Intervisual Books Inc. Signs Multi-Year Licensing Agreement With Warner Bros. Worldwide Publishing to Produce and Market Three-Dimensional Edition of `The Wizard of Oz'

Business Wire, June 21, 2000

Business and Entertainment Editors

SANTA MONICA, Calif.--(BUSINESS WIRE)--June 21, 2000

Intervisual Books Inc. (IBI) (Nasdaq:IVBK), the world's leading creator and producer of interactive pop-up books and playsets, has signed a multi-year licensing agreement with Warner Bros. Worldwide Publishing, a division of Time-Warner, to create, produce and distribute a commemorative pop-up book edition based on the original movie masterpiece, "The Wizard of Oz."

All the excitement of the world's most beloved film unfolds in three-dimensional splendor as you join Dorothy, the Scarecrow, the Tin Man, the Cowardly Lion and Toto on their journey to Oz. Over 50 photographs from the classic movie are presented in unforgettable scenes including the Twister, Munchkinland, the Haunted Forest and the Emerald City.

This special commemorative edition will be released this fall at a suggested retail price of $24.95 in celebration of the 100th anniversary of Frank Baum's original publishing of "The Wizard of Oz." The book will contain a limited edition audio compact disc with popular selections from the soundtrack.

IBI will distribute the book to its account base, which includes bookstores, mixed media retailers, book clubs, mail order catalogs, Internet retailers, specialty/trend retailers and QVC. Intervisual is the world's leading creator and producer of interactive pop-up and novelty books for children and adults, and is a leading independent distributor of videos and DVDs.

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward- looking statements. The company may experience significant fluctuations in future operating results due to a number of economic, competitive and other factors, including, among other things, the size and timing of customer orders, changes in laws, new or increased competition, delays in new products, production problems, changes in market demand, market acceptance of new products, seasonality in product purchases, changes in foreign exchange rates and others. These factors and others could cause operating results to vary significantly from those in prior periods, and those projected in forward-looking statements. Additional information with respect to these and other factors which could materially affect the company and its operations are included in the company's filings with the Securities and Exchange Commission and are incorporated herein.