Applied Inventions Management Inc.-Letter of Intent.

TORONTO, Ontario--(BUSINESS WIRE)--Nov. 30, 1995--APPLIED INVENTIONS (CANADIAN DEALING NETWORK: AIMC.A AIMC.B) Applied Inventions Management Inc. ("AIM") is pleased to report that its wholly owned subsidiary Applied Inventions Management Corp. - U.S.A. ("AIM-U.S.A.") has entered into a letter of intent with Tour Technologies, Inc. ("TTI") and its shareholders to acquire all of the issued and outstanding shares or all of the properties, assets and undertakings of TTI, as a going concern, for consideration of $300,000.00 U.S.D. to be paid and satisfied by the issuance of 227,778 Class "A" subordinate voting shares of common stock from the treasury of Applied Inventions Management Inc. The transaction is subject to satisfactory completion of due diligence and AIM and the shareholders of and TTI entering into a definitive agreement on or before January 15, 1996 and to regulatory approval.

TTI, a private Montana corporation, owns Tour Information Systems ("TIS"), a development and marketing company specializing in the production and dissemination of interpretive programming. The initial focus of TIS has been to develop and market the TOURGUIDE System, a unique new interpretive product specifically designed to convey high quality interpretive programs for automobile tours.

Using the Sony Data Discman Electronic Player as a base, TIS, in collaboration with the Sony Corporation, articulated the technical design and manufacturing specifications of the TOURGUIDE System. The TOURGUIDE System has the latest in built- in interactive computer technology providing up to 360 minutes of information on hundreds of separate tracks on a built-in CD-ROM device which is played on demand. Besides the expected tour information, the TOURGUIDE System also presents hours of entertaining legends, history, geology, folklore and music. The System has a video screen which displays prompts, graphical illustrations, and other helpful information. Installation of the TOURGUIDE unit is easily accomplished by the visitor, through simply plugging the power cord into the vehicle cigarette lighter. The visitor then tunes the vehicle FM radio to the frequency shown on the TOURGUIDE unit, and is ready to receive a variety of information via CD which comes pre-installed in the unit. Visitors simply key in the pre-set chapter numbers found in the TOURGUIDE Map Brochure enclosed with each unit.

TIS has demonstrated its ability to work effectively with the U.S. National Park Service ("NPS") through the development of its TOURGUIDE System car audio tours for Yellowstone National Park and Little Bighorn Battlefield National Monument. The first TOURGUIDE program developed for Yellowstone National Park won First Place at the National Association of Interpretation's 1994 Media Awards Competition ("NAI") and the second TOURGUIDE program, developed for Little Bighorn Battlefield National Monument, recently won First Place at the NAI 1995 Media Awards Competition confirming TIS commitment to provide a consistent, high quality program. A third TOURGUIDE program is currently being developed for Everglades National Park in Florida.

The TOURGUIDE can be rented at various locations within each park for $24.95 for a day and a half. Visitors can pick up the device in one location and return it to another location within the park.

There are over 360 National Parks in the U.S. and over 2,000 around the world. In 1991, NPS reported that there were over 287.2 million visitors to the National Parks in the U.S. Management of TIS estimate that 1 to 2 percent of vehicles entering the given park will use the TOURGUIDE System.

TIS, has entered into an agreement with the School of Electrical Engineering at Montana State University to develop and integrate Global Positioning System ("GPS") technology into the TOURGUIDE unit. This new system will include remote triggering (through GPS) of system playback to provide optional "hands-free" operation by travellers, inclusion of a battery pack power source for use in walking tours, and sophisticated visual presentations on the Data Discman screen.

AIM is also pleased to announce the recent appointment of Mr. Vern Louden as Director of Marketing. Mr. Louden has extensive retail and marketing experience of the U.S. mass merchandisers and a broad knowledge of the U.S. swimming pool industry.

AIM would also like to report that the due diligence period for the Letter of Intent pertaining to the STOR-A-SKI transaction previously announced on August 18, 1995 has been extended to November 30th, 1995. Management of AIM still awaits certain pertinent documentation prior to closing this transaction and thereby has requested a further extension. If said documentation is not received and a further extension is not granted, management will have no alternative but to abandon this transaction.

AIM markets and sells a patented swimming pool/spa intrusion alarm system under the name SAVE Plus. AIM's shares trade on the Canadian Dealer Network Inc. under the symbols "AIMC.A" or "AIMC.B".

CONTACT: Michael B. Stein

President

Applied Inventions Management Inc.

[phone] REPEATS: New York 212-575-8822 or 800-221-2462; Boston 617-236-4266 or

80