HTVN
__________

MGB
_________

Pro Forma
Adjustments
___________

Pro Forma
Combined
___________

Assets

Current Assets

Cash and cash equivalents

$     52,655  

$       -    

$            

$     52,655  

Accounts Receivable

19,250  

17,899  

37,149  

Other Current Assets

-    

-    

-    

Other Asset - Programming Inventory

-    

-    

-    

Prepaids

41,666  

-    

41,666  

Investments

-    

-    

-    

Trade Credit Receivable

___________

-    
_________

___________

126,073  
___________

Total Current Assets

239,644  

17,899  

-    

27,543  

Property and equipment, net

1,423,826  

64,330  

1,488,156  

Goodwill and other assets

2,832,121  
___________

-    
_________

1,325,618  
___________

(a)(b)

4,157,739  
_________

Total assets

$ 4,495,591  
___________

$   82,229  
_________

$ 1,325,618  
___________

$  5,903,438  
____________

Liabilities and Stockholder's Equity

Current Liabilities

Accounts Payable

$ 1,142,697  

$   1,487  

$             

$   1,144,184  

Accrued Liabilities and other

66,489  

171,063  

237,552  

Notes Payable

1,356,299  

20,088  

1,376,387  

Accrued Interest

336,353  

-    

336,353  

Revolving Line of Credit

500,000  

100,000  

600,000  

Due to private placement participants

400,000  
__________

-    
_________

___________

400,000  
____________

Total Liabilities

3,801,838  

292,638  

-    

4,094,476  

Stockholder's Equity

Convertible Preferred Stock

275,774  

-    

275,774  

Common Stock

781,016  

100  

1,100  

(a)

782,216  

Additional Capital

3,074,282  

13,248  

1,248,052  

(a)

4,335,582  

Accumulated Deficit

  (3,437,319) 
___________

  (223,757) 
_________

     76,466  
___________

(a)(b)

 (3,584,610) 
__________

Total Stockholder's Equity

     693,753  
___________

  (210,409) 
_________

   1,325,618 
___________

  1,808,962  
___________

Total liabilities and stockholder's equity

$  4,495,591  

$   82,229  

$ 1,325,618  

$ 5,903,438  

HTVN
__________

MGB
_________

Pro Forma
Adjustments
___________

Pro Forma
Combined
___________

Revenue

$   278,186  

$  47,157  

$

$    325,343  

Expenses

Programming Expenses

26,472  

26,472  

Satellite Rental

274,400  

274,400  

Production expenses

45,926  

45,926  

Rental expense (net)

52,765  

52,765  

Administrative expenses

3,039,699  

23,066  

3,062,765  

Salaries and wages

-    

21,250  

21,250  

Depreciation

80,867  

35,575  

116,442  

Amortization

45,734  
___________

_________

147,291  
___________

(b)

193,025  
__________

Total Expenses

   3,565,863  
___________

    79,891  
_________

     147,291  
___________

   3,793,045  
____________

Loss from Operations

  (3,287,677) 
___________

  (32,734) 
_________

   (147,291) 
___________

 (3,467,702) 
____________

Other Income/Expenses

Loss on Sale of Assets

6,273  

6,273  

Interest expense (net)

39,443  
__________

-    
_________

__________

39,443  
_____________

Net Loss

$(3,333,393) 

$ (32,734) 

$ (147,291) 

$   (3,513,418) 

Basic and diluted net loss per share

$      (0.05) 
___________

$        (0.06) 
____________

Weighted average shares outstanding

$61,058,844  

$  61,178,844  

1.

BASIS OF PRESENTATION

Effective July 11, 2000, the Company acquired Televideo, Inc. and MGB Entertainment, Inc. in exchange for 120,000 shares of common stock, valued at $1,262,500.

The allocation of the purchase price is summarized below:

Assets acquired

$     82,229 

Goodwill

1,472,909 

Liabilities

(292,638)
___________

Total Purchase Price

$  1,262,500 

2.

PRO FORMA ADJUSTMENTS

(a)

To reflect the purchase price (stock valued at $1,262,500) and the resulting intangible asset of goodwill as if the acquisition had occurred on December 31, 1999.

(b)

To reflect the amortization of goodwill, as if the acquisition occurred on January 1, 1999.

