FOR IMMEDIATE RELEASE

Contact: Bob Griffin, Griffin Public Relations & Marketing
(212) 481-3456
Bgriffin@griffinpr.com

IMAGINON ANNOUNCES
PRELIMINARY FINANCIAL RESULTS FOR THIRD QUARTER ENDING SEPTEMBER 30, 2000

Investor telephone and Internet conference call
will be at 5:00PM EST on November 9, 2000; preliminary financial results for the third quarter ending September 30, 2000,
marketing and financing will be discussed.

SAN CARLOS, CALIFORNIA, November 9, 2000 -- ImaginOn, Inc. (NASDAQ: IMON) (www.imaginon.com) today announced preliminary financial results for the third quarter ended September 30, 2000. Final results for the quarter may change prior to the company's 10-QSB filing with the Securities and Exchange Commission.

For the third quarter, ImaginOn achieved net revenue of $167,058, up from second quarter 2000 net revenue of $139,633 and virtually even with the same quarter a year ago. Reflecting the company's ongoing investments in sales, marketing, and R&D, ImaginOn's net loss for the September 30, 2000 quarter was $1,887,225, up from a net loss of $1,633,021 in 1999. Including amortization of the discount and dividends on the company's convertible preferred stock, which affected only the 1999 quarter, the net loss applicable to common shareholders for the current quarter was $1,887,225, or $.04 per share, compared with a net loss of $1,760,680, or $.04 per share in 1999.

Commenting on the quarterly performance of the company, ImaginOn Chief Financial Officer Jim Newcomb stated that, "ImaginOn continues to make solid progress toward building the financing, sales, and distribution infrastructure that will enable us to achieve our long-term business objectives. In the last three months, our company has received a commitment for $12-million of equity financing and closed on $2.2-million of that financing as of October 31, 2000. During the same time period, ImaginOn followed up on the successful European launch of its ImOn.ComTV™ product line with two distribution agreements for worldwide representation, released ImaginAuthor™ for Sony PlayStation®2, released ImaginAuthor Lite for Windows PCs, and, finally, the ImOn.comTV Internet television system was selected by Sun Microsystems for inclusion in its iForce Internet sales and marketing initiative."

On November 9, 2000 ImaginOn will host an investor conference call, which will be simultaneously broadcast over the Internet by Vcall. The call is open for interactive participation by the first 200 individuals who call before 5:00 PM on the day of the call. From within the United States, individuals must call 1-800-966-6338. From outside the United States, individuals must call 1-415-217-0050. Once the call is placed, interested participants should hold for the operator and request access to the "ImaginOn Town Meeting."

Investors and other interested parties that wish to listen to the conference call over the Internet can do so through VCall at http://www.vcall.com. To listen to the live call, individuals should go to the Web site at least 15 minutes early to register, download and install any necessary audio software. For those who cannot listen to the live broadcast, a replay will be available shortly after the call and an audio transcript will be available 48 hours later at http://www.imaginon.com.

ImaginOn, Inc. is an information technology company focused on developing and marketing broadband interactive Internet and intranet video 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 computer with an Internet connection at 56 kbps, or higher. ImOn.comTV features video on demand, viewer directed branching video, automated Web searching and instant Web page links from video frames. The company's objective is to deliver interactive TV stations on the Web and intranets to anyone and everyone who wants to communicate, entertain, inform, educate and promote e-commerce in a new way for a new era of electronic communications.

ImOn.comTV and ImaginAuthor are trademarks of ImaginOn
and are protected under U.S. Patents. All other trademarks herein
are the property of their respective owners.

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, or by the Securities and Exchange Commission in its rules, regulations, and releases. 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.