E-Pub Secures $7 Million Placement.

NEW YORK and LONDON--(BUSINESS WIRE)--Sept. 9, 1998--

Company's Stock Offering a Success in Volatile Market

E-Pub, which produces UPROAR -- the Internet's leading online game show site -- announced today that it closed $7 million in new financing through the placement and issuance

The placement was managed by ICE Securities Ltd. of London and follows a $5 million placement managed by ICE last year. In addition to increasing advertising expenditures, E-pub intends to use the funding to expand European operations and add more game shows to its UPROAR sites.

"This placement proves that not only does E-Pub have the right business model -- it proves the value of online game shows as an entertainment medium," said Michael Simon, CEO and founder of E-Pub and UPROAR. "Large, top-flight investors committed to E-Pub's future this week because the UPROAR product has continuously demonstrated measurable success."

The additional funding will help E-Pub support its global expansion. UPROAR is already the leading producer of online game shows in the U.S. and U.K. and has just announced a major strategic alliance with Bertelsmann that will help E-Pub leverage its growth in Germany. The additional capital allows the company to aggressively enhance the design of its game show products and focus increased resources on marketing initiatives.

About UPROAR

UPROAR creates, acquires, distributes, and syndicates online game shows and other entertainment properties. UPROAR's properties are supported by licensing revenue and innovative advertising models. UPROAR's game shows are a powerful means for companies interested in building brand recognition, attracting and retaining visitors, and increasing revenue online.

At the UPROAR site (www.uproar.com and www.uproar.co.uk) an unlimited number of contestants can simultaneously compete for cash and prizes. Games include CBS SportsLine Team Trivia, Puzzle A-Go-Go, Picture This, Cosmo's Conundrum and Bingo Blitz. 10,000 sites worldwide, including http://www.film.com, have joined UPROAR's Trivia Blitz game syndication program. Other sites in the UPROAR family include the Centre for the Easily Amused (http://www.amused.com) and GameScene (http://gamescene.com). Uproar attracted over 2 million unique visitors in July, according to NetRatings.

Produced by E-Pub (Holdings) Ltd. (www.e-pub.com), UPROAR has offices in New York, London, San Francisco, and Budapest. Multiple investors, including Esther Dyson, fund UPROAR. E-Pub is listed on the Vienna Stock Exchange. E-Pub and UPROAR were both founded by CEO, Michael Simon.

    CONTACT: Middleberg + Associates, New York
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