Adrenalin Interactive Signs Licensing Agreement With Reality Quest Corporation.LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--June 3, 1998--Adrenalin Interactive Inc., (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :LUST) formerly Wanderlust Interactive, announced today that it has entered into an exclusive licensing agreement with Reality Quest Corporation. Reality Quest will design, manufacture and sell the TV Mouse, Adrenalin Adrenalin /Adren·a·lin/ (ah-dren´ah-lin) trademark for preparations of epinephrine. A·dren·a·lin A trademark for a preparation of epinephrine. Interactive's patented remote controller for PCs, Interactive TV set-top boxes The cable TV box that sits on "top" of the TV "set," although it is often located several feet away in an equipment rack. The set-top box descrambles the premium channels and provides a tuner for the higher cable numbers that very old TVs did not support. and video game systems. The TV Mouse incorporates a proprietary technology that allows for a dynamic, multifeatured cordless cord·less adj. Having no cord, usually using batteries as a source of power: a cordless telephone. cord controller with an on screen cursor (1) The symbol used to point to some element on screen. On Windows, Mac and other graphics-based screens, it is also called a "pointer," and it changes shape as it is moved with the mouse into different areas of the application. , which greatly simplifies the operation of interactive media systems when working with complex display menus. As a video game controller, several unique play features are possible. Reality Quest will market the TV Mouse around the world, creating versions to accommodate established and developing interactive media technologies. Reality Quest intends to focus its initial efforts on trying to establish the TV Mouse as the controller-of-choice for Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the enabled TV. Jay Smith, Chief Executive Officer of Adrenalin, commented, "We are very excited about the opportunity that this partnership brings us, as the expansion into the Interactive TV market with our TV Mouse is right in line with our plans for growth in the interactive game market, including development of new games of skill and chance for on-line gaming on the Internet." Mr. Smith further commented, "Reality Quest has a history of aggressive distribution of game controller products and I expect that we will enjoy a very successful relationship." Doug Collier, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Reality Quest, said, "We are looking forward to working with Adrenalin Interactive on the development of this exciting product, and with it in our product line, we expect to establish Reality Quest as a leader in delivering "interactive video interface solutions" for the Internet and for video game play." Adrenalin Interactive Inc. develops console video games See video game console. for Sony, Nintendo and Sega consoles, interactive entertainment titles on PC computers, and creates interactive television programming for digital set-top boxes. The Company also develops on-line "pay-to-play" interactive games for the World Wide Web. In February 1997, the Company acquired the operations of Western Technologies, a well-established video and computer game developer and electronic toy designer, which has done business as Adrenalin Entertainment or Western Technologies since 1980. -0- This release contains certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. which involve known and unknown risks, uncertainties or other factors not under the Company's control, which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or other expectations implied by these forward-looking statements. These factors include, but are not limited to, those detailed in the Company's periodic filings with the Securities and Exchange Commission.
CONTACT: Jay Smith, CEO
ADRENALIN INTERACTIVE INC.
(310) 821-7880, (310) 821-4251 fax
e-mail: jsmith@adrenalin.com
http://www.adrenalin.com
or
Doug Collier, President and CEO
REALITY QUEST
(303) 682-2689; (303) 682-4332 fax
or
Stephen D. Axelrod, CFA
Nancy S. L. Block
Susan T. Bolen (Media)
WOLFE AXELROD ASSOCIATES
(212) 370-4500, (212) 370-4505 fax
e-mail: steve@wolfeaxelrod.com
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