( BW)(MEDIA-&-ENTERTAINMENT)(MEDE) Media & Entertainment.com Teams Up with Prime Time Christian Broadcasting

Business Editors & High Tech Writers

Joint Venture to Establish a Subscriber-based Internet
Division Of PTCB'S God's Learning Channel to Broadcast Live and
Video-On-Demand Programming

BURBANK, Calif.--(BUSINESS WIRE)--July 29, 2002--Media & Entertainment.com, Inc. (OTCBB:MEDE), a provider of media delivery on the Internet, and PTCB's God's Learning Channel, a provider of Christian television programming, jointly announced today that they entered into a definitive agreement to offer satellite-based audio and video streaming media services to be made available on a membership-only subscription basis for GLC's 4.2 million cable customers. Media & Entertainment will distribute continuous, high-speed streaming media services directly to GLC viewers through its global multicast network. GLC will provide streaming media content through Media & Entertainment's network using NetDVD Streamshare, the foundation media delivery software technology to be deployed in each of the ISPs' last-mile networks.
"We have partnered with GLC to distribute their streaming content to an even broader global audience," said Roger Paglia, Chief Executive Officer of Media & Entertainment. "As streaming media proliferates across the Internet and consumes ever-increasing amounts of bandwidth, more efficient broadband distribution methods will be needed to bring content closer to Internet users. Our NetDVD Streamshare's scalable methodology has been designed to ensure reliable delivery of content to web viewers worldwide. In addition, the prospects of this venture will validate the exceptional opportunities that exist in the online marketplace for new and innovative broadcast services."
The new streaming service will be deployed to GLC's existing customer base in mid-August 2002 at an expected membership-only introductory rate of $4.95 per month. The website, WWW.GLCNETWORK.COM will provide content from PTCB and its partners. Media & Entertainment will then distribute the content via its global multicast network, which will deploy NetDVD Streamshare software to stream the content to customers.
"We are extremely excited to present to our current customers a website that offers unfettered access to many hours of high quality Christian programming. This joint venture with Media & Entertainment further extends our worldwide outreach by making available our video library to an expanded global audience," said Jeff Welter, head of programming for Prime Time Christian Broadcasting.
"NetDVD Streamshare will significantly improve the experience and level of user-interactivity for GLC's customer base," added Nana Yalley, Chief Information Officer of Media & Entertainment. "Our methodology really compliments the unique programming that GLC has to offer and enables us to further enhance our ability to provide an exciting and engaging streaming experience to their customers."
The equal sharing of revenues from the joint venture is anticipated to constitute Media & Entertainment's initial revenue stream and help to lay a solid foundation for profitability in the foreseeable future.

About Media & Entertainment.com, Inc.

Media & Entertainment.com, Inc. is a technology/media company whose proprietary software, NetDVD Streamshare, enables users to view all types of video online in full screen format, at very high speed, superb quality, and greatly reduced cost, eliminating the need for expensive high-speed connections. The technology makes it possible to produce highly scalable, fault tolerant, fully integrated streaming of scheduled and live video.

About Prime Time Christian Broadcasting

Prime Time Christian Broadcasting, Inc., has grown over nearly two decades into a network of Christian broadcasting stations covering much of New Mexico, West Texas, and cities in Arizona, Colorado, Oklahoma, Utah and beyond. Today, the PTCB signal is available via satellite to cable stations across the United States, on 34 television stations and 172 cable systems. Current viewers of PTCB programming represent an audience that exceeds 4 million individuals.

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions "may," "could," or "might" occur. Forward-looking statements involve risks and uncertainties. A number of factors could cause actual future results to differ materially from those contemplated by forward-looking statements, including Media & Entertainment's ability to develop satellite-based live and video-on-demand streaming media services for PTCB; generate revenues from its joint venture with PTCB and from its NetDVD technology helping to lay a solid foundation for profitability in the foreseeable future; distribute GLC's streaming content to an even broader global audience, NetDVD Streamshare's ability to ensure reliable delivery of content to web viewers; the joint venture's ability to validate exceptional opportunities that exist online for new and innovative broadcast services; the deployment in mid-August 2002 of the new streaming services; NetDVD Streamshare's significantly improving the experience and level of user-interactivity for GLC's customer base; and the revenues from the joint venture constituting Media & Entertainment's initial revenue stream. Media & Entertainment does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expresses or implied) will not be realized.