iMALL Inc. retains Geller & Friend Capital Partners Inc. as investment advisors

Business Wire, June 27, 1997

PROVO, Utah--(BUSINESS WIRE)--June 27, 1997--

Los Angeles-based merchant bank will assist Internet company

with long-term financial strategies and in

evaluating growth opportunities

iMALL Inc. (OTC BB:IIML) Friday said it has retained Geller & Friend Capital Partners Inc., a Los Angeles-based merchant bank, as investment advisors.

The company said the advisor, which specializes in serving the needs of middle market growth companies, has been engaged to assist iMALL with the development and implementation of long-term financial strategies and in identifying and evaluating potential growth opportunities.

Among Geller & Friend's initial undertakings, the company said, will be an assessment of iMALL's capital structure and the various options available to the company.

The company also said it decided, prior to the engagement of Geller & Friend, not to proceed with a proposed, previously-announced institutional private placement of $4.8 million and the simultaneous recontribution by the three founders of a total of 8.1 million common shares.

iMALL is a leading Internet company engaged in Internet commerce, education and other related services, including Web site development and hosting.

Its popular Web site (http://www.imall.com) hosts what the company believes is the Internet's largest internally-managed shopping mall with more than 1,500 merchants and in excess of 15 million "hits" per month. The site also offers centers providing a variety of services including career guidance and opportunities, travel, finance and discount shopping. Sports and entertainment centers are under development. -0-

NOTE TO EDITORS: Certain of the above statements may be forward looking statements that involve risks and uncertainties. In such instances, actual results could differ materially as a result of a variety of factors, including competitive developments and risk factors listed from time to time in the company's SEC reports.

CONTACT: iMall Inc., Provo

Craig Pickering, 801/377-0899

or

ACC Communications

Paul Keil, 714/487-1988

Andy Malone, 714/366-5803