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Javelin Systems Inc. Signs $7.5 Million Financing Agreement with FINOVA Capital Corporation
(Business Wire; 06/18/98)

IRVINE, Calif.--(BUSINESS WIRE)--June 18, 1998--Javelin Systems, Inc. 
(NASDAQ:JVLN), an innovative designer of integrated touchscreen, Windows(tm)-
based computers, today announced that it has signed an agreement for a $7.5 
million credit facility with FINOVA Capital Corporation.  The credit facility 
includes a $6.0 million revolving line of credit and an $1.5 million three-year 
term loan.

    Under the terms of the agreement FINOVA will receive 100,000 warrants to 
purchase Javelin Systems' common stock at $9.00 per share.  The warrants will 
have customary anti-dilution protection.  According to Javelin Systems 
President and CEO Richard P. Stack, the transaction was agented by the 
Company's investment banking firm, Irvine, CA-based L.H. Friend, Weinress, 
Frankson & Presson, Inc.

    "This funding will greatly enhance Javelin's working capital as well as 
enable our continued pursuit of strategic acquisition candidates," commented 
Stack.  "We view this new credit facility as the most capital efficient method 
to meet our financing requirements.  It reduces our cost of capital compared to 
straight equity while maintaining a conservative debt/equity ratio."

    The FINOVA Group Inc. (NYSE:FNV), through its principal operating 
subsidiary, FINOVA Capital Corporation, is a Phoenix-based major domestic 
commercial finance company providing a broad range of financing and capital 
market products primarily for midsize businesses.

    L.H. Friend, Weinress, Frankson and Presson, Inc. is a leading 
institutional West Coast-based NASD registered investment bank with four major 
divisions:  Corporate Finance, Investment Research, Institutional Sales and 
Trading and Market-Making.

    Javelin Systems, Inc. designs, engineers, and markets a full line of 
integrated touchscreen computers and hand-held terminals through Original 
Equipment Manufacturers (OEMs) and a network of systems integrators.  The 
Company's leading edge computers integrate substantially all of the 
functionality of a standard desktop PC into a small footprint, network-ready 
package utilizing industry standard operating systems, such as Microsoft's DOS, 
Windows, Windows95(tm) and WindowsNT(tm).

    The statements in this press release that relate to future plans or events, 
including the integration and effects of the above mentioned credit facility 
transaction, or events are forward-looking statements that involve risks and 
uncertainties.  Actual events may differ materially.  Readers are cautioned not 
to place undue reliance on these forward-looking statements, which speak only 
as of the date hereof.  The Company undertakes no obligation to release 
publicly the result of any revisions to these forward-looking statements that 
may be made to reflect events or circumstances after the date hereof or to 
reflect the occurrence of unanticipated events.  


    CONTACT:  Javelin Systems, Inc.
              Marty Tullio, 949/376-4458
              [email protected]

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