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cksla

03/28/02 10:48 AM

#10708 RE: cksla #10707

World Theatre has assembled a management team that will be headed by music and entertainment industry veteran Robert Summer. Mr. Summer, former President of Sony Music International and RCA Records, will serve as World Theatre's Executive Chairman and Chairman of the Board of Directors.

World Theatre's diverse management team has extensive experience in music, entertainment, and e-commerce.

Key team members include:

Chairman/CEO, Robert Summer - President, RCA Records , President, Sony Music International, and Chairman of the Recording Industry Association of America (RIAA).

Board Member, Michael Wiener - Founder and Chairman Emeritus of Infinity Broadcasting Corporation.

Board Member, Ollin Sykes - President of Sykes & Company, P.A., specializing in accounting, tax and financial advisory services.

Board Member, David Homrich - CEO of Homrich & Berg, Inc., specializing in financial and investment advisory services.

President/COO, Kelly Sparks - Sales and Marketing Executive, IBM, focused on creating and growing eBusiness and Internet commerce companies.

EVP iTV Commerce, Randy Daniel - Senior Business Development Executive, IBM, managed sales and product offerings for Internet commerce across the Americas.

EVP New Business Development & World Wide Sales, Skip Ballou - Executive Sales Manager for IBM in Asia Pacific, Northeastern US Sales Leader, Sales Representative, and Facilities Engineering Manager.

EVP WTI Network, Rob Barnett - VP Programming at VH1, 12 years at MTV Networks in music, programming & production, and 10 years in radio programming.


gernb1

03/28/02 11:13 AM

#10711 RE: cksla #10707

Homerun cksla..World Theatre, Inc. is a privately held corporation that conceptualizes and
delivers innovative iTV technologies that fuse television-based interactive
entertainment and commerce to close the gap between product promotion and
delivery.

Toward this end, World Theatre, Inc., headquartered in Raleigh, North
Carolina, is working in partnership with leading interactive television
technology and middleware providers to develop an iTV application that will
allow consumers to purchase products via their televisions. This application will
support a wide range of digital set-top box interactive capabilities. In addition,
it will easily integrate into existing cable and satellite broadcasting
architectures and provide an immediate revenue stream for broadcast
operators and additional avenues of distribution for content providers. This
application delivers an unprecedented combination of interactive
entertainment and the ability to purchase products directly from the television
in seconds.

In 2002, World Theatre will launch a music network that employs World
Theatre's iTV technology and allows consumers to experience and purchase
music in a whole new way. The music network will feature programming based
around the interactivity delivered by World Theatre's iTV technology. The
channel will give consumers, for the first time, access to the full range of Major
Record Label artists and their music.