PTN Media, Inc. and Winston Cup Driver Kurt Busch Agree to Develop Mobile Phones and Exclusive Content

    ANN ARBOR, Mich.--June 11, 2002--PTN MEDIA, INC. (OTCBB:PTNM) a leading developer of branded handheld products today announced that it has entered into an agreement with NASCAR Winston Cup driver Kurt Busch to develop branded mobile phones, face plates and subscription services including Busch news and games delivered to mobile phones.
    Kurt drives the Number 97 Rubbermaid car which is owned by Roush Racing. The primary sponsor of his Ford Taurus is Newell Rubbermaid and features Rubbermaid and Sharpie.
    The agreement calls for the creation of Busch branded mobile phone handsets, phone covers as well as a subscription service which may include premium content, games, and ring tones. Subscribers to premium services will be able to receive messages from on a variety of subjects such as qualifying, race results and fan club information. Additionally, subscribers will be able to use their phones to receive special communications prior to a race or personal appearance.
    "Kurt is one of the rising stars of Winston Cup. Between his consistently strong finishes and his win at Bristol, he is one of the most exciting new drivers. We are excited to include Kurt among our mobile Winston Cup product line," says Peter Klamka, founder of PTN Media.
    "I'm excited to be associated with PTN Media, one of the leaders in their industry. Their product is a great way for race fans to keep up to date on what's happening at the track when they can't be there. It's a great company with cool products and we're glad to be on board with them," stated Busch on the new relationship.
    Approved designs for handsets and covers will allow fans to choose from exciting logos including Kurt's signature, Rubbermaid trademarks, and the stylized 97 that appears on the car.

    About PTN Media

    Since its inception in 1998, PTN Media Inc. has developed a number of commercial opportunities for celebrity brands in various new and traditional media. PTN has been a pioneer in creating branded handheld computers working with supermodels and top professional athletes. PTN has agreements with recording artists Nelly and Christina Aguilera to develop mobile phones and mobile applications. PTN's first application is currently available at www.nextel.com.
    This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of Securities & Exchange Act. The Company intends forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. All statements related to the Company's marketing and promotion of the mobile phones and mobile services, the Company's development of opportunities for celebrity brands and the outcome of any contingencies are forward-looking statements. All forward-looking statements made in this press release are made as of the date hereof, and the Company assumes no obligation to update the forward-looking statements included in this news release. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. Please refer to the Company's most recent Form 10-QSB, Form 10-KSB and other filings with the SEC for additional information regarding risks and uncertainties, including, but not limited to, the risk factors listed from time to time in such SEC reports. Copies of these filings are available through the SEC's electronic data gathering analysis and retrieval system (EDGAR) at www.sec.gov.