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Technology Stocks : Totally Hip Software Inc. (THW) - Just the Facts

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To: alan holman who wrote (609)7/27/1999 11:55:00 AM
From: Eric Weiner  Read Replies (1) of 704
 
Totally Hip wins 4th consecutive Best Of Show Award for LiveStage Professional at MacWorld NY

Release the Genie in QuickTime 4 with LiveStage Professional

VANCOUVER, July 27 /CNW/ - Totally Hip Software Inc.
Alberta Stock Exchange: THW

Totally Hip Software Inc., a leading producer of QuickTime authoring tools for producing rich media, today announced that LiveStage Professional 2.0 QuickTime Authoring Environment was awarded the coveted Best Of Show Award at MacWorld Expo in New York last week. This un-matched fourth consecutive Best of Show Award in the past year was achieved two months after the Company's new management team said it would focus on producing and delivering professional QuickTime authoring software tools. The three consecutive MacWorld Best of Show awards and Best of Show at EXPOMac in Mexico City last August have positioned the Company as the leading interactive QuickTime authoring tool developer in the world.

''Totally Hip has won awards before, but this one is extremely special. By focusing over the past two months, our team has produced the leading QuickTime Authoring Tool in the world. We will leverage this award to sell LiveStage Pro to a target audience of professional developers and designers. Now that Apple has positioned QuickTime 4 and QuickTime TV as the choice for interactive web media and Internet TV, we have Totally Hip in an enviable position,'' said Randall H. McCallum, Interim CEO and President.

''We kept the brightest and most dedicated employees and they have worked extremely hard and deserve the full credit for this award,'' said David Dicaire, COO and GM of Totally Hip. ''Excuses are no longer tolerated at Totally Hip. We are not at all satisfied with the $100,000 in 3rd quarter ales revenue from April through June, 1999. Now maybe shareholders will understand why we re-organized the Company's management and eliminated 40 percent of the employees from our team in early June. This Company has consistently produced above average products over the past year but has lacked the proper management and a targeted sales focus to produce acceptable revenue
results. This award is the result of many positive changes by management and a dedicated team and it demonstrates that we are on the right track to dominate the lucrative professional QuickTime Authoring Tool market.''

Totally Hip Software Inc., founded in 1995, is a developer and marketer of interactive Web development tools, including its award-winning LiveStage(TM), LiveStage Professional, and WebPainter(TM) 3.0. The Company is traded on the Alberta Stock Exchange (Trading Symbol: THW). (C) 1999 Totally Hip Software Inc. All rights reserved.

The Alberta Stock Exchange has neither approved nor disapproved of the contents of this press release.
%SEDAR: 00003922E

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For further information: Corporate Communications 1-800-416-6320, or
E-mail info@totallyhip.com
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