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Orlando is Home to New Digital Media Venture Firm
Posted: 12/18/2002

Posted By: MultiChannel Ventures, LLC Contact: Press Dept.
Phone: 407-869-7117, ext 4 Email: Info@MultiChannelVentures.com

ORLANDO, FL (December 16, 2002) – Media entrepreneur Michael Gerrity, best known for being the founder of the REAL ESTATE CHANNEL, announce today the formation of MultiChannel Ventures, LLC.

Headquartered at Universal Studios - Orlando, MultiChannel Ventures ("MCV") is a media property development company and consulting practice whose core focus is identifying and incubating early-stage cable television and Internet broadcasting networks, technologies and applications. Some of their current portfolio companies include;

1. The REAL ESTATE CHANNEL (www.RealEstateChannel.com)

2. The HOME IMPROVEMENT CHANNEL (www.HomeImprovementChannel.com)

3. The GOVERNMENT CHANNEL (www.GovernmentChannelTV.com)

MCV is comprised of experienced television, Internet, technology, finance, legal and production executives, all of which have long records of success in building, operating, managing, financing, merging, acquiring and divesting cable television and Internet broadband networks and e-commerce ventures. The firm will operate two separate media practices:

1. Media Asset Development/Incubation

2. Strategic Media Consulting Services

Michael Gerrity further commented, "Being based in Central Florida further puts us in a unique position to exploit convergent media opportunities because of Central Florida's long and experienced history in media, favorable Governmental support and enormous talent pool of digital media, modeling, simulation and interactive television professionals and technologies indigenous to our own backyard. We are at the right place and at the right time for the accelerating need to develop interactive networks and applications for a growing wired world".

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