Jewelry Television accepted the Refinancing of the Year award
at the 5th annual Turnaround Awards Gala presented by The M&A Advisor in
Palm Beach, Fla., March 7.

JTV was successful in bringing to closure a complex series
of transactions that included the closing of an equity infusion from Gems TV
Holdings, and the long-term refinancing of bank debt last year.

JTV and its parent company, Multimedia Commerce Group, were
also named finalists for “Media, Entertainment, or Telecom,” “Consumer and
Retail Products,” and “Retail Manufacturing and Distribution” awards within the
Sector Deal Category.

“I’m very proud of our collective efforts to turn this
company around,” Tim Matthews, CEO and president of JTV, said in a statement.
“It has required patient diligence and sacrifice from employees at all levels.
This award is a laurel representing the recent past and now we are totally
focused on the future.”

JCK