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To: nokomis who wrote (77509)	1/4/2000 12:19:00 PM
From: Connor26	Read Replies (1) \| Respond to of 120523

Nok - IMON news SAN CARLOS, Calif.--(BUSINESS WIRE)--Jan. 4, 2000-- ImaginOn, Inc. (NASDAQ: IMON - news; www.imaginon.com), the Internet television company, today announced that it completed, through its investment banker, Ladenburg Thalmann & Co., Inc., a $5-million private placement of its restricted (Rule 144) common stock. The lead investor was The Tail Wind Fund Ltd, a world wide investor in emerging growth companies. ``This placement is an important milestone in ImaginOn's continuing development,' said Jim Newcomb, ImaginOn's Chief Financial Officer. ``With this round, and the support of our investment bankers, we are starting to see more backing of the company by institutional investors.' According to ImaginOn Chief Executive Officer David Schwartz, the proceeds from the placement offering will be used primarily to fund the marketing of ImaginOn's ImOn.comTV product, which will make its broadcast market debut in April at the National Association of Broadcasters Convention in Las Vegas, Nevada. Under the terms of the offering, ImaginOn sold 1,873,360 shares of common stock for $2.67 per share, resulting in net proceeds to the Company of $4,700,000. The Company also issued to investors warrants to acquire up to 749,344 shares of common stock at an exercise price of $3.34 per share. The warrants expire on 30 March 2002. The number of shares issued in the offering and the exercise price of the warrants will be adjusted for future issuances of ImaginOn securities at prices less than the sale price of the common stock or exercise of the warrants. ImaginOn has agreed to register the shares of common stock, including the shares received upon exercise of the warrants, on or before 30 March 2000.