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To: star56 who wrote (5358)	2/10/1999 12:30:00 PM
From: jccodez	Respond to of 11130

FOTG - Interesting News Currently at .11 52 week high 2.81 Image-Photo Systems Inc. to Introduce On-Line Rendering WALNUT CREEK, Calif.--(BUSINESS WIRE)--Feb. 10, 1999--Image-Photo Systems Inc. (OTC BB:FOTG - news) announced today that it has signed a letter of intent with AAEX Corp. in which it will purchase worldwide rights, in a licencing agreement, to offer on-line rendering via the corporate Web site at phototek-intl.com. FOTG management expects to execute the definitive agreement within two weeks. Image-Photo Systems Inc. licensing agreement will permit users to render two-dimensional images into three-dimension bump maps on-line without the necessity to install client side image rendering software. Such implementation is another example in the trend towards Network Computing as advocated by Oracle Corporation (NASDAQ:ORCL - news) and Sun Microsystems (NASDAQ:SUNW - news), especially with NC devices incapable of running sophisticated client side applications. Image-Photo Systems Inc. licensing agreement includes future image rendering developments provided by Aaex Corp. and its X-Server.net system. Image-Photo Systems Inc. will offer its customers access to these services, retaining 50% of any revenue collected from user access fees or from advertising banner revenue. Aaex Corp. will implement automated billing for these services, provide necessary bandwidth and provide hardware expansion as required. This agreement will last for three years with an option for renewal every three years thereafter. FOTG management anticipates this strategic licensing agreement will enable the company to take advantage of the exponential growth of the Internet. These statements have not been approved nor disapproved by any stock exchange, and may contain forward-thinking information that may affect the timeliness and execution of the corporation's business operations and affairs in the future. The statements in this press release are made so within the meaning of section 27A of the securities act of 1933 and section 21F of the exchange act of 1934 and are subject to the safe harbor created by these sections. Actual results may differ from Image-Photo Systems Inc.'s expectations.