uWink Inc. (UWKI)

[bige2533]

When's the spinoff and new offering?

OPERATING BUSINESS SEGMENTS

Having completed the prototyping and testing of our base technology
platform, we have begun licensing our technology to third party hospitality
operators, as described below.

To that end, in November 2008 we formed a new wholly owned subsidiary of
uWink, Inc, called uWink Interactive, Inc., a Delaware corporation (uWink
Interactive), to operate our technology licensing business. In connection with
the formation uWink Interactive, we contributed all our technology-related
intellectual property to uWink Interactive.

Following this transaction, uWink, Inc. continues to own the trademarks
and copyrights relating to our uWink restaurants which are operated by uWink,
Inc.'s wholly owned subsidiary uWink California, Inc. ("uWink California").

As a result of the foregoing, we now operate in two business segments:
Technology Licensing (which is conducted out of uWink Interactive) and
Restaurant Operations (which is conduced out of uWink California), each of which
is described below.