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FOR IMMEDIATE RELEASE

GLOBAL VR SETS UP IN NEW OFFICE AT 1955 Concourse Drive

For Immediate Release - July 11, 2003, San Jose, CA - GLOBAL VR today announced that it has recently moved from San Jose's Hartog Avenue office space to a newly renovated, fully furnished 50,000 square foot facility located only blocks away. In addition to over 100 cubicles, 17 conference rooms, and a modern warehouse, the new office is also equipped with a state-of-the-art server room which now hosts GLOBAL VR's Tournament Servers.

GLOBAL VR, founded in 1998, was originally headquartered in a small garage where the first 4 employees worked for the better part of a year. Growing to over 20 employees the company moved to a 5th Avenue office and then to the Hartog address where it was headquartered until recently. Now employing over 100 full time and contract employees, GLOBAL VR has taken advantage of market conditions to provide personnel a work environment that will provide for the company's needs for the foreseeable future.

"The new office configuration will allow GLOBAL VR to operate at 100% efficiency," stated Milind Bharvirkar, GLOBAL VR President. "We have both the warehouse and office space necessary to service the immediate and future requirements of GLOBAL VR. We are looking forward to giving our customers and colleagues a tour of this beautiful facility." He goes on to say, "We were fortunate to have secured this fabulous Silicon Valley location at well below market value. We are thrilled that we are in a position to take advantage of current market conditions."

GLOBAL VR can now be found at 1955 Concourse Drive, San Jose, California 95131. The new phone number is 408-597-3400. Calling 408-597-3400 will also connect you with the company.


Founded in 1998 and headquartered in San Jose, California, GLOBAL VR is the world's leading manufacturer of coin-operated video games based on home gaming technology. With an exploding home gaming market, GLOBAL VR is leveraging massive investment in development of home games and triggering 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) and Atari (NASDAQ :IFGEF) that provide exclusive rights to create coin-op versions of popular home games such as EA SPORTS PGA TOURŪ GOLF, Beach Head and Incoming. All other names and trademarks are property of their respective owner(s).

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