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Non-Tech : Rascals Comedy Club Restaurants(RASC)

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To: pennyangel who started this subject10/25/2001 9:52:22 AM
From: pennyangel   of 44
 
F2 Broadcast and Rascals International Announce Merger Plans


Business & High-Tech Editors

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Oct.24, 2001--F2 Broadcast
Network Inc (OTCBB:FTWB - news), a fully reporting company, announced
today a planned merger with Rascals International (OTC: RASC) of West
Orange, New Jersey.
"We are extremely excited about the opportunity that this merger
offers our shareholders. With the 4.5 million in revenue that Rascals
generates, in addition to our own creates a company with projected
revenues of over 7 million, and the single most valuable comedy
library consisting of over 400 hours of top name comedians. Rascals
was founded in 1983 and provides significantly more exposure and
content than our previous comedy club relationship." said, Howard
Stern CEO of F2 Broadcast.
"F2 Broadcast's expertise in video streaming in addition to their
Proprietary Digital Content Manager Software (DCMS) will provide the
technology to take our new company to the next level. ", said Ed
Rodriguez, CEO of Rascals International.

About Rascals International

Rascals International operates comedy clubs in Ocean Township and
West Orange, New Jersey and is opening new clubs in the Crowne Plaza
Hotel Downtown Phoenix, Arizona, the Sheraton Springfield at Monarch
Place, Springfield, MA and West Chester, PA. The Company also owns a
video library of nearly 400 hours of top name comedians. The Company
is headquartered in West Orange, New Jersey and located on the Web at
www.Rascalscomedyclub.com

About F2 Broadcast

F2 Broadcast Network is a provider of Internet video production
services specializing in the creation of turnkey solutions for live,
on demand, and archived convergent media. F2 Broadcast delivers
content via both high-speed Internet access and satellite uplink. With
satellite downlink facility in Fort Lauderdale, Florida, F2 Broadcast
is uniquely positioned to successfully produce and stream content from
any location and deliver it to the World Wide Web. F2 Broadcast
Network is the Internet Video Production Partner of PGA TOUR.com and
their work can be seen at pgatour.com.

Note: Certain statements herein that are not historical are
forward-looking statements, which involve risks and uncertainties.
Although the Company believes that the expectations reflected in the
forward-looking statements and the assumptions upon which the
forward-looking statements are based are reasonable, it can give no
assurances that such expectations and assumptions will prove to have
been correct. See the Company's Quarterly Report on Form 10-QSB/A1 for
the period ended September 30, 1999 and its Forms 8-K reporting events
occurring on December 20, 2000 and January 5, 2001, for additional
statements concerning important factors that could cause actual
results to differ materially from the Company's expectations,
including factors related to the Company's financial condition and the
uncertainty of its ability to satisfy its operating expenses until
revenues from the sale of certain assets, or from any other source or
sources, become available.

For Information, or a complete F2 Broadcast Media Kit please
contact: F2 Broadcast, 954/736-1800 ask for Robert Fuchs or Howard
Stern.

--30--db/ny*

CONTACT: Rascals International, Inc., West Orange
Ed Rodriguez, 973/243-8000
Fax: 973-243-8088
Rascalscomedyclub.com
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