To: Jim Bishop who wrote (121409 ) 10/21/2003 10:47:29 PM From: Rocket Red Respond to of 150070 Ugomedia Interactive Corp. Discloses Stock Dividend (Intended Spin-off) BAY CITY, Michigan and TORONTO, Oct. 21, 2003 (PRIMEZONE) -- Ugomedia Interactive Corporation (OTCBB:UGMI) (name change to Sciax Corporation pending) announced today that its Board of Directors has voted to declare a stock dividend, reorganizing its corporate structure with a view to maximizing growth potential and enhancing shareholder value. A principal feature of this reorganization is to spin-off approximately 12% of the shares of a newly incorporated company, Sciax Defense USA Inc., to UGMI shareholders of record as of October 30, 2003. The balance of shares in the new company will be owned by UGMI. Sciax Defense USA Inc. will acquire 100% of the shares of Sciax Defence Systems Inc., currently a wholly owned subsidiary of UGMI. Sciax Defence Systems Inc. is the company in which all future intellectual property within the UGMI corporate family will be held. It is anticipated that upcoming intellectual property could be licensed to users outside UGMI's target markets. The Dividend will consist of 1(one) share of Sciax Defense USA Inc. for every 4.5 shares of UGMI by each shareholder of record. The date of record for the dividend is October 30, 2003. Nitin Amersey, Chairman and CEO, commented, "We expect upcoming patents to significantly strengthen the technological foundations of our products and we intend to fully exploit any licensing opportunities for these patents in other fields." Ken Smart, President and Sciax founder, stated, "We are in the process of finalizing the filings for several patent applications and are taking these steps to enhance the licensing and growth potential of our intellectual property. This spin-off will allow Sciax Defense USA Inc. to independently seek financing for any technology or patents it may seek to develop, license, purchase or sell." About SCIAX