Total Media Technologies Inc. & The Macerich Company Executes Strategic Alliance Agreement; TMT Combines Forces with National REIT for the Enhancement of Telecommunication Services

Business Wire, April 19, 1999

SAN DIEGO--(BUSINESS WIRE)--April 19, 1999--

Total Media Technologies Inc. announced today the execution of a Strategic Alliance Agreement with The Macerich Co., one of the premier real estate investment trusts (REITs) in the United States.

TMT and The Macerich Co. forged an alliance to begin the steps for the enhancement of communication products and services throughout the company's property portfolio.

TMT has formed an alliance with The Macerich Co. to enhance their mall properties with state-of-the-art telecommunication products and services in order to transform each facility into a well-equipped, exciting mall environment that dominates the marketplace and enhances the consumers' shopping experience. TMT will begin the first phase of the agreement this summer by marketing, selling and deploying all telecommunication services throughout their Southern and Northern California property portfolio.

"The execution of this agreement establishes TMT within the industry as the leading and preferred telecom partner for commercial property owners throughout the nation," according to Gregory P. Hilz, president and chief executive officer of TMT. "Our agreement solidifies our position within the real estate community as the telecom partner of choice while providing The Macerich Company with an asset that provides competitive telecommunications goods and services to its merchants & customers."

About Total Media Technologies Inc.

Total Media Technologies Inc., a San Diego-based company that focuses on integrating computer, television and telephone services with e-commerce, information and entertainment, enters into strategic alliance relationships with prominent commercial property owners organized as REITs, which own and control substantial holdings in retail facilities such as malls, shopping centers and specialty outlets. Currently, TMT has the exclusive rights to distribute all communications products and services, including Internet and e-commerce development to millions of square feet of commercial properties throughout the United States.

The company's primary objective is to establish itself as a leading service provider of communication products and services through the company's Strategic Alliance plan.

About The Macerich Co.

The Macerich Co. is one of the premier real estate investment trusts (REITs) in the United States. For the past 27 years, they have carved out a unique niche in the regional mall industry by acquiring dominant regional malls and subsequently transforming those properties through redevelopment, leasing, management and marketing into even more dominant malls. The company's portfolio of malls is one of the most productive in the country with occupancy levels at 92% (year-end 1997) and tenant sales of $315 per square foot for 1997. The Macerich Co. is in the business of creating mall environments where retailers can thrive.

Since going public in March 1994, the company has more than quadrupled the size of its portfolio. Currently, The Macerich Co. owns or has ownership interest in 46 regional shopping centers and 7 community shopping centers. The company also provides third party management services, managing four regional shopping centers, containing approximately 3.6 million square feet of GLA. Web: www.macerich.com