Ubuy Broadcasting Company Enters Into a One-Year Radio And Internet Broadcasting Advertisement Contract With Beasley Broadcast Group Inc.

Coral Springs, Florida, UNITED STATES

CORAL SPRINGS, Fla., Feb. 2, 2005 (PRIMEZONE) -- The Ubuy Broadcasting Company, an affiliate of Ubuy Holdings Inc., (Pink Sheets:UBYH) has entered into a one-year contract with Beasley Broadcast Group, Inc. (Nasdaq:BBGI) for an hourly radio show that will be aired Monday through Friday titled, "The Sun Belt Report". The programming will include such topics as retirement issues, real estate reports and updates, mortgage financing updates, home security, health, and other programming geared to issues of the day throughout the Sunbelt regions of the world. The first broadcast is scheduled to begin on February 15, 2005 at 6:00 p.m to 7:00 p.m. on WWNN Radio (1470 AM). The web site is www.wwnnradio.com.

Steve Bazsuly, Chairman and CEO said, "The program will be simulcast live via the Internet. The simulcast will provide the Ubuy affiliates an opportunity to promote its products and services to a worldwide audience via the web. The Company plans to invite guest speakers from various regions of the world to discuss an assortment of health, wealth and retirement topics." He also added, "We welcome all viewers and listeners to call our open line during the show for questions and answers about the subjects being discussed." The telephone numbers are as follows: Local calls 561-988-5470 or toll-free 1-888-565-1470.

Beasley is a radio broadcasting company operating primarily in the eastern United States. The Company owns and operates 41 radio stations in 10 markets including Atlanta, Georgia, Boston, Massachusetts, Philadelphia, Pennsylvania, and Florida stations in Miami-Ft. Lauderdale, West Palm Beach-Boca Raton Ft. Meyers-Naples as well as Las Vegas, Nevada, Fayetteville, N.C., Greenville-NewBern-Jacksonville, N.C., and Augusta, Georgia.

About Ubuy Broadcasting Company (UBBC)

Ubuy Broadcasting has created an additional medium for the Ubuy affiliated companies. The UBBC will promote, educate, and inspire all viewers and listeners around the world by utilizing the various UBUY products and services. Currently UBBC-WebTv is linked to 100 countries and over 800 television stations around the world. (Web Site: www.ubbctv.com ) Other Ubuy Affiliates are as follows: www.ubuypromotions.com www.ubuyhomes.com, www.ubuymortgage.com , www.ubuydevelopment.com www.ubbctv.com www.ubuytitleinsurance.com.

The statements contained in this release and statements that the Company may make orally in connection with this release are not historical fact and are forward-looking statements within the meaning of the private securities Litigation Reform Act of 1995. Actual results may differ materially from those forward-looking statements, as such statements involve risks and uncertainties that could significantly impact the company's business and the actual outcome and results may differ materially.


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