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To: ksuave who wrote (457)8/14/1998 2:29:00 PM
From: Madeleine Harrison   of 582
 
Perceptronics Establishes InterGame(TM) Advisory Board

PR Newswire - August 14, 1998 13:29
PCTR %CPR %PER %OTC V%PRN P%PRN

WOODLAND HILLS, Calif., Aug. 14 /PRNewswire/ -- Perceptronics, Inc.
(OTC Bulletin Board: PCTR) today announced that it had formed and activated
an InterGame Advisory Board to help the Company position, develop and
market its planned HLA-based InterGame(TM) software for networking
multi-player, on-line games and other complex virtual environments on the
Internet.

The Advisory Board members represent a broad diversity of fields and
experience: Dr. Danny Cohen is Perceptronics' principal scientist and is
internationally recognized for his seminal contributions to both the
ARPANET (the precursor of the Internet) and the Internet itself. Steven
Corda is assistant director of new ventures at Hughes Electronic
Corporation and has over 14 years experience in the telecommunications
industry. Chris Harz is an independent consultant working primarily in
computer gaming and animation. Todd Kesselman is a principal in Vantera
Partners and has extensive experience with financing, merger and
acquisition of new ventures. Michael Laney is vice president and CFO of
Dacor Industries and is widely experienced in business aspects of
entertainment, via his former operating positions in feature animation at
the Warner Bros. and Disney studios, and also of aerospace Industry. Jay
Puryear is the editor of GameFan magazine and is knowledgeable on all aspe!
cts of computer games and the gaming industry. Gene Scher is a principal
in November Lazar Scher, a leading Hollywood firm in licensing and
development of entertainment properties and products.

Dr. Richard Vestewig, Perceptronics' senior vice president for software
systems, said "We are very pleased with the contributions this high-powered
and enthusiastic group has already made to our plans for InterGame
development, demonstration and marketing. We believe the Board's practical
guidance will be extremely helpful as we move to extend the Company's
activities from its defense roots to new commercial areas."

Perceptronics performs research and development and manufactures and
markets computer-based simulation systems and software for military and
commercial training and decision support. Further information about
Perceptronics and its products can be found on the Internet at
www.perceptronics.com.

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