Global Satellite Broadcasting Corporation Converts Promissory Note for NET.TV Shares

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I would like to personally thank each and every member of the rainbow corporation with my eternal gratitude for your faith and support in building GSBC as the technology leader in the digital signage business. Also I would like to thank the promoters, underwriters, owners, and the management team for their efforts in the successful listing of (NET.TV) on the DAX in Germany.

Today I want to thank some very special people who have contributed their time and money to make all this possible. Two years ago when this project started GSBC was just a scribble on a piece of paper. Since that day the Joint venture partners of the rainbow corporation invested their time and money to acquire and take public the smart screen technology.

Ronald Flynn founder of Global Satellite Broadcasting Corporation announced in a press conference in Thailand the listing of (netnetnet.TV) on the DAX in Germany and Global Satellite Broadcasting Corporations controlled block of shares in the German company.

Flynn said so often, signs of the future are all around us, but it isn't until much later that most of the world realizes its significance. Meanwhile, the innovators who are busy inventing that future live in a world of their own. They see and act on premises not yet apparent to others. In the technology industry, these are the folks I affectionately call "the techno geeks," and GSBC is setting the pace for 2007 with some of the most innovative products on the planet. You see our team of techno geeks being driven by Steven Tung are a few years ahead of their time. They see the potential in our existing SMS technology, and have pushed the envelope to get a lot more out of it than Steven Tung the inventor intended on. They are comfortable with new innovations, and good at combining them to get remarkable results.

"Today I want to thank some very special people who have contributed their time and money to make all this possible. Two years ago when this project started GSBC was just a scribble on a piece of paper. Since that day the Joint venture partners of the rainbow corporation invested their time and money to acquire and take public the smart screen technology." So at this time Flynn said, "I would like to personally thank each and every member of the rainbow corporation with my eternal gratitude for your faith and support in building GSBC as the technology leader in the digital signage business. Also I would like to thank the promoters, underwriters, owners, and the management team for their efforts in the successful listing of (NET.TV) on the DAX in Germany."

NETNETNET.TV listed on the DAX in Germany under the symbol (WJG) at 4.00 euro and nearly doubled in price its first day closing at 7.00 euro. Flynn then said with a smile, hedge fund investors were quick to buy the stock and this rally is only the beginning of an all out scramble to be part of the hottest technology on the planet. Flynn then said remember focus media used our technology and traded from 17 dollars on NASDAQ to 79 dollars USD IN 1 ½ years with Goldman Sachs as their underwriter. Obviously people realize that our patented technology works and that's why advertisers are lining up to advertise and broadcast their products via smart screens currently being installed around the world.

GSBC will be a listed public company at the end of January 2007. Our launch is on a global scale, with our main goal to corner the market in the digital signage business. Flynn then looked at the members of the press and exclaimed we want to publicly announce the right to convert our promissory note from (NET.TV) to receive fully paid non assessable class A common shares of NET.TV at the price of 10.00 Euro per share. We are very pleased with NETNETNET.TV and our board of directors and rainbow joint venture partners want the stock instead of the USD $1 billion dollar license buy out of the 43 European countries. We believe that (NET TV.) will corner the market in Europe in 2007 and the stock will soar.

Flynn concluded the press conference by saying GSBC will hold these shares as an asset of GSBC giving the investors of the rainbow corporation a percentage of ownership based on Tran actual agreements and ownership of the soon to be listed Global Satellite Broadcasting Corporation.

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