Imaginon Debuts ImaginVideo Working With Microsoft SharePoint Team Services At Microsoft Office XP Launch Events

Business Wire, May 31, 2001

Business/Technology Editors

SAN CARLOS, Calif.--(BUSINESS WIRE)--May 31, 2001

A recognized leader in the development of infrastructure enabling

applications software, Imaginon, a Microsoft Gold Certified Partner,

is participating in Office XP launch events that begin today;

Imaginon is debuting ImaginVideo(TM) working with Microsoft's new

SharePoint(TM) Team Services, which allows for the seamless sharing

of information between Office XP applications and client Web sites.

Underscoring the unique value added benefits its core infrastructure enabling technology can bring to enterprise system developers and information managers, Imaginon, Inc. (OTCBB: IMON, www. imaginon.com) today will debut its ImaginVideo client-server interactive video application working with Microsoft's new SharePoint Team Services. According to Imaginon Vice President of Network Systems, Abe Matar, today's debut will coincide with two San Francisco Bay Area Microsoft XP launch events in which Imaginon will participate as a Microsoft Gold Certified Partner.

"Our ImaginVideo client-server application adds tremendous value to the Microsoft SharePoint Team Services solution," Matar said today. "It extends the capabilities of SharePoint Team Services by enabling enterprises to easily add, manage and maintain interactive video assets for training, product information, sales, and marketing. Our goal is to work with Microsoft to ensure that any business can effectively, easily and reliably deploy the latest technology for interactive video over TCP/IP networks."

Part of the Microsoft Office XP launch program, Microsoft's SharePoint Team Services is designed to help users share information via the Web. It allows for the seamless sharing of information between Office XP applications and client team Web sites. Team members can upload documents, participate in discussions and surveys, and add content such as announcements and events.

"When developing Office XP, Microsoft made improvements over past versions to

help people work smarter," said Lisa Gurry, product manager for Office at Microsoft Corp. "One of the most significant innovations is SharePoint Team Services, which offers a prebuilt Web site to help teams more effectively communicate and manage projects. We are excited to have Imaginon and ImaginVideo on board to help extend the power of SharePoint Team Services."

Imaginon will be demonstrating the unique ways ImaginVideo extends the performance range of SharePoint at two upcoming Bay Area Office XP launch events: May 31, 2001 in San Francisco at the Sony Metreon iMax Theatres and June 5, 2001 at the Microsoft Silicon Valley Campus in Mountain View. Up to 2500 or more IT professionals and enterprise business decision makers are expected to attend these Office XP launch events.

Imaginon, Inc. is an information technology company focused on developing and marketing broadband and wireless interactive Internet and intranet software systems. ImaginVideo, the company's lead product, is a client-server application for the delivery and management of interactive video over TCP/IP networks. The company's objective is to become the leader in rich media data retrieval, processing and presentation software.

ImaginVideo is a trademark of Imaginon and is protected under U.S. Patents. All other trademarks are the property of their respective owners.

Except for the historical information presented herein, the matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995, or by the Securities and Exchange Commission in its rules, regulations, and releases. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks include acceptance of Imaginon software by developers and users, the successful development of competitive software to Imaginon's, competitive pricing pressures for Imaginon software and services, and the availability of financing to complete management's plans and objectives. In addition, other risks are detailed in the Company's periodic reports and in its Form S-3 registration statement declared effective by the Securities and Exchange Commission on February 16, 2001. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements.