March 14 (Reuters) - Bravo Multinational Inc ( BRVO ):

* ON MARCH 11 ENTERED INTO A NON-BINDING TERM SHEET WITH

VIDGO,

INC

* BRVO WILL ACQUIRE CERTAIN CONTRACTS FROM ENTERTAINMENT

CONTENT

PROVIDERS, SUCH AS WALT DISNEY, ABC, AND FOX NEWS

* WILL RECEIVE ROYALTY FREE LICENSE TO VIDGO'S MULTICHANNEL

VIDEO

PROGRAMMING DISTRIBUTION PLATFORM, PLAYER FOR UP TO 15 MONTHS

* WILL NOT ASSUME ANY LIABILITIES OF VIDGO, EXCEPT FOR

INITIAL12

MONTHS MINIMUM GUARANTEED PAYMENT UNDER ACQUIRED CONTRACTS

* PURCHASE PRICE FOR THESE ASSETS WILL BE $10 MILLION IN

CASH PLUS

COMMON STOCK OF BRVO VALUED AT $1 MILLION

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