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FOR IMMEDIATE RELEASE

GLOBAL VR INSTALLS INDUSTRY PUNDIT DAN VAN ELDEREN AND CALIM’S BRAD NELSON

September 30, 2004 -- San Jose, CA -- GLOBAL VR® today announced that it has retained the services of one of the industry's most experienced veterans, Dan Van Elderen. Mr. Van Elderen is best recognized as the President and COO of Atari Games where he was employed from 1973—2003. Elderen’s background as an electrical engineer and, his experience as a seasoned manager helped to loft Atari to its position as the industry leader for almost 3 decades. In his new role as consult to GLOBAL VR, Mr. Van Elderen will work with the GLOBAL VR management team to refine product and business plans.

"Although retirement is great, I find myself extremely excited about the opportunity to work with GLOBAL VR and its management team," stated Mr. Van Elderen. "It is an honor to be associated with such a forward-thinking organization and I am looking forward to contributing to the continued success of GLOBAL VR."

In addition to Dan Van Elderen, it was also announced that Mr. Brad Nelson will assume the responsibilities of President at GLOBAL VR. Mr. Nelson is currently a Senior Vice President at Calim Private Equity, LLC, GLOBAL VR's leading investor, and has 15 years of operations, marketing, and corporate development experience in technology, transportation, and manufacturing industries. Mr. Nelson commented, "After following GLOBAL VR for the past year from the Board level, I've been impressed with the significant progress the company has made to date. I look forward to working closely with Milind, Dan, and the executive team to continue the company's progress and success." Mr. Nelson holds a BS degree in engineering from Stanford University and an MBA in Marketing & Finance from the University of Chicago.

The appointment of Dan Van Elderen and Brad Nelson follows the transition of GLOBAL VR founder, Milind Bharvirkar, to Chairman of the Board and CEO. When asked, Mr. Bharvirkar commented, "This is a very positive transition. As GLOBAL VR grows, it needs a well-rounded management staff to guide us to the next generation of coin-op. I look forward to working with Dan and Brad to help GLOBAL VR achieve its short-term and long-term goals. I can't imagine a stronger, more experienced team to lead this effort.

"Both Mr. Dan Van Elderen and Mr. Brad Nelson can be reached at the GLOBAL VR corporate office.

For further information please contact:

Barb Roy
Phone: (408) 597-3400 ext: 2409
Fax: (408) 597-3431
Email: broy@globalvr.com

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