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The Players Network Loses $827,000 for First Nine Months of the Year

Revenues for the first nine months of fiscal 2000 increased 184% to $690,000, when compared to $243,000 for the same period in 1999. Increases in revenues were derived from the Company's multiple revenue streams consisting of Internet advertising, production, and in-room network.

Selling, general, and administrative expenses increased 54% from $789,000 for the nine months ended September 30, 1999 to $1,212,000 for same nine months in 2000. The increase was mainly due to increases in advertising, payroll, and legal and accounting expenses, all of which were considerably lower in the prior year.

Almost all the reporting advertising expense was recognition of barter expenses. Over 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.

The Company reported a net loss of $827,000 ($.01 per share) for the first nine months of fiscal 2000, compared to a net loss of $766,000 ($.15 per share) for the same period in 1999. Weighted average shares outstanding in 2000 and 1999, respectively, were 8,177,395 and 4,985,120. The company issues stock and options to independent contractors that provide services to the company in lieu of cash.

The company is required to charge these issuances as expenses in the Income Statement. The company charged $622,000 and $580,000 to expenses for these issuances for the nine months ended September 30, 2000 and 1999, respectively. Certain expenses, primarily consulting and production costs, were paid with common stock of $150,000 in 2000 and $337,000 in 1999.

Stock-based compensation (Black Sholes) consisting of warrants and options charged to operations for the first nine months was $472,000 in 2000 and $243,000 in 1999.

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