NTN Buzztime Provides Business Update and Strategic Input for Investors On the Use of Proceeds from its Rights Offering

NTN Buzztime, Inc.

, filed a registration statement with the Securities and Exchange Commission on December 20, 2011 for a rights offering to its stockholders that was declared effective on January 11, 2012. Pursuant to the Rights Offering, each NTN stockholder as of January 10, 2012 is being given the right to purchase 0.26261 shares of common stock for each NTN share of common stock owned of record on the Record Date, at a subscription price of $0.25 per share, and each stockholder who exercises such right in full (other than Matador Capital Partners, L.P., who is backstopping the Rights Offering, and its affiliates), may elect to subscribe to purchase a portion of the shares not purchased by other stockholders at the same subscription price per share, subject to certain limitations. A prospectus, describing the terms and conditions of the Rights Offering, including the backstop commitment of Matador Capital, will be mailed to the Company's stockholders as of the Record Date. All shares that will be issued in the Rights Offering have been registered under the Securities Act of 1933 and will be listed on the NYSE Amex. The subscription rights will expire if they are not exercised by 5:00 p.m., Eastern Standard Time, on February 8, 2012, unless the Company extends the Rights Offering as set forth in the prospectus.