Broadcaster Sells Houseplans to Kransco

LOS ANGELES--()--Broadcaster, Inc., (OTCBB: BCSR) the owner of Broadcaster.com, the fastest growing next generation online community, today announced the sale of Houseplans, Inc. to a company formed by the principles of Kransco, Kransco Houseplans, LLC. The sale price was $8,000,000 with $5,000,000 in cash and a $3,000,000 promissory note.

This transaction both completes our transition into a pure Internet entertainment company and significantly strengthens our balance sheet, said Martin Wade III, Chief Executive Officer of Broadcaster, Inc.

About Broadcaster, Inc.

Broadcaster.com is the next generation online community that empowers registered members to become broadcasters, either of themselves through web cam video chat, or as producers broadcasting from play-lists of live and pre-recorded content. Broadcasters are able to edit their programming with free Broadcaster tools, find an audience by inviting and adding other viewers to their friends list, and notify their audience of broadcast schedules and updates to channel content. Since its launch in Q4 of 2006, Broadcaster.com has amassed loyal audiences that upload and view millions of video files each month. Broadcaster's ever expanding library of content offers a wide variety of full-length movies, music videos, news feeds, original and proprietary content. Broadcaster, Inc. is headquartered in Los Angeles. For additional information about Broadcaster, Inc., please visit us at www.broadcaster.com.

Safe Harbor Statement

This press release may contain forward looking statements that involve risks and uncertainties, including statements regarding our business strategy and development plans, plans for entering into new businesses, anticipated sources and uses of funds and other statements regarding our plans, objectives, expectations and intentions that are not historical facts. Because these forward-looking statements involve risks and uncertainties, actual results could differ materially from those discussed in this press release. These risks and uncertainties are described in greater detail in the reports that we file with the Securities and Exchange Commission. Our actual results, performance or achievements may vary materially from those expressed or implied in any forward-looking statements. All forward-looking statements reflect our beliefs and expectations as of the date of this press release and should not be relied upon as representing our views as of any subsequent date. While we may elect to update these forward-looking statements publicly at some point in the future, we specifically disclaim any obligation to do so, whether as a result of new information, future events or otherwise.

Contacts

The Investor Relations Group
Katrine Winther-Olesen, 212-825-3210
katrine@investorrelationsgroup.com
or
Media:
Susan Morgenbesser / Michael Graff
212-825-3210
smorgenbesser@investorrelationsgroup.com
mgraff@investorrelationsgroup.com

Contacts

The Investor Relations Group
Katrine Winther-Olesen, 212-825-3210
katrine@investorrelationsgroup.com
or
Media:
Susan Morgenbesser / Michael Graff
212-825-3210
smorgenbesser@investorrelationsgroup.com
mgraff@investorrelationsgroup.com