internet users."

Usina concluded, "In addition, one of the many exciting components of this
acquisition is the value that JumpTV's proprietary content delivery network
(CDN) will have for us. Amongst our largest cost centers is the price of
bandwidth and delivery -- by leveraging the JumpTV CDN we will significantly
bring those costs down and increase our profitability."

In 2006 the XOS Network streamed more than 7,000 different live sporting events
and currently averages more than 1,500 live streamed events per month. The
Company anticipates streaming more than 14,000 events in 2007. The sports that
had the largest following in 2006 included:

-- Basketball with over 3,000 games
-- Football with over 1,200
-- Baseball with over 1,000
-- Volleyball with over 500
-- Soccer with over 300

The Company believes the business development and product-related synergies
inherent in this combination will allow the combined venture to gain traction in
the North American and International professional sports marketplace.

Kaleil Isaza Tuzman, president and chief operating officer of JumpTV, stated,
"The combined entity will continue to leverage a hybrid subscription and
ad-supported business model with an emphasis on partner-based distribution.

"We expect to enhance revenues of both JumpTVInternational and JumpTVSports
through shared business development, merchandising and portal partnerships,
while achieving cost synergies in areas such as content delivery, product
development and administration.

"This is a watershed moment in the development of JumpTV," continued Isaza
Tuzman, "dramatically expanding our exclusive content and underscoring our
position as the leading broadcaster of live online television -- with the most
blue-chip, live video advertising inventory available on the Internet."

G. Scott Paterson continued, "By streaming SEC football, ACC basketball or
PAC-10 Volleyball, advertisers can leverage some of the most highly valued
sports programming in the world. The acquisition of the XOS Broadband Network
business unit makes JumpTV one of the world's foremost distributors of
professionally-produced entertainment and sports content over the Internet. In
purchasing the XOS Broadband Network, we broaden the reach and scope of JumpTV
while leveraging our existing platform and business model."

This transaction is expected to close in August after receipt of applicable US
anti-trust approvals. The retention warrants carry a five-year term for
exercise, with a strike price equal to the weighted average of the closing price
of JumpTV stock over the five days prior to closing of the transaction and are
subject to TSX approval.

JumpTV had approximately US$127 million in cash as of June 30th, 2007. The
Company had approximately 34,148 subscriptions and 29,968 subscribers as of June
30th, 2007, a less than 1% decline from reported levels for each on March 31st,
2007 -- materially better than the Company expected given the launch of 60 (now
110) channels free-to-consumer in the United States as of May 24th, 2007.

About JumpTV

Live Television From Around the World -- online, anytime, anywhere.

JumpTV (AIM: JTV) (TSX: JTV) is the world's leading distributor of live Internet
television. With over 290 TV channels from 75+ countries, JumpTV delivers
full-screen news, sports and entertainment content on a real-time basis from all
corners of the globe to computers, Internet-enabled TV sets, IP set-top-boxes
and cell phones with browser access.

www.jumptv.com

Forward-looking statement

Certain statements herein may constitute forward-looking statements, including
those identified by the expressions "may," "will," "should," "could,"
"anticipate," "believe," "plan," "estimate," "potential," "expect," "intent" and
similar expressions to the extent they relate to JumpTV or its managements.
These statements reflect JumpTV's current expectations and are based on
information currently available to management. These forward-looking statements
are subject to a number of risks, uncertainties, assumptions and other factors
that could cause actual results or events to differ materially from current
expectations, including the matters discussed under "Risk Factors" contained in
JumpTV's prospectus (admission document) dated August 1, 2006 and the matters
discussed under "Risk Factors" contained in JumpTV's final short form prospectus
dated February 19, 2007. These forward-looking statements are made as of the
date hereof, and JumpTV assumes no obligation to update or revise them to
reflect new events or circumstances.


JUMPTV PR / IR Contacts
North America:
Lewis Goldberg
KCSA Worldwide
[phone]
[e-mail]

Scott Paterson
Chairman & CEO
JumpTV Inc.
T: +1 416.368.6464
F: +1 416.849.3701
[e-mail]


SOURCE: JumpTV Inc.


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