Adrenalin Interactive Signs Definitive Agreement to Acquire McGlen Micro, Inc., an E-Commerce Company.

LOS ANGELES--(BUSINESS WIRE)--April 30, 1999--

Adrenalin Interactive Inc. (NASDAQ:ADRN) announced today that it has signed the Definitive Agreement to acquire McGlen Micro, Inc. a leading Southern California based E-Commerce company.

Adrenalin will issue new common stock to McGlen equal to approximately 87% of the combined companies outstanding stock on a fully diluted basis.

McGlen Micro, founded in 1996, is a global internet retailer (http://www.mcglen.com) of computer hardware and peripheral products to the consumer, small office/home office (SOHO), and corporate markets. At the current time, McGlen has over 40,000 stock keeping units (SKUs) and over 120,000 customers. Repeat customers generated over 35% of sales during the first quarter of 1999 with the average repeat order size reaching approximately $310 versus $240 overall. McGlen's 1998 unaudited revenues were approximately $16.3 million with a small profit. Based on McGlen's unaudited first quarter revenue of approximately $5.4 million, George Lee, CEO of McGlen Micro, is projecting that 1999 revenue could rise to over $30 million, an 86% increase over the prior year.

McGlen operates in a competitive space that has attracted such successes as: Cyberian Outpost (NASDAQ:COOL), Beyond.com (NASDAQ:BYND) and Onsale Inc. (NASDAQ:ONSL). International Data Corporation, a well respected market research firm, estimates that the online market for computer products and software, will grow from approximately $2.8 billion in 1998 to over $11 billion in 2002; a compound annual growth rate of roughly 40%.

McGlen's e-commerce site is designed to offer convenience, ease of use and security for the online shopper and fully integrates all aspects of retail transaction processing into a user-friendly, automated infrastructure.

George Lee, McGlen Micro's CEO, stated, "McGlen Micro's vision is to be the leading company in the online retailing, or e-commerce, of computer hardware, software and other category leaders in a variety of niche markets. As a result of the intended merger with Adrenalin, McGlen will have the resources to pursue our strategy for growth and profitability."

Jay Smith, CEO of Adrenalin, said, "In a relatively short period of time we have accomplished a significant milestone in Adrenalin's corporate life. By combining with McGlen Micro, Inc. our shareholders will not only benefit from the internal progress that we have made but also be able to participate in one of the fastest growing business opportunities available today - E- Commerce. The Adrenalin/McGlen merger will combine the special infotainment talents of Adrenalin with the growth prospects of online retailing, an unbeatable combination in my estimation."

For additional information regarding the merger, please refer to the Form 8-K filed with the Securities and Exchange Commission.

McGlen Micro, Inc. is a private company that provides E-Commerce services and products for a wide range of computer related categories. McGlen Micro has a unique consumer interface and software technology that is popular with mass-market consumers. In February 1999, McGlen Micro acquired a similar company, Access Micro Inc., dba AMT Component, Inc. (http://www.accessmicro.com). The offices are located in Tustin, CA.

Adrenalin Interactive Inc. develops and licenses console video games for Sony, Nintendo and Sega consoles, entertainment titles for personal computers, and Internet "play-to-win-cash" games for the World Wide Web.

The statements set forth above with respect to the proposed acquisition, the benefits thereof and the potential growth of the combined company are forward looking statements within the meaning of that term in the Private Securities Litigation Reform Act of 1995. As such, they are inherently uncertain and should not be unduly relied upon. As to the consummation of the proposed acquisition, uncertainties include the ability of the parties to negotiate related agreements, completion of satisfactory due diligence by both parties, the receipt of approval by Adrenalin's shareholders, the satisfaction of other conditions to closing and other uncertainties normally associated with the consummation of business acquisitions. As to the hoped for benefits of the acquisition and potential future growth, uncertainties include the ability to successfully integrate the companies' businesses, technologies and management, the availability of sufficient capital to expand the businesses, customer acceptance on new products, competition and other uncertainties associated with integrating businesses after acquisitions and growth.