DIGS Inc. Will Become iVideoNow Inc., Reflecting its Prime Focus on Video for the Internet; Name Change will Support Commercial Launch of the iVideoNow Application.

Business Editors

ENCINO, Calif.--(BUSINESS WIRE)--May 1, 2000

DIGS Inc. (OTCBB:DIGS), a supplier of multimedia and Internet communications solutions for corporations, today announced that its board of directors and a majority of its shareholders have formally approved changing the corporate name to iVideoNow(TM) Inc. The company's unique iVideoNow(TM) Internet video screening player is in the final stages of intensive beta testing and is poised for full-scale commercial launch within the next two months. The name change is expected to become effective within the next 30 days. At the same time, the company's common stock will begin trading under its new symbol: VNOW.

The company also announced that its annual meeting of shareholders will be held in early July.

According to Peter B. Dunn, iVideoNow(TM)'s president and chief executive officer, the new name reflects the company's primary strategy direction and anticipated future opportunities. "Essentially, our company is dedicated to using the Internet to provide video on-demand as a powerful marketing and promotional tool for corporate clients. The name change recognizes this strategic mission, as well as our desire to focus on building the iVideoNow(TM) brand through a unified approach to all of our corporate marketing and promotional efforts. Promotion of the iVideoNow(TM) will now enhance the visibility of both our primary product and our company."

He added: "All areas of our business are making significant progress. Following the completion of our recent $2.5 million private placement, our balance sheet is healthy and liquid. We have expanded our employee team, doubled our office space and directed all of our resources toward a successful launch of the iVideoNow(TM) application within the next two months."

Dunn also emphasized that the company's additional corporate services including design, investor CD-ROMs and other specialized communication solutions remain as integral aspects of its operations. "They all work together to support our commitment to Internet video on demand," he noted.

For more than a year, the company has been working to develop the iVideoNow(TM) multi-window video playback application and the related iVNDS(TM) delivery system. The unique iVideoNow product offers viewers considerable flexibility as to what they view and at what quality. Users may screen up to 36 videos in the player's preview windows. The proprietary four-star quality system allows the viewer to select the quality level they wish for full screen viewing. The iVideoNow clock feature detects the speed of the user's connection, computes the download time needed for each quality level based on the length of the video and displays the information to the user. The company sees broad marketing uses for its video player in many industries including entertainment (film, television and music), retail and travel, as well as in company intranets for internal communications.

iVideoNow(TM), Inc. designs and develops complete multimedia and Internet communications solutions for corporations. Its Digital Corporate Profiles (DCP) subsidiary provides public companies with powerful communications tools including unique CD-ROMs designed for investor relations, environmental health and safety reporting and employee outreach. The company serves such leading companies as Intimate Brands, Inc., parent of Victoria's Secret; The Limited; The Cheesecake Factory; Del Webb Corp.; Mikohn Gaming Corp.; and ARCO (Atlantic Richfield). The DXF Design, Inc. subsidiary provides a complete range of Internet, CD-ROM and print design services.

The company's corporate offices are located at 17327 Ventura Blvd., Suite 200, Encino, CA 91316. Telephone: [phone]; fax: [phone]. For further information, visit the company's website at www.digsinc.com.

Certain statements in this news release may constitute "forward looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risks, uncertainties, and other factors, which may cause the actual results, performance, or achievement expressed or implied by such forward-looking statements to differ.

iVideoNow, DIGS, Digital Information Group, Digital Corporate Profiles, DCP, IRCD, are trademarks of DIGS Inc. Mikohn is a trademark of Mikohn Gaming Corp. The Cheesecake Factory(R) is a trademark of The Cheesecake Factory Inc. Arco, Atlantic Richfield are trademarks of Atlantic Richfield. All other trademarks are the property of their respective holders.