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LYNCH INTERACTIVE
CORPORATION

                                                        Press Release
                                                        For Immediate Release


                          LYNCH INTERACTIVE CORPORATION
                        ANNOUNCES ITS ANNUAL MEETING DATE

RYE, New York,  September 29, 2005 - Lynch  Interactive  Corporation  (AMEX:LIC)
announced  today  that its Board of  Directors  has set the date for its  Annual
Meeting of the  Shareholders as Monday,  October 31, 2005. The meeting will take
place at 9:30 A.M.  Eastern Standard Time at the Greenwich  Library,  Greenwich,
Connecticut,  for East  Coast  shareholders  and,  simultaneously,  at 6:30 A.M.
Pacific  Standard Time at 3800 Howard  Hughes  Parkway,  Suite 1800,  Las Vegas,
Nevada  89109,  for West  Coast  shareholders.  The Board of  Directors  has set
October 10, 2005, as the record date for shareholders entitled to notice of, and
to vote at, the meeting.

                                   * * * * * *

Contact: John A. Cole
        Vice President, Corporate Development,
        General Counsel and Secretary
        914/921-8821

Release: 05-10