Showscan Announces Two New Simulation Films, ``Wing Commander'' and ``Street Fighter II,'' Marking Showscan's Entry Into Convergent Media.

LOS ANGELES--(BUSINESS WIRE)--April 14, 1999--

Showscan Entertainment Inc. (OTC BB:SHOW) Wednesday announced plans to produce two new simulation thrill ride films, "Wing Commander" and "Street Fighter II - The Ride."

These productions are the first in history to fully utilize convergent media that crosses a variety of entertainment forms including video games, theatrical films and now simulation adventures.

"Consumers want to 'live' through movies and games. By making simulation thrill ride films based on recognizable brand name games and theatrical films, Showscan is leading the way in bringing together all of the critical, exciting and visual elements of entertainment today," said Dennis Pope, president and chief executive officer of Showscan.

"With the addition of these two titles, the thrill-seeking public will not only be able to play the game and see the movie, they will be able to experience the excitement firsthand. In essence, we are providing consumers with the interactive experiences they desire."

Pope added: "These new rides will add real brand name power to the Showscan library. They are key elements in the continuing development and implementation of our core business strategy to raise the bar of quality and excitement, to set new standards in simulation attractions and to create the largest and best simulation film library in the world."

In the first of the two productions, Showscan has formed Wing Commander Simulation Co., a partnership with executive producers George Wade and Alan Cole Ford to acquire the ride film rights to "Wing Commander." Based on the hit computer game series and the Digital Anvil/No Prisoners film of the same title released earlier this year by 20th Century Fox, the ride will take audiences into futuristic outer space combat.

"Wing Commander" has sold more than 9 million CD Rom games worldwide and is one of the top franchises in the computer game genre. Cole Ford said, "We believe this will add a whole new dimension to the Wing Commander franchise extending it far beyond its core game playing audience."

Digital Anvil's chief executive officer, Chris Roberts, who directed the "Wing Commander" feature film and created the game, said: "The Showscan ride is yet another evolutionary step for `Wing Commander.' We are thrilled about the opportunity to truly put audiences in the front seat of `Wing Commander''s spectacular action."

The partnership is currently in negotiations with several top effects and CGI companies in the film industry to round out the "Wing Commander" production team. Showscan, which will serve as producer and distributor of the ride, expects to release "Wing Commander" in January 2000.

In the second production, Showscan and Capriccioso Inc. have concluded a worldwide agreement that will add "Street Fighter II - The Ride" to Showscan's library of "Ultimate Thrill Rides." Based on the popular Capcom game "Street Fighter II," the new simulation ride takes audiences on a computer-generated adventure to combat the various characters from the action-packed arcade game.

Kazuhisa Saito, president of Capriccioso, said: "We are very excited to introduce, with Showscan, the first ride film ever based on an arcade video game. We hope that fans of ride films everywhere thoroughly enjoy our presentation." "Street Fighter II - The Ride," which is in post-production, is scheduled for release this June.

Showscan Entertainment is an international leader in the production and exhibition of exciting movie-based entertainment attractions shown in large-screen, special format theaters worldwide. Showscan's simulation attractions and specialty theaters are open or under construction in 24 countries around the world, located in theme parks, motion picture multiplexes, expos, world's fairs, resorts, shopping centers, casinos, museums and other tourist destinations. For more information, visit Showscan on the Internet at www.showscan.com.

Except for the historical information contained herein, the statements made in this release constitute forward-looking statements that involve certain risks and uncertainties. Certain factors may cause actual results to differ materially from those contained in the forward looking statements, including the number of timing or sales of Showscan attractions, the development and acceptance of new products, the impact of competition on the company's products and pricing, the company's ability to locate, finance and operate theaters for the company's account, and the other risks detailed from time to time in the Company's reports on file at the Securities and Exchange Commission.