Imaginon Completes Sale of Subsidiary to Gallagher Research Corporation.

Business Editors/High Tech Writers

SAN CARLOS, Calif.--(BUSINESS WIRE)--May 24, 2001

The newly re-organized company will change its name to Vizario, Inc.

and trade on the OTCBB;

Imaginon retains substantial ownership in the newly combined company

Gallagher Research Corporation, a publicly traded Nevada corporation (OTCBB: GRDC), and Imaginon, Inc., a publicly traded Delaware corporation (OTCBB: IMON), today jointly announced that Gallagher Research Corporation has completed its acquisition of Imaginon's wholly-owned subsidiary corporation, Wireless Web Data, Inc. (WWDI), pursuant to the terms and conditions of the Definitive Agreement announced on May 10, 2001.

GRDC completed its acquisition of WWDI through the issuance of 20 million shares of its common stock to Imaginon, bringing the total number of GRDC shares outstanding to slightly less than 25 million shares. As a result of this transaction, Imaginon, which was the sole owner of WWDI, now owns 77% of GRDC, which will change its name to Vizario, Inc., building on the name of the product the combined company plans to bring to market later this year.

Designed to put new capabilities into wireless mobile devices, Vizario(TM) will offer both consumers and businesses a completely integrated, end-to-end wireless solution. The Vizario consumer product features a client/server publishing tool allowing content carriers, promoters and content providers to distribute media assets to end users through the Vizario client. It also incorporates a web interface where end users personalize their mobile Vizario further to add additional queries that deliver customized content. This solution offers unsurpassed ease of deployment in both Java and .NET-enabled handsets. Vizario is fully scalable from simple text on 1G phones to interactive rich media over 3G wireless networks. As a vertical application suite, Vizario is an end-to-end solution for companies that require distribution of image-intensive data to mobile devices wherever finding, encoding, decoding and displaying images for decision support in the field is considered critical to the mission's success.

Imaginon, Inc. is an information technology company focused on developing and marketing broadband and wireless interactive Internet and intranet software systems. ImaginVideo(TM), the company's lead product, is a client-server application for the delivery and management of interactive video over TCP/IP networks. The company's objective is to become the leader in data retrieval, processing and presentation software.

ImaginVideo and Vizario are trademarks of Imaginon; the underlying technology is protected under U.S. Patents assigned to Imaginon.

Except for the historical information presented herein, the matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995, or by the Securities and Exchange Commission in its rules, regulations, and releases. These forward- looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks include acceptance of Imaginon software by developers and users, the successful development of competitive software to Imaginon's, competitive pricing pressures for Imaginon software and services, and the availability of financing to complete management's plans and objectives. In addition, other risks are detailed in Gallagher Research Corporation's periodic reports and Imaginon's periodic reports and Imaginon's Form S-3 registration statement declared effective by the Securities and Exchange Commission on February 16, 2001. These forward-looking statements speak only as of the date hereof. Imaginon and Gallagher Research Corporation disclaim any intent or obligation to update these forward-looking statements.