Players Network Reports Year-End Results; Revenues Continue to Increase in All Sectors of the Business

Apr 05, 2001, 01:00 ET from The Players Network Inc.

    LAS VEGAS, April 5 /PRNewswire/ -- The Players Network Inc.
 (OTC Bulletin Board:   PNTV) today announced results of operations for the
 fiscal year ended December 31, 2000.
     Revenues increased 89% to $835,000 for the year ended December 31, 2000,
 compared to $441,300 for the fiscal year ended December 31, 1999.  Network
 revenue in 2000 increased to $305,000 from $228,000; advertising revenue
 increased to $97,000 from $43,000; and production and other revenue increased
 to $433,000 from $171,000 in 1999.  In addition, the Company recorded
 approximately $307,000 in revenues from bartering production services and
 advertising spots in exchange for magazine advertising in the year 2000, up
 from $102,000 in 1999.
     Selling, general and administrative expenses also increased 17% to
 $l,592,000 in 2000, compared to  $1,363,000 in 1999.  The increase was due
 mainly to increases in advertising expense which climbed to $193,000 in 2000,
 compared to $1,900 in 1999.  Payroll expenses rose to $265,000 in 2000,
 compared to $144,000 in 1999.  Legal and accounting expenses in 2000 were
 $255,000, when compared to $44,000 in 1999.  More than half the legal and
 accounting expenses in fiscal 2000 are nonrecurring going forward, as they
 were associated with The Players Network becoming a reporting company and
 getting re-listed on the OTC/Bulletin Board.
     Certain expenses, primarily consulting and production costs, were paid
 with Common Stock of the Company of $201,000 and $289,000 for 2000 and 1999,
 respectively.
     Net loss for the fiscal year ended 2000 was $1,202,000, or $0.14 per
 share, down slightly from $1,228,000, or $0.23 per share, reported in 1999.
 Weighted average shares outstanding in 2000 and 1999, respectively were
 8,328,406 and 4,258,891.
     "The year 2000 was a critical year for the Company, with most of our
 resources going  to a re-listing on the Nasdaq OTC/Bulletin Board," said
 Mark Bradley, President and CEO of Players Network.  "In addition to most of
 the expenses related to legal and accounting in 2000 being nonrecurring,
 management can now focus its resources entirely on growth and profitability."
 
     ABOUT PLAYERS NETWORK
     The Players Network owns and operates PlayersNetwork.com, a broadband
 gaming and entertainment Internet Portal, which  includes originally produced
 gaming-related content, e-commerce and full-streaming video programming on the
 World Wide Web.  The Players Network also operates the first and only 24-hour
 digital gaming and entertainment cable television channel, which is broadcast
 directly into hotel and casino guestrooms.  The Players Network's television
 and Internet content targets the 300,000,000 people who visit casino
 destinations worldwide each year by providing them with gaming.
 
     For more information, visit the Company's Web site at
 www.playersnetwork.com
 
     Forward-looking statements made herein are pursuant to the safe-harbor
 provisions of the Private Securities Litigation Reform Act of 1995.  Investors
 are cautioned that actual results, performance or developments could differ
 materially from those expressed or implied by these forward-looking statements
 as a result of known or unknown risks, uncertainties and other factors
 described from time to time in the company's filings with the Securities and
 Exchange Commission, press releases or other communications.
 
 

SOURCE The Players Network Inc.
    LAS VEGAS, April 5 /PRNewswire/ -- The Players Network Inc.
 (OTC Bulletin Board:   PNTV) today announced results of operations for the
 fiscal year ended December 31, 2000.
     Revenues increased 89% to $835,000 for the year ended December 31, 2000,
 compared to $441,300 for the fiscal year ended December 31, 1999.  Network
 revenue in 2000 increased to $305,000 from $228,000; advertising revenue
 increased to $97,000 from $43,000; and production and other revenue increased
 to $433,000 from $171,000 in 1999.  In addition, the Company recorded
 approximately $307,000 in revenues from bartering production services and
 advertising spots in exchange for magazine advertising in the year 2000, up
 from $102,000 in 1999.
     Selling, general and administrative expenses also increased 17% to
 $l,592,000 in 2000, compared to  $1,363,000 in 1999.  The increase was due
 mainly to increases in advertising expense which climbed to $193,000 in 2000,
 compared to $1,900 in 1999.  Payroll expenses rose to $265,000 in 2000,
 compared to $144,000 in 1999.  Legal and accounting expenses in 2000 were
 $255,000, when compared to $44,000 in 1999.  More than half the legal and
 accounting expenses in fiscal 2000 are nonrecurring going forward, as they
 were associated with The Players Network becoming a reporting company and
 getting re-listed on the OTC/Bulletin Board.
     Certain expenses, primarily consulting and production costs, were paid
 with Common Stock of the Company of $201,000 and $289,000 for 2000 and 1999,
 respectively.
     Net loss for the fiscal year ended 2000 was $1,202,000, or $0.14 per
 share, down slightly from $1,228,000, or $0.23 per share, reported in 1999.
 Weighted average shares outstanding in 2000 and 1999, respectively were
 8,328,406 and 4,258,891.
     "The year 2000 was a critical year for the Company, with most of our
 resources going  to a re-listing on the Nasdaq OTC/Bulletin Board," said
 Mark Bradley, President and CEO of Players Network.  "In addition to most of
 the expenses related to legal and accounting in 2000 being nonrecurring,
 management can now focus its resources entirely on growth and profitability."
 
     ABOUT PLAYERS NETWORK
     The Players Network owns and operates PlayersNetwork.com, a broadband
 gaming and entertainment Internet Portal, which  includes originally produced
 gaming-related content, e-commerce and full-streaming video programming on the
 World Wide Web.  The Players Network also operates the first and only 24-hour
 digital gaming and entertainment cable television channel, which is broadcast
 directly into hotel and casino guestrooms.  The Players Network's television
 and Internet content targets the 300,000,000 people who visit casino
 destinations worldwide each year by providing them with gaming.
 
     For more information, visit the Company's Web site at
 www.playersnetwork.com
 
     Forward-looking statements made herein are pursuant to the safe-harbor
 provisions of the Private Securities Litigation Reform Act of 1995.  Investors
 are cautioned that actual results, performance or developments could differ
 materially from those expressed or implied by these forward-looking statements
 as a result of known or unknown risks, uncertainties and other factors
 described from time to time in the company's filings with the Securities and
 Exchange Commission, press releases or other communications.
 
 SOURCE  The Players Network Inc.