AutoSmartUSA.com Showcases New Web Site Increasing Sales and Investor Interest.

JERSEY CITY, N.J.--(BUSINESS WIRE)--May 18, 1999--

AutoSmart Attracting Attention as Internet Portal

AutoSmart USA. Inc., a wholly owned subsidiary of Interactive Multimedia Network, Inc., (OTC BB: IMNI) offers a unique concept for car and truck buyers, the opportunity to purchase or lease the new car or truck of their choice for as low as 2% over factory invoice.

As a full-service Internet web site devoted to the retail sale of cars, light trucks, SUV's and vehicle accessories, www.autosmartusa.com allows a consumer to directly purchase a new vehicle as smoothly as ordering a pizza. Consumers begin the process of securing the lowest possible price for a new car or truck, with the specific options requested, with the click of their mouse and then proceed to finalize the sale including financing or leasing within minutes.

Referred to in Internet circles as a "Call to Action Site," the AutoSmartUSA.com web site has generated a steady stream of automotive registrations. AutoSmartUSA' s NEW Interactive Direct-Response menu-driven web site was developed with advice from the online consumer and has spiked a further increase in activity and interest in AutoSmartUSA and the parent company, IMNI. This additional traffic has major Internet companies taking a hard look at a "strategic partnership" with AutoSmartUSA.

Online Credibility Critical . . .

Equally important is the ability of the web site to convey "online credibility" to AutoSmartUSA, its Dealer Network, Affiliates Program and, most importantly, the Consumer who is about to purchase a new car or truck. "It's one thing to email `who we are' and speak to customers courteously, it's quite another to show them!" stated William J. Auletta, Corporate Director of Marketing of IMNI. The site transports the consumer from new cars, trucks and pre-owned luxury vehicles to pertinent corporate and Investor Relations information about AutoSmartUSA and its parent, IMNI, to online shopping as the experience is aimed at providing a comfort level for the purchase of a product. The new web site achieves that goal . . . ," states Mr. Auletta.

Interactive Multimedia Network, Inc., AutoSmartUSA's parent company, has seized upon this "portal" opportunity to showcase the many divisions of its e-commerce company utilizing Interactive Convergence; the crossover of platforms for the sale of a product or service: Television linked to the Internet and linked again to Retail. IMNI is promoting its Family Shopping Village: www.shop-the-net.com and additionally its AutoSmartUSA revenue share "affiliates program" for web masters. Based on the interest already generated in this program, AutoSmartUSA is well on its way to signing a projected 3,000 web masters before the end of the year.

"Webmasters love the program because they can participate in significant commission arrangements in the AutoSmartUSA affiliates program and can also participate with Shop-the-Net.com (www.shop-the-net.com) which offers a range of products and services for home and business," Auletta stated.

Television to Internet to Showroom . . .

The AutoSmartUSA Dealer Network is being supported by an aggressive regional and a national consumer advertising campaign which includes Interactive Home Shopping Television, Direct Response T.V. Commercials, print, radio, animated banners, AutoSmartUSA Affiliates program, targeted e-mail and national publicity. Additionally, IMNI will continue to give AutoSmartUSA prime exposure within its family shopping village.

The AutoSmartUSA advertising campaign is in full swing in South Florida, television has started as has the print campaign. Sports and personality radio sponsored by AutoSmartUSA starts next week as does the AutoSmartUSA Hour, a full hour of radio devoted to the Internet and the automotive enthusiast, which will initially air in the South Florida Market.

Safe Harbor Disclosure - This Press Release contains or incorporates by reference "forward-looking statements," including certain information with respect to plans and strategies of Interactive Multimedia Network, Inc., Shop-the-Net.com and AutoSmart USA, Inc., and AutoSmartUSA.com. For this purpose, any statements contained herein or incorporated herein by reference that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the forgoing, the words "anticipate(s)," "believe(s)," "expect(s)," "intend(s)," "plan(s)" "should" and similar expressions are intended to identify forward-looking statements. There are a number of important factors that could cause actual events or actual results of IMNI and its subsidiaries to differ materially from those indicated by such forward-looking statements.