Command Performance Network Ltd. moves forward with interactive wagering deal and with planned reorganization; Plans to write-off certain assets.

NEW YORK--(BUSINESS WIRE)--Feb. 27, 1995--COMMAND PERFORMANCE (Alberta Stock Exchange: CMD ) Command Performance Network Ltd. announced today that it reaffirms its agreement with Eurotrade Securities S.A. ("Eurotrade") to reorganize its partially owned subsidiary, Command Performance Network, Inc. ("CPN"), with a United States public corporation ("U.S. Public Company") that has no substantial assets, liabilities, or business operations and then pursue additional capital formation efforts.

Additionally, IWN, Inc., a wholly-owned subsidiary of NTN Communications, Inc. (American Stock Exchange, symbol "NTN") announced February 16 that it had signed a letter of intent with Autotote Corporation (NASDAQ, symbol "TOTE"), a leading worldwide supplier of wagering systems, to develop and market pari-mutuel wagering applications for interactive technologies. Previously, CMD had announced that CPN had entered into an agreement with IWN, Inc. to develop interactive gaming applications. Management of CMD also announced today that it anticipates for financial reporting purposes writing down the value of certain assets as it relates to its interests in Command Performance Network Canada, Inc. ("CPNC") and CPN. CMD also announced today that it had acquired the remaining 30% interest in CPNC that it had not already owned.

Eurotrade today confirmed that they are proceeding to move ahead and are working to close a private equity placement involve CPN. A new closing date of March 31 has been set for the placement. Upon the completion of this financing, it is management's intent to vend in the shareholders of CMD into the U.S. Public Company. However, there can be no assurances that the vend in will be completed. Eurotrade also expressed confidence that it will be proceeding to assist CPN with the refinancing and that $15 million continues to be a goal of the second round of financing, to be raised on a best efforts basis.

Under the terms of the letter of intent between IWN, Inc. and Autotote Corporation, the parties will jointly develop interactive wagering initially utilizing IWN's HomeStretch TM PC-based wagering software and back-end host system, which allows racing fans to open an account, access information and transmit wagers electronically, and Autotote's computerized wagering system technology. The two companies expect to develop interactive wagering applications for a variety of interactive platforms in addition to HomeStretch TM, which is scheduled for pre-release testing during the first quarter of 1995. CMD, through CPN, is continuing its association with IWN, Inc., through the IWN, L.P. Agreement.

"The development and evolution of interactive wagering is a venture with great potential," commented Ms. Anderson, President of IWN, Inc. "Providing customers with an advanced yet easy-to-use front-end application, coupled with sophisticated totalisator technology is critical to the success of any interactive wagering system. Autotote is the leading provider of tote systems in the racing industry, which is why we're so pleased to be working with them."

Autotote Corporation designs and manufactures computerized wagering equipment and provides facilities management for use in race tracks, off-track wagering facilities, lotteries and legalized sports betting facilities and jai alai frontons. The Company's systems are in use in the United States, Central and South America, Canada, Mexico, the Far East and Europe.

The write-downs are proposed due to the fact that during CMD's latest fiscal year, CMD, through its investment in CPNC and CPN, has changed markets. CPNC and CPN are no longer planning to enter the interactive television market in Canada as previously contemplated but are now pursuing convenience wagering, primarily in the United States and Canada. CPNC intends to participate in the developing interactive wagering industry and it maintains a license agreement with CPN. CMD anticipates writing down the value of various interests it had as of fiscal year end by approximately $7.8 million. At that time, these interests were a 70% interest in CPNC, a 25% interest in CPN, and advances made by CMD to CPN for expenditures. Management notes that should the proposed reorganization of CPN be completed and had the goodwill previously recorded by CMD not been written off at this time, then in light of U.S. generally accepted accounting principles and U.S. Securities and Exchange Commission regulations, the goodwill would have been written off in the consolidation.

In addition to the acquisition by CMD of the remaining 30% interest in CPNC that it had not already owned, CMD maintains a 25% interest in CPN.

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SIGNED:

Christopher P. Desmond,

President & Chief Operating Officer 

THE ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE INFORMATION CONTAINED HEREIN.

CONTACT: Lahey & Moore Communications Inc., 212/759-0303