Rainmaker Digital Pictures Corp. Renamed Rainmaker Entertainment Group Ltd

Business Wire, June 30, 1998

VANCOUVER, British Columbia--(BUSINESS WIRE)--June 30, 1998-- Rainmaker(TSE:RNK.) Rainmaker Digital Pictures Corp. announces that effective June 23, 1998 the Company's name was changed to Rainmaker Entertainment Group Ltd. (the "Company"). Common shares of Rainmaker Entertainment Group Ltd. will commence trading under the new name on The Toronto Stock Exchange on July 02, 1998, and will continue trading under the ticker symbol 'RNK'.

The new name of the corporate group reflects its mandate of diversifying the Company's product and service offering beyond traditional digital post production services, while augmenting the current fee-for-service revenue structure. Rainmaker Entertainment Group will focus on growing its core Post and Effects businesses while simultaneously exploring opportunities to build a broader base of complementary operations across the entertainment industry.

Rainmaker Entertainment Group Ltd. is an internationally recognized, industry-leading provider of products, services, and solutions for the motion picture entertainment industry. Rainmaker Entertainment Group operates in two of North America's most vibrant filmmaking centres: Vancouver, British Columbia and Burbank, California.

The contents of this press release have neither been approved nor disapproved by any regulatory authority

    CONTACT: Rainmaker Entertainment Group Ltd.
              Malcolm E.S. Earle, 604/874-8700
              or 604/872-6596 (direct)
              604/874-1719 (FAX)
              Toll-free 1-800-616-4433
              E-Mail: malcolm@rainmaker.com or
               http://www.rainmaker.com