PEARL RIVER, N.Y. (BUSINESS WIRE) Provo International Inc. (AMEX: FNT), today announced that it has closed a $1 million gross proceeds financing through a private placement of convertible notes to institutional and accredited investors. Provo intends to use the net proceeds to purchase additional inventory for its Provo Mexico subsidiary, as well as for working capital, debt repayment and to strengthen its balance sheet for long-term growth. The Company anticipates that by increasing its inventory of pre-paid phone cards in Mexico, it can satisfy the growing demand for this product and significantly increase its sales revenues. Berry-Shino Securities Inc. served as placement agent for the transaction.

Commenting on the value of this transaction, Ventura Martinez del Rio, Sr., Chairman of Provo International, Inc. stated: «The Provo pre-paid phone cards are very popular in Mexico and it is critical that we increase our inventory in order to keep pace with the growing demand. We believe that these additional resources will allow us to do just that and should result in a significant increase in annual sales.»

Neither the convertible notes, the warrants sold to the investors, nor the shares of common stock to be issued upon exercise of the warrants have been registered under the Securities Act of 1933. Accordingly, these shares and warrants may not be offered or sold in the United States, except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act. Provo has agreed to file a registration statement covering resale by the investors of these shares and shares of common stock to be issued upon exercise of the warrants. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the common stock, warrants or common stock to be issued upon exercise of the warrants. The private placement was made by the company with a selling agent, and any opportunity to participate in the private placement was available to a very limited group of accredited investors.

About Provo International Inc.

Founded in 1995 as Frontline Communications Corporation, traded on the American Stock Exchange under the symbol FNT, Provo International Inc. has two operating divisions, Provo Mexico and Provo US.

The Provo Mexico division (www.provo.com.mx), acquired in April, 2003, is a Mexican corporation which maintains a dominant position within the prepaid calling card and cellular phone airtime markets in Mexico. Provo Mexico and its affiliates have been in operation for over seven years, and had combined audited revenue in 2002 of approximately $100 million, with operating profits of over $800,000. The company currently anticipates expanding existing Provo Mexico services to the continental United States, and intends to begin marketing cash cards, payroll cards and other forms of payroll and money transfer services, through both the Mexico and US divisions, in the near future.

The Provo US division provides high-quality Internet access and Web hosting services to homes and businesses nationwide, and offers Ecommerce, programming, and Web development services through its PlanetMedia group, www.pnetmedia.com. Provo US plans on expanding its current services and offerings beyond the traditional internet sector in the near future. The Provo US division had revenue of approximately $5 million in 2002.