All Sports Television Network, a Subsidiary of OBN Holdings, to Begin Broadcasting World Championship Sports

Las Vegas, Nevada, UNITED STATES


LAS VEGAS, Aug. 3, 2004 (PRIMEZONE) -- The All Sports Television Network (ASTN), a wholly-owned subsidiary of OBN Holdings, Incorporated (OTCBB:OBNH), has signed an agreement with On Communications to broadcast international world championship, world cup and grand prix events conducted by international sports federations. "I believe that these international events serve as a great introduction of ASTN to the viewing public," stated Donald Wilson, acting General Manager of All Sports Television Network. "These events will clearly show the direction we plan to go in developing the network, and is just a small indication of things to come."

The initial events to be aired are the New York City Grand Prix of Fencing and World Championships of Women's Team Saber and Foil, the 32nd IAAF World Cross Country Championships, the International Canoe Federation World Cup and the Bearing Point Lucerne World Cup Rowing Event. The four events will air beginning in early August, and will serve as a precursor to the official launch, which commences in September. Future international events that ASTN plans to air include tennis, gymnastics, track and field, badminton, karate, rugby, table tennis, wrestling, volleyball, cycling, basketball and boxing.

Talks are also underway for licensing a series of sporting events currently being aired in Europe, and ASTN is in the process of developing two new television series. The network is planning to begin rolling out the new programming beginning in mid September.

About OBN Holdings

OBN Holdings, Inc. is a holding company for the wholly-owned operating subsidiaries Omni Broadcasting Network, Inc.; All Sports Television Network, Inc.; Eclectic Entertainment, Inc.; Products on Demand Channel, Inc.; and Retro Records, Inc., resulting in the company covering all major facets of the entertainment industry.

To view company information, updates, the latest filings or past news releases, go to the company's website at: (www.obnholdings.com) and click on the Media heading. Please direct any financial questions to Magellan Financial Media Group at (317) 867-2839.

OBN Holdings, Inc.: 8275 South Eastern Avenue, Suite 200, Las Vegas, Nevada 89123 (702) 435-0544.

Disclaimer

This press release does not constitute an offer to sell or the solicitation of any offer to buy any securities of OBN Holdings, Inc, nor shall there be any sale of any such security in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.

Forward-Looking Statements

This press release and other statements by OBN Holdings may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "estimate," "potential," or future/conditional verbs such as "will," "should" and "could."



        

Contact Data