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Interactive Network Announces New TWIN Entertainment Board Seats and Liberate Trials.

Business Editors/High-Tech Writers

SAN JOSE, Calif.--(BUSINESS WIRE)--Sept. 28, 2000

Interactive's Joint Venture With Two Way TV, TWIN Entertainment,

Expands Its Board and Joins Leading ITV Software Provider

To Offer Interactive Content To Television Viewers

Bruce Bauer, chairman and president of Interactive Network, Inc. (OTCBB:INNN), today announced the appointment of Richard W. Perkins and Eduard Mayer to the TWIN Entertainment Board of Directors.

In making the announcement, Bauer expressed his appreciation and enthusiasm to have these two investment professionals on board to assist the two shareholders of TWIN Entertainment, Interactive Network and its joint venture partner U.K.-based Two Way TV. Bauer added, "Both Two Way TV and Interactive Network have recently financed TWIN with an additional $750,000.00 from each shareholder for a total of $1.5Mn. in funding. As we anticipate and plan for the future financing needs of TWIN to fund its explosive growth in the creation and delivery of leading edge interactive entertainment to North America, we derive great benefit from having the active participation and guidance from these two global investment professionals."

Bauer added, "I was very pleased with TWIN and Liberate Technologies' (NASDAQ:LBRT) announced partnership for TWIN to supply interactive games and entertainment to enhanced TV subscribers as part of the PopTV(tm) Variety Pack and with the recent announcement by our largest shareholder, AT&T (NYSE:T), of their selection of the Liberate TV Platform TM. I believe these developments bode well for Interactive Network and TWIN as these two corporate giants will be driving our industry forward and will expedite both the demand and the ability to deliver our game applications to subscribers."

About Liberate's POP TV Variety Pack -

The PopTV Variety Pack will serve as the testing ground for the emerging interactive television technology, as TWIN and other world premier content providers join together to deliver compelling services to Liberate customers. These pilots will address the common needs of network operators on the road to delivering enhanced services, and is seen by many as the first step towards introducing interactive content to a nationwide television audience. The PopTV Variety Pack will consist of various content categories including news, sports, weather, finance and shopping, as well as kids, women and education. The TWIN service, which focuses on games and entertainment, will be available to all network operators in the United States that launch interactive TV trials with Liberate. PopTV Variety Pack is available at no cost to Liberate network operator customers. In addition to TWIN Entertainment, current PopTV Variety content providers include Bloomberg, CableSoft,, CBS, eLocal, E! Online, E*Trade,,, Fox, (Nasdaq:HOLL), Lifetime, Lightspan, MXG Online, Net4TV, Oxygen, PBS, Sesame Workshop, Source Media, Tribune Company, The Weather Channel, and What's Hot Now. Content related technology partners include Accelerate TV, AdForce, Extend Media, Intellocity, MassHysteria, MetaTV, Mixed Signals, and RespondTV. All of the above leading broadcast and Internet companies are members of Liberate's PopTV Program.

About Richard W. Perkins:

He is president of Perkins Capital Management, Inc. and has over 40 years of experience in the investment business. Perkins holds the CFA designation, is a fellow of the Financial Analysts Federation, and has received the Institute of Chartered Financial Analysts Certificate of Achievement awards. He is also a member of the City Society of Security Analysts. During the late 1960s, he was instrumental at Piper Jaffray, Inc. in establishing one of the first institutional research and sales boutiques for a regional brokerage firm, as well as Piper Jaffray's International Department, to provide investment advice to both domestic and foreign institutions, until starting Perkins Capital Management, Inc. in 1984. He is a director of 10 public and seven private Twin Cities companies. He is also president of the Perkins Foundation.

About Eduard Mayer:

Mayer has been a member of the Interactive Network Advisory Board since July 1999. Mayer is a private investor based in London. He was the former president of Acorn Capital Management, manager of BG Acorn Capital Fund, manager of FESA Enterprise Venture Capital Fund of Canada Ltd., which specialized in strategic investment and strategic business growth. Mayer has been involved in the formation and development of many companies and sits on the boards of a number private and public companies.

About Interactive Network Inc. (OTCBB:INNN)

INNN was incorporated in 1986 and has been publicly traded since 1991. It helped pioneer and introduce interactive TV technology by providing an interactive service to six major cities in the mid '90s. Shows made interactive included sporting events, game shows, murder mysteries, soap operas, educational and children's programs, news broadcasts, and many TV specials. Its major corporate shareholders are AT&T (NYSE:T, news, msgs, through TCI), Motorola Inc. (MOT), General Electric Inc. (NYSE:GE, news, msgs, through NBC), Sprint (FON), Gannett (GCI) and A.C. Nielsen.

About TWIN Entertainment -

TWIN Entertainment is a joint venture between Interactive Network, Inc. and Two Way TV to bring live competitive interactive TV games to the U.S. and Canadian markets. The joint venture will exploit Interactive Network's significant patent portfolio and Two Way TV's leading edge content, productions systems, operating platform and patents for digital interactive services. TWIN Entertainment is presently building its management team while actively pursuing partnerships to produce live interactive TV entertainment for distribution on digital satellite, cable, and broadband Internet platforms.

Blue Sky

This release contains forward-looking statements that are subject to risks and uncertainties. Although Interactive Network Inc. and Two Way TV believe that the expectations reflected in its forward-looking statements are reasonable, actual results could differ materially from those expectations. Important cautionary statements and risk factors that would affect actual results are discussed in materials filed by INNN with the Securities and Exchange Commission.
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Publication:Business Wire
Geographic Code:1USA
Date:Sep 28, 2000
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