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Poker TV Network, Inc. Officially Merges with PC Universe, Inc.

BOCA RATON, Fla. --- Poker TV Network, Inc. announced June 19 the completion of a share exchange with PC Universe, Inc., one of the top industry players in value added reselling of name brand information technology (IT) equipment. One of the terms of the merger requires Poker TV Network, Inc. to change its name to PC Universe, Inc. to better reflect its new business strategy. A name and company logo change, as well as the details of the share exchange will be unveiled in a future release.

With a 2005 gross revenue of approximately $25 million and priding itself as a total technology solutions provider, PC Universe provides professional technical services such as networking design and installation, ongoing network and hardware maintenance, network security analysis, managed services and network monitoring, business continuity planning, disaster planning and recovery, and voice over IP or VoIP --- services that Poker TV Network, Inc. executives hoped will boost their programming. PC Universe has served over 138,000 corporate customers, including the U.S. Air Force, and the U.S. Navy.

PC Universe President and Co-Founder Tom Livia says, "This merger (with Poker TV Network, Inc.) will allow us to leverage the financial and strategic resources that come with being a public company. It is our intent to explore new areas of financing and increase the company's visibility within our industry and in turn, capture growth and expansion opportunities in our marketplace."

The official statement from PC Universe regarding the merger with Poker TV Network, Inc. included the following disclaimer:

This release may contain statements that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current estimates and projections about PC Universe, Inc.'s business (formerly known as Poker TV Network, Inc.), which are derived in part on assumptions of its management, and are not guarantees of future performance, as such performance is difficult to predict. Actual outcomes and results may differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Such factors include, but are not limited to, the Company's ability to execute effectively its business plan and acquisition strategy, changes in market activity, the development of new products and services, the enhancement of existing products and services, competitive pressures (including price competition), system failures, economic and political conditions, changes in consumer behavior and the introduction of competing products having technological and/or other advantages. These and other risks are described in the Company's filings with the Securities and Exchange Commission, which should be read in conjunction herewith for a further discussion of important factors that could cause actual results to differ materially from those in the forward-looking statements. The Company assumes no obligation to update information concerning its expectations.

 

August 31, 2006
Pauline Davis

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