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Mach One Corp. completes LaserVend merger -- combined companies prepare for NASDAQ listing.

DENVER--(BUSINESS WIRE)--Nov. 25, 1996--Mach One Corp. (OTC Bulletin Board Symbol: MACH) signed today the final agreements of the acquisition of LaserVend Inc., of Orem, Utah.

The completed merger puts the combined companies in the forefront of the fast-paced computer and communications industry with LaserVend's high-tech Software and Internet Access Center.

LaserVend has created and patented not only a software vending center, but also a kiosk that can connect to the Internet and provide users access to send or receive e-mail and use the complete World Wide Web and its resources.

The center is about the size of a standard vending machine and features an interactive touch-screen menu and digital audio instructions. Each kiosk serves as a connection to the Internet for first-time and experienced Internet users, a communication hub for e-mail correspondence, and direct connection to on-line services at many locations such as airports, retail malls, video rental outlets, grocery stores and military bases.

In addition, the machine offers patrons access to LaserVend's on-line shopping mall -- a retail outlet service premiering the first quarter of 1997 with a proprietary search engine.

"We are ready to expand the Internet's growth and potential on an international scale by allowing individuals to sign up for Internet service via LaserVend's vending kiosk," said William Thomas, president and chairman of Mach One Corp. "Users already connected to the Internet may access their account through our service for a nominal fee."

Customers who desire to purchase software, for as little as $5 per title, may select from hundreds of programs in various categories, including games, educational and business programs, personal interest, and Internet applications.

After purchasing the programs with either cash or a credit/smart card, the software is copied internally through LaserVend's proprietary vending tray. The diskettes, along with printed decals indicating the purchased titles, are dispensed and ready for home or office installation.

"By combining promotional efforts with Mach One, our organizations are working together in a symbiotic relationship to accelerate our products and prepare for rapid growth and corporate expansion," said David J. Griffiths, president of LaserVend Inc.

The company is ready to market its advanced safety products along with its newly acquired software distribution channels and unique Internet applications.

With the addition of LaserVend to the company "team," Mach One is qualified for listing on NASDAQ and anticipates the process of filing will commence upon completion of audits during December.

CONTACT: Mach One Corp., Denver

William Thomas or Herb Sayler, 303/477-1741 (work)

or

LaserVend Inc., Orem, Utah

Jeff L. Peery, 801/764-9080 (work)

801/798-8729 (home)
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Publication:Business Wire
Date:Nov 25, 1996
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