HTVN
_________

Televidio &
MGB
__________

Pro Forma
Adjustments
___________

Pro Forma
Combined
___________

Assets

Current Assets

Cash and cash equivalents

1,062,313  

253  

1,062,566  

Accounts Receivable

33.636  

31,630  

65,266  

Other Current Assets

-    

-    

-    

Other Asset - Programming Inventory

-    

103,500  

103,500  

Prepaids

1,607,657  

-    

1,607,657  

Investments

91,116  

-    

91,116  

Trade Credit Receivable

126,073  
___________

-    
_________

___________

126,073  
___________

Total Current Assets

2,920,795  

135,383  

3,056,178  

Property and equipment, net

3,344,518  

53,130  

3,397,648  

Goodwill and other assets

12,945,407  
___________

-    
_________

1,225,479  
___________

(a)(b)

14,170,886  
___________

Total assets

  19,210,720  
___________

   188,513  
__________

  1,225,479  
___________

   20,624,712  
____________

Liabilities and Stockholder's Equity

Current Liabilities

Accounts Payable

289,656  

198,974  

488,630  

Accrued Liabilities and other

284,745  

-    

284,745  

Loans from shareholders

-    

33,190  

33,190  

Notes Payable

826,904  

40,265  

867,169  

Accrued Interest

159,610  

-    

159,610  

Revolving Line of Credit

500,000  

100,000  

600,000  

Deferred Revenue

300,000  
___________

-    
_________

___________

300,000  
___________

Total Liabilities

2,360,915  
___________

372,429  
_________

___________

2,733,344  
___________

Stockholder's Equity

Convertible Preferred Stock

275,774  

-    

275,774  

Common Stock

907,932  

1,100  

100  

(a)

909,132  

Additional Capital

25,016,488  

13,248  

1,248,052  

(a)

26,277,788  

Accumulated Deficit

(9,350,389) 
___________

(198,264) 
__________

(22,673) 
___________

(a)(b)

(9,571,326) 
__________

Total Stockholder's Equity

 16,849,805  
___________

   (183,916) 
__________

   1,225,479 
___________

 18,092,166  
____________

Total liabilities and stockholder's equity

  19,210,720  

    188,513  

   1,225,479  

  20,624,712  

HTVN
___________

Televidio &
MGB
___________

Pro Forma
Adjustments
___________

Pro Forma
Combined
___________

Revenue

254,860  

282,572  

537,432  

Expenses

Programming Expenses

878,673  

878,673  

Satellite Rental

444,709  

444,709  

Production expenses

111,531  

111,531  

Rental expense (net)

(13,938) 

(13,938) 

Administrative expenses

1,775,753  

157,327  

1,933,080  

Salaries and wages

1,288,072  

87,652  

1,375,724  

Non-cash compensation - stock

603,728  

603,728  

Depreciation

130,979  

12,100  

143,079  

Amortization

670,337  
___________

__________

73,646  
___________

(b)

743,983  
_________

Total Expenses

   5,889,844  
___________

   257,079  
___________

      73,646  
___________

   6,290,223  
___________

Loss from Operations

(5,634,984) 

(25,493) 

(73,646) 

(5,752,791) 

Other Income/Expenses

Interest expense (net)

251,538  
__________

_________

__________

251,538  
___________

Net Loss

(5,886,522) 
___________

   25,493  
__________

   (73,646) 
__________

(6,004,329) 
___________

Basic and diluted net loss per share

$       (0.07) 
___________

$        -    
___________

$        (0.07) 
____________

Weighted average shares outstanding

 86,308,396  
___________

          -    
___________

  86,428,396  
____________

3.

BASIS OF PRESENTATION

Effective July 11, 2000, the Company acquired Televideo, Inc. and MGB Entertainment, Inc. in exchange for 120,000 shares of common stock, valued at $1,262,500.

The allocation of the purchase price is summarized below:

Assets acquired

$     82,229 

Goodwill

1,472,909 

Liabilities

(292,638)
___________

Total Purchase Price

$  1,262,500 

4.

PRO FORMA ADJUSTMENTS

(a)

To reflect the purchase price (stock valued at $1,262,500) and the resulting intangible asset of goodwill as if the acquisition had occurred on June 30, 2000.

(b)

To reflect the amortization of goodwill, as if the acquisition occurred on January 1, 2000.