FOR IMMEDIATE RELEASE

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

IMAGINON HONG KONG JOINT VENTURE INKS DISTRIBUTION AGREEMENT WITH SKYHUB ASIA HOLDINGS

Companies now working together to develop and distribute broadband streaming and multimedia Web CD applications throughout the Asia-Pacific region;

ImaginOn HK announces more contracts.

SAN CARLOS, CALIFORNIA, January 16, 2001 -- ImaginOn, Inc. (NASDAQ: IMON) (www.imaginon.com) today announced that its Hong Kong joint venture partner ImaginOn HK (www.imaginon.com.hk) has entered into an agreement with Skyhub Asia Holdings Limited (www.skyhubasia.com), a subsidiary of eVision USA Com, Inc.(OTCBB: EVIS) (www.evisionusa.com). Under the terms of the agreement, both companies will develop and distribute a wide array of customized interactive streaming multimedia applications throughout the Pan-Asian region.

ImaginOn, Inc. Chief Executive Officer David Schwartz said today, "Skyhub Asia Holdings Limited is a major regional Internet Service Provider that is aggressively building its base of customers among schools, residential and commercial building contractors, general businesses, and government agencies that want high speed Internet access. From their two headquarters centers in Hong Kong and Singapore, they are quickly establishing themselves as a new-generation ISP, installing network infrastructure and developing content, in addition to providing broadband Internet access over a combination of local leased lines and satellite downlinks."

According to ImaginOn HK Vice President Mr. Boris Tam, the joint venture with Skyhub Asia is called "OnMedia21 Ltd." and involves marketing the full range of ImaginOn's technology and commercial products, which include, in addition to ImaginVideo™, interactive Web CDs, the ImaginAuthor interactive TV content authoring tool, and the WorldCities 2000 online interactive travel planning guides.

"ImaginOn HK is making great progress in turning ImaginOn's technology and products into long-term business opportunities in Asia," Tam said today. "The broadband-connected population in Japan, Hong Kong, Singapore, and Australia is growing rapidly and we forsee a very strong market demand for the unique kind of service that OnMedia21 can deliver today. This is a service that combines access with meaningful interactive content into one turnkey solution."

The announcement of a distribution agreement with Skyhub Asia Ltd. comes at a time of rapid growth and expansion for ImaginOn HK. According to Tam, the company now has projects underway with a number of leading government agencies, education institutions and businesses, including the Hong Kong Education Department, the American International Assurance Company (Bermuda) Ltd., the Baptist Oi Kwan Social Services Agency, Wan Chung Construction Ltd., and Queensland Tourism. What's more, ImaginOn HK was recently selected by Sun Microsystems to participate in its iForce initiative to provide pan-Asian customers with the partner relationships and expertise required to quickly turn their traditional business into an Internet-based business.

According to Schwartz, "ImaginOn HK is proving to be a good example of how our technology can be fine-tuned by our partners for their local markets. In Asia, most Internet connections are via 28 kbps low-speed modems, so our hybrid Web CD software fits well, delivering TV-quality video with Web links. The multiple formats supported by our ImaginVideo servers provide ImaginOn HK with the flexibility they need to supply broadband streaming to a wide variety of network customers."

ImaginVideo is a Java client-server application for the delivery and management of interactive video. On the client side, it operates in a Java-capable TCP/IP set-top box, browser, Sony PlayStation®2, or Microsoft X-Box and is delivered by HTTP servers running on Solaris or Linux. Multiple video encoding standards are supported and streamed from a single server. In addition to video streaming, new features defined for interactive TV and e-commerce functions are included: seamless branching, instant Web page links from video, automatic searches, and DVD-like random access.

ImaginVideo 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.