Satellite Enterprises Corp Announces Agreement with MASS media

North Haven, Conn., United States, May 27, 2004 (Business Wire India)--The Minimum retainer fee, a total amount of US$3,600,000 will be paid to Satellite Newspapers Suisse GmbH.

After Asia Pacific and South Pacific, Middle East is the third region that signed up, and Mass media shall operate SATELLITE NEWSPAPERS MIDDLE EAST for the period of 20 years. Satellite Newspapers shall subscribe a total of 8 regional distributors for its products.

Mr J. Muller, CEO of Satellite Newspapers Middle East LLC said:"We are focussing on setting up a cost effective organization by building a strong network of local (country) distributors. Looking at the potential market, we have positive expectations with, for example, the airline industry as a big target. You will hear from us!"

Mr R. Piceni, Executive Chairmen of Satellite Enterprises said: "We are looking forward to cooperate with the best professionals. We regard the agreement with MASS media to be an important milestone for Satellite Enterprises Corp."

ABOUT THE COMPANY: Satellite Enterprises Corp is a NASDAQ OTCBB Company(OTC BB:SENR.OB). Its 100% subsidiary, Satellite Newspapers Suisse GmbH, operates the World Wide Rights for the Satellite Newspaper KiOSKS.

The Satellite Newspaper KiOSK prints customers newspapers on demand within two minutes.

Satellite Newspapers : The standard in global newspaper distribution.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbour" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements relating to results of operations and financial condition and business development activities, as well as capital spending and financial sources. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of Satellite Enterprises Corp. For more information regarding these risks and uncertainties, review Satellite Enterprises Corp. filings with the Securities and Exchange Commission. MULTIMEDIA AVAILABLE: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=4649806

CONTACT: For Satellite Enterprises Corp Investor relations: Ms. A Bogaardt, 31-70 346 5056