Polnet Communications Ltd. has completed the acquisition of WPVS from Sheboygan Community Broadcasting, LLC.

PRESS RELEASE

May 10, 2010

Polnet Communications Ltd. Purchases Milwaukee Area

TV Station WPVS Channel 29

Noted Chicago Radio Company Acquires Second TV Station

Polnet Communications Ltd. has closed on its purchase of television station WPVS from Sheboygan Community Broadcasting, LLC. The station has a construction permit for digital channel 30.  Polnet recently purchased television station WPVN serving the Chicago area.

Polnet Communications Ltd. also owns radio stations WEEF, WNVR, WPJX and WKTA in the Chicago area.

The purchase price is $295,000.  Bob Heymann of the Chicago office of Media Services Group served as the exclusive broker representing the seller in this transaction.

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