Video Internet Broadcasting Changes Name to Homenet Communications and Merges with Homenet Utah, Inc.

First iProvo provider merges with HomeNet Utah; retains name HomeNet
Communications

Video Internet
Broadcasting Corporation (VIB TV) today announced it has changed its name
to HomeNet Communications, Inc. and merged with HomeNet Utah, Inc., a
subsidiary of Faraday Financial, Inc. of Salt Lake City. The new company
will be known as HomeNet Communications http://www.homenetcommunications.com .

"We’ve been pleased with the progress the company has made this year,"
said Frank Gillen, president of Faraday Financial. "We’re expecting big
things from HomeNet – both now and in the future – here in Utah, in
Washington and around the world."

"The merger and name change of VIB to HomeNet Communications better
represents the company as not only a video and Internet provider, but as
an integrated triple play provider offering voice, video and data services,
" said Mike Devine, president and chief financial officer of HomeNet
Communications. "Services and offerings in Washington State and for iProvo
will continue as planned."

VIB TV (now HomeNet Communications) secured a $750,000 convertible debt
offering from Faraday Financial in early 2004 and had previously raised
roughly $2 million in both equity and convertible debt through private
transactions with accredited investors. It also secured a $1.5 million
line of credit in July 2004 from Zions Bank of Utah, a subsidiary of Zions
Bancorporation (Nasdaq: ZION).

About HomeNet Communications (formerly VIB TV)
Headquartered in Ephrata, Washington HomeNet Communications is a full-
service iTPP(tm) (integrated Triple Play Provider) offering the first-ever
municipal delivery of true 100 Mbps fiber optic video, voice and data
content to homes and businesses through one voice/data connection. As a
pioneer iTPP, VIB TV’s HomeNet combines high-speed network connectivity
with DVD-quality video, digitally clear telephone conversation and ultra
high-speed Internet connectivity at prices competitive with traditional
service providers.

For more information, please visit http://www.homenetcommunications.com

# # #

This news release contains forward-looking statements within the meaning
of the Securities Act of 1933 and the Securities Exchange Act of 1934, as
amended. Such statements are subject to risks and uncertainties that could
cause actual results to vary materially from those projected in the
forward-looking statements. The Company may experience significant
fluctuations in future operating results due to a number of economic
conditions, risks in product and technology development, liquidity
constraints, the effect of the Company’s accounting policies and other
risk factors detailed in the Company’s SEC filings. These factors and
others could cause operating results to vary significantly from those in
prior periods and those projected in forward-looking statements.
Additional information with respect to these and other factors, which
could materially affect the Company and its operations, are included on
certain forms the Company files with the Securities and Exchange
Commission.

Media Contacts:
Russell Page, 801-523-3730(wk)/801-787-8435(cell), [email protected], for
HomeNet Communications

David Politis, 801-523-3730(wk)/801-556-8184(cell), [email protected],
HomeNet Communications