For Immediate Release:

Olympusat Hires Veteran Multichannel Video Executives To Push Latin American and US Distribution

May 22, 2012 – Boston, MA – Olympusat, Inc., the country’s market leader in the development and distribution of independent Hispanic, Specialty, and Faith & Family television networks, announced at the Cable Show today two new hires today to expand the company’s Latin American distribution. Francisco Sibauste has joined Olympusat as VP Distribution and Sales, Latin America and Nick Febrizio has joined the company as VP of Distribution and Sales U.S. “We are pleased to have Francisco Sibauste and Nick Febrizio join our team to address the demand that we are seeing for our content in particular among our Hispanic demographic in the US,” said Tom Mohler, President & CEO of Olympusat, Inc. “Combined, they have over 36 years of experience in the video and entertainment business in both the U.S. & Latin America. We believe that these two veteran multi- channel video executives will help us meet our ambitious goals for 2012 as we expand domestically and in Latin America.” Francisco Sibauste will be responsible for launching Olympusat Networks in Latin America. Prior to joining Olympusat he held senior sales, marketing and business development positions for basic and premium channels in Latin America including HTV, Bloomberg TV, MGM networks, Playboy, Locomotion, Infinito, and ¡Sorpresa¡ TV. He was part of the team that launched HTV in Latin America. He launched Bloomberg TV in Brazil and was responsible for sales and marketing of all Bloomberg media services in Latin America. Prior to this as VP of Affiliate Sales at MGM (initially Family Channel International) he launched their channels to over 500 cities throughout Mexico and Latin America. As VP of Affiliate for Cisneros Television Group, he was responsible for sales to Latin America, the US, Spain and Portugal. In his role as Sr. Director of ¡Sorpresa¡ TV, he launched the channel in Liberty Puerto Rico and other markets in the Eastern US, achieving over 1M subscribers for the network. “Olympusat is the leading independent distributor of Hispanic networks in the United States,” said Francisco Sibauste, VP of Affiliate Relations at Olympusat. “I am very excited to join the company and help Olympusat expand its market presence into more markets throughout Latin America with our exciting High-Definition content and our extensive Spanish-language entertainment networks. Our strategy is to offer unique and value driven content to multi-channel video providers from Tijuana to Tierra del Fuego.” - More -

Nick Febrizio will be responsible for sales and distribution for Olympusat with numerous partners including Comcast, Time Warner and Cablevision. As a member of the AETN Distribution team, Nick was responsible for launching and distributing numerous television brands including A&E, History, BIO, H2, Crime & Investigation, Military History & History en Español as well as each brand’s respective HD channels and VOD components. Prior to joining Olympusat, Nick held long-term distribution sales and marketing consultant roles with WWE and most recently with Univision Communications. Additionally, Nick has worked in the new media space and championed Mobile Video content distribution resulting in an AETN Mobile content partnership with Verizon’s V-Cast platform. “Olympusat’s content fills a giant void in the market for independent, family friendly, specialty and Hispanic content” said Nick Febrizio, VP, Distribution and Sales at Olympusat. “Additionally, Olympusat truly provides distributors with flexible, tailored, content solutions designed to meet their local, regional and national needs. Olympusat was the first company to offer independent Spanish-language networks in the US to the Cable, DBS and Telco industry and has brought to market a suite of leading faith-based and family-friendly networks. With Olympusat’s great array of content, we see many opportunities to expand our partnerships and provide distributors with real solutions that cater to the growing Hispanic market in the US”.

About Olympusat, Inc. Olympusat, Inc. owns, operates, manages and distributes independent linear and non- linear programming networks to the Cable, Satellite, and Telco industries, in addition to multi-platform offerings including mobile, IPTV and broadband networks. The company represents 25 television networks serving the Hispanic, Specialty and Faith & Family markets such as the FUNimation Channel, Untamed Sports and Parables. Olympusat is the leading independent distributor of Hispanic networks in the United States free of major media conglomerates. Olympusat, Inc. also owns two strategic business units: Olympusat Digital Production, which provides Production and Post-Production services such as Optical Scanning, Complete Video Restoration and Color Correction services that revive classic movies for the 21st century high-definition video platforms of today and Olympusat Telecom, which offers complete communications solutions for both the enterprise and consumer markets worldwide. For more information on Olympusat, please visit www.olympusat.com.

For further information contact: Cathy Clarke CNC Associates 508-833-8533 E: [email protected]