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To: Rocket Red who wrote (90624)	8/22/2001 9:42:22 AM
From: Joe Copia	Respond to of 150070

Jarvis Entertainment Group Signs LOI to Acquire Ferris Qzar; Ti Jarvis Entertainment Group Signs LOI to Acquire Ferris Qzar; Tim Jones Hired as Director of Finance Business Editors, High-Tech & Entertainment Writers HOUSTON--(BUSINESS WIRE)--Aug.22, 2001--Internet technology and entertainment holding company Jarvis Entertainment Group Inc. (Pink Sheets:JRVE) has signed a letter of intent to purchase Ferris Qzar. Ferris Qzar (FQ) is an entertainment enterprise developed to maximize profitability from its asset holdings in laser tag systems developed by Qzar Entertainment. FQ currently operates a laser tag facility in the Six Flags Astroworld complex in Houston, Texas, in addition to holding a large inventory of the Qzar brand laser tag systems. Jarvis Entertainment Group intends to deploy the acquired systems in a variety of target markets under revenue sharing agreements. Jarvis Entertainment Group has retained Institutional Capital Management (ICM) as its primary financial advisor for M&A and business development strategies. ICM has a successful track record involving Telecommunication and Entertainment companies. They will conduct due diligence and make recommendations with regard to merger & acquisition candidates, in addition to providing fundraising for Jarvis Entertainment Group as needed. Additionally, Tim Jones has been hired as Director of Finance for Jarvis Entertainment. Positions with Chase Manhattan Bank, First Data Corporation, American General Financial Group, and Institutional Capital Management have highlighted Tim's career in financial management and sales. Success in both the traditional and investment banking sectors have broadened his understanding of business financing and development, in addition to participation in the operational management of several large companies involved in investment banking relationships with ICM. Tim received his B.S. degree in Finance from the College of Business at Northern Arizona University. Institutional Capital Management is a full service broker/dealer based in Houston, Texas. In addition to operating as an equities and fixed-income trading facility, the company provides a variety of business development and corporate financial services. Based in Houston, TX, Jarvis Entertainment Group, Inc. is an internet technology and entertainment holding company with up to 142 employees, including seasonal, part time, and network administrative staff to support the entertainment, virtual reality, network and information technology complex. JRVE operates four business divisions: Onsite Entertainment, Network Operations, Connectivity and Manufacturing. Onsite Entertainment - This division houses an Information Technology (IT) center, a bowling alley and virtual reality retail complex, corporate offices, and functions as a testing ground for developmental stage JRVE products. Network Operations - The Network owns, operates and develops a multitude of web sites, and was recently ranked in the top 300 as a web property worldwide by Jupiter Media Metrix. Connectivity - This is the fiber division. The J Project fiber upgrade offers expanded services and bandwidth for commercial and residential customers. Manufacturing - This division produces cutting edge virtual reality entertainment products for commercial and residential applications in our 35,000 sq. ft. Houston facility. SAFE HARBOR PROVISIONS This news release contains forward-looking statements. Actual results could vary materially from those expected due to a variety of risk factors, including, but not limited to, whether clinical trials will be successfully concluded and whether a product will be approved for marketing or be successfully commercialized. Those factors are discussed more thoroughly in The Immune Response Corporation's SEC filings. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. FOR MORE INFORMATION ON THE COMPANY please visit www.jarvisgroup.net for a listing of corporate information, premiere Internet properties and links. --30--as/na* CONTACT: Jarvis Entertainment Group, Houston Alex Ellerman, 773/248-7708 alex@jarvisgroup.net www.jarvisgroup.net