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ALTERNATIVE VENTURES INC. APPROVES NAME CHANGE TO MOSAIC MULTISOFT CORP.

 SAN DIEGO, Dec. 21 /PRNewswire/ -- Alternative Ventures Inc. (OTC Bulletin Board: ALTV) announced today approval of name change from Alternative Ventures Inc. to Mosaic MultiSoft Corp. as well as the signing of a definitive licensing agreement with Intellectual Properties & Technology Inc. (IPT). Through this licensing agreement, the company has acquired a non-transferable two-year exclusive license to manufacture, sell and use any software products based on IPT's multiprocessor technology, including all subsequent patents and inventions developed by the licensor. The company will issue 4 million restricted shares of common stock under Rule 144 of the Securities Act of 1933 to IPT or assignees for the license, and intends to satisfy a debt obligation created by the licensing agreement of $200,000 as a prepaid non-refundable advance on royalties. In addition, the company intends to raise funds for engineering services during 1993.
 It is management's view that the future market for computers will be dominated by fine-grain general-purpose multiprocessors. Mosaic's management recognizes that these new multiprocessors will require a new software paradigm or model to take advantage of this renaissance in computing and it can capture a portion of this market for its proposed software tools and interfaces. The company intends to use its unique patent license position to gain and maintain an advantage over its competitors. Management believes that the acquired technology will make the company an industry leader, although such cannot be assured. The company will make available a brochure and business synopsis to interested parties upon request. Inquiries should be made to Attention: Randolph Graves Jr., president Mosaic MultiSoft Corp., 3299 Villanova Ave., San Diego, CA 92122, fax: 619-452-1772.
 It should be noted that within the next few days, the company's amendment of name change will be completed, and at that time anticipates a new bulletin board trading symbol will be issued for the Mosaic MultiSoft Corp. name.
 -0- 12/21/92
 /CONTACT: Randolph Graves Jr. of Mosaic MultiSoft, 619-452-1772/
 (ALTV)


CO: Alternative Ventures Inc.; Mosaic MultiSoft Corp.;
 Intellectual Properties & Technology Inc. ST: California IN: CPR SU: LIC


JL-BP -- LA005 -- 8639 12/21/92 09:17 EST
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Publication:PR Newswire
Date:Dec 21, 1992
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