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PRESS RELEASE
For Immediate Release

January 31, 1997  

PATXI ENTERTAINMENT NETWORK & AMERICA ONLINE ANNOUNCES
STRATEGIC PARTNERSHIP FOR WORLD'S FIRST LIVE ONLINE FASHION SHOW WITH VICTORIA'S SECRET

New York, NY - Patxi Entertainment Network's (P.E.N.) announced today that it it has entered in to a strategic partnership with America Online to extend its exclusive coverage of Victoria's Secret Spring Collection as part of the world's first live fashion show cybercast from the Plaza Hotel in New York City on February 4, 1997.   P.E.N.'s leading fashion web site SUPERMODEL.COM was given exclusive online rights to cover the event and will be simultaneously broadcasting its coverage on AOL's recently launched "Style Channel".

This exclusive deal marks the launch of a joint venture between P.E.N. and America Online's Style Channel, another milestone in P.E.N.'s growing position as the leading celebrity based Internet programmer.   As a result of the new deal between P.E.N. and AOL, P.E.N. will now become the first independently owned Internet programmer to provide content for the Style Channel.   The event will simultaneously also be broadcast live on SONY's Jumbotron video screen which is positioned in the middle of New York City's Time Square.

The live event coverage will feature editorial, digital images from the runway and back stage as well as chats with the world's top models including Tyra Banks, Claudia Schiffer, Naomi Campbell, Frederique van der Wal, Helena Christiansen and Stephanie Seymour. The joint venture will be officially launched with pre-fashion show online chats, which will lead up to the live webcast.

"We've been discussing a variety of exciting ideas with Patxi Entertainment Network for a long time and are delighted that they have allowed us to be part of their exclusive coverage with Victoria's Secret" said AOL's "Style Channel" Executive Producer, Jessica Marshall.   "Having an opportunity to begin working together with them on an event that features every on of the world's top models is more than our AOL members could have ever dreamed of prior to our new partnership with PEN".

Located in Connecticut, PEN is one of the world leaders in celebrity-based Internet programming which provides custom publishing services, content, special event   programming and merchandise fulfillment.   PEN has designed, built and published over seventeen major online entertainment sites and been the recipient of over thirty of the industry's leading awards and commendations for design and production excellence.   These sites include SUPERMODEL.COM, STARFILE.COM and SUPERSTARS.COM, which has hosted the official online fan clubs for some of the world's leading entertainers and recording artists, including Mariah Carey, Michael Bolton, Brooke Shields, Carly Simon, John Mellencamp, Lynyrd Skynyrd, The Cranberries and Andre Agassi.   PEN additionally published and maintains a new official Internet site and online merchandise area for the rock band, The Grateful Dead at DEADTIES.COM.