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FOR IMMEDIATE RELEASE

GLOBAL VR ANNOUNCES THE APPOINTMENT OF CARYN MICAL AS VP OF MARKETING

January 2, 2003 -- San Jose, CA -- Company President, Milind Bharvirkar announced today that Caryn Mical has joined GLOBAL VR in the newly created position of Vice President, Marketing. A twenty-year veteran of the home entertainment industry, Ms, Mical brings a wealth of experience in both marketing and well as product management.

"Caryn brings to her new position a strong understanding of both the in home and out of home gaming industry," said Bharvirkar, "I am confident she will be instrumental in building and expanding the brand that is GLOBAL VR."

Ms.Mical said, "I am delighted to call GLOBAL VR my new home. It is an exciting time to be at such an innovative, forward-looking company. I am especially excited about the opportunities GLOBAL VR's new product offerings will provide the out of home market!"

Ms. Mical joins GLOBAL VR from Ecast where she spent the past 2 years as the Senior Vice President of Marketing. As one of the first 20 employees, she led product and marketing initiatives. Prior to joining Ecast, Ms, Mical served as Senior Vice President, Sales and Marketing at Mattel Interactive, Game Division. She was responsible for implementing strategic sales and marketing worldwide while helping to grow the business from $12m in sales to $100m in a period of six years.

Ms. Mical has a BA in Communications from San Francisco State University and studied at the Sorbonne, Paris.

GLOBAL VR is the world's leading manufacturer of coin-operated video games based on home gaming technology. With the exploding home gaming market expected to approach $35 billion worldwide, GLOBAL VR is leveraging massive investment in development of home games and trigger a renaissance in the out-of-home video game industry. GLOBAL VR has development agreements with the world's leading game publishers Electronic Arts (NASDAQ: ERTS), Activision (NASDAQ:ATVI) Infogrames (NASDAQ :IFGM) and Rage (FTSE:RGE) that provide exclusive rights to create coin-op versions of popular home games such as EA SPORTS™ PGA TOUR® GOLF, Heavy Gear II and Incoming.

For further information please contact:

Wes Harris
Phone: (408) 597-3400 ext: 2443
Fax: (408) 597-3431
Email: wharris@globalvr.com

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