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FOR
IMMEDIATE RELEASE
Contact:
Bob Griffin, Griffin Public Relations & Marketing
(212) 481-3456
Bgriffin@griffinpr.com
IMAGINON
SET TO DELIVER ImaginAuthor™ TOOL TO PlayStation®2 COMPUTER
ENTERTAINMENT SYSTEM CONTENT DEVELOPERS
Company's
breakthrough authoring tool to be demonstrated at Tools
& Middleware Expo 2000 in Japan on June 22, 2000;
ImaginOn
has joined the PlayStation®2 computer entertainment system
Tools & Middleware Program.
SAN
CARLOS, CALIFORNIA, June 19, 2000 -- ImaginOn, Inc. (NASDAQ:
IMON) (www.imaginon.com) today announced it will, starting
in the Third Quarter, begin delivering an advanced version
of its patented ImaginAuthor™ authoring tool to developers
producing content for the new PlayStation 2 computer entertainment
system. ImaginAuthor is expected to provide the content
development community with the unique ability to incorporate
viewer-directed video branching into game-play sequences.
Further,
ImaginOn also announced it is now creating its own PlayStation
2 computer entertainment system content and intends to offer
software that combines viewer-directed video branching with
on-line Web content in hybrid DVD/ broadband Internet products.
According
to ImaginOn Chief Executive Officer David Schwartz, the
Company will demonstrate its advanced ImaginAuthor authoring
tool for content developers attending Tools & Middleware
Expo 2000. The conference will take place in Japan from
June 21 to 23 at Sony Computer Entertainment Inc., in Tokyo.
ImaginAuthor presentations will be assisted by ImaginOn's
Japanese distributor, AiCube.
"Our
goal is to deliver at least five ImaginOn titles in 2001,"
Schwartz said today. "These titles will both stand alone
on their own merits and serve as a showcase for the unique
capabilities of our core technology. These products will
also take advantage of ImOn.comTV™ interactive TV stations
on the Web to create open-ended infotainment and entertainment
experiences."
ImaginOn,
Inc. is an information technology company focused on developing
and marketing broadband interactive Internet television
products. ImOn.comTV, ImaginOn's lead product, is a turnkey
package that enables any Web site to present an interactive
Internet television console within a standard browser window
on any suitably connected computer. ImOn.comTV offers its
users video on demand, viewer directed branching video,
automated Web researching, and many additional features
customized for individual clients. The company's objective
is to deliver Internet television to anyone and everyone
who wants to communicate, entertain, inform, educate and
promote e-commerce in a new way for a new era of interactive
communications.
ImOn.comTV
and ImaginAuthor are trademarks of ImaginOn
and
are protected under U.S. Patents.
Except
for the historical information presented herein, the matters
set forth in this press release are forward-looking statements
within the meaning of the "safe harbor" provision of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements are subject to risks and uncertainties
that may cause actual results to differ materially. These
risks include acceptance of ImaginOn software by developers
and users, the successful development of competitive software
to ImaginOn's, competitive pricing pressures for ImaginOn
software and services, and the availability of financing
to complete management's plans and objectives. In addition,
other risks are detailed in the Company's periodic reports
and in its Form S-1 registration statement declared effective
by the Securities and Exchange Commission on May 11, 2000.
These forward-looking statements speak only as of the date
hereof. The Company disclaims any intent or obligation to
update these forward-looking statements.
*PlayStation
is a registered trademark of Sony Computer Entertainment
Inc.
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