From: Max Minkoff Subject: ANNOUNCE: VictorMaxx Technologies Focuses on Product Marketing Date: Fri, 12 Jan 1996 14:35:23 -0600 FOR IMMEDIATE RELEASE For editorial information, contact: Richard H. Currie Annie Wear VictorMaxx Technologies KVO Public Relations (708) 267-0007 (503) 221-1551 annie_wear@kvo.com VICTORMAXX TECHNOLOGIES FOCUSES ON PRODUCT MARKETING DEVELOPMENT AND CONTINUED WORK ON CREATION OF LBE CENTERS Virtual Reality Company Transfers Engineering Support to Pemstar DEERFIELD, Ill. -- January 12, 1996 -- VictorMaxx Technologies, Inc., a leading supplier of virtual reality products, today announced that it will focus its internal resources on product marketing development and continued work on the creation of virtual reality location-based entertainment centers. As its strategic direction is further defined, VictorMaxx Technologies will transfer its product engineering services to Pemstar, a full-service contract manufacturer of precision electromechanical, component and flex circuit assemblies. Pemstar has previously provided engineering services to VictorMaxx Technologies and currently manufacturers the company's newest head-mounted display, CyberMaxxTM 2.0. "We are a full-service marketing group that takes the products we design, or acquire, and target them toward virtual reality or 3D software applications. In addition, we are focusing our energies on the burgeoning virtual reality entertainment business," said Richard H. Currie, president and chief executive officer of VictorMaxx Technologies. "With that in mind, it makes sense for us to look to a proven outside source to maximize and complement our internal strength." VictorMaxx Technologies will continue to market CyberMaxx 2.0 and its new VIR One, a cordless game controller, as well as other virtual reality products the company develops or acquires. In addition, VictorMaxx Technologies has been aggressively developing its proposed location-based entertainment concept, likely to be called Autoduel Arenas, based on the popular CAR WARS line by Steve Jackson Games. These location-based entertainment centers will be fully themed environments, each featuring virtual reality simulators, a snack bar, retail merchandise areas and memorabilia from famous Autoduel characters. The prototype installation is scheduled to open in metropolitan Chicago in 1996. In a related change, Kate Fagan, in her role as vice president of sales for VictorMaxx Technologies, will assume responsibility for international sales in addition to domestic sales. Fagan will continue reporting to Richard Currie. VictorMaxx Technologies, Inc. develops, markets and sells virtual reality products for home use in connection with personal computer-based virtual reality entertainment software. The company's common stock and warrants are traded on the NASDAQ Small Cap Market under the symbols VMAX and VMAXW, respectively. ### [MODERATOR'S NOTE: Commercial postings are offered on this newsgroup as a public service. Their appearance here does not indicate endorsement by the moderators or by the USENET or its administrators.]