News Release

Thursday March 23, 12:56 pm Eastern Time

Company Press Release

TouchVision to Receive $9M in Equity Funding to Expand Business of Building the eTail to Retail Bridge

SEAL BEACH, Calif.--(BUSINESS WIRE)--March 23, 2000--TouchVision Inc. Thursday announced that it has entered into a Letter of Intent with Worldwide Intermusic Capital Group for $9 Million in equity funding.

TouchVision will use the funds to aggressively expand its business in the retail market. ``We have seen a huge swell of interest from retail customers as brick and mortar companies scramble to respond to the rapidly changing retail landscape fueled by the eCommerce explosion led by the dot-com's,'' said TouchVision's President Greg Roche. ``The funds will provide TouchVision with the opportunity to expand operations and to build upon the success of our kiosk technologies for interactive Internet kiosk networks in brick and mortar locations. According to Larry Mahar, TouchVision's Executive VP of Marketing, ''We believe TouchVision's technology will enable both the Internet-only and traditional brick and mortar retailers to leverage the Internet to gain wider access to their customers and provide secure delivery of digital products and eCommerce. TouchVision is targeting to become the category killer in the retail interactive media and digital delivery space.``

TouchVision is an end-to-end solution provider offering the enabling technology and support services that bridge between Internet eCommerce and brick and mortar locations. TouchVision enables its customers to publish and distribute broadband media, create eCommerce enterprises and provide interactive information and transaction services both over the Internet and through touchscreen kiosks.

Worldwide Intermusic Capital Group provides special equity and debt financing arrangements for producers, for the acquisition of intellectual property interests, and for the development, production, marketing and distribution of entertainment-related products. Traditionally, WICG engaged in the financing of specific projects in music, film and television. With the emergence of digital technologies, WICG has expanded its activities to include financing of digital delivery and marketing systems.

For more information, visit the TouchVision Web site at www.touchvision.com, or contact Larry Mahar at 562/626-8200 ext. 111 or email at [email protected].

Contact: 
     TouchVision
     Larry Mahar, Exec VP
     562/626-8200, ext. 111
     [email protected]