MakePeace Capital Corp. to Acquire NTEC Media; GermanCompany Offers Leading Digital Technology.

Business Editors, High-Tech Writers

DENVER--(BUSINESS WIRE)--May 17, 2000

MakePeace Capital (OTCBB:MKPC) announced today that the Company has signed a letter of intent to acquire German based NTEC Media Corporation.

NTEC is considered to be the premier company involved

"This concept could almost be viewed as one of the first true media portals since it defines a new business model for the Internet economy," stated MakePeace Capital President and CEO Ross Corace.

Types of services to be provided will include:

-- Search/access/retrieval by emerging Internet and Broadcast

standards for indexing media.

-- Integration with a number of key content creation tools for

the implementation of virtual studio' services including media

sharing across post production houses, studios, broadcast

advertising and other media users.

-- Integration with Web e-commerce and data mining.

-- Ordering of videos and records on demand with full encryption

for secure ordering directly from record or movie companies.

The prevalence of Internet offers strong technical support as well as exciting new opportunities for medical professionals and medical information systems. In particular, web-based visual communications of medical data most of which are pictorial in nature will play an important role in remote consultation/education among doctors, and between doctors and their students and patients.

Remote visualization refers to an interactive visualization process acted on large data sets at remote sites via internet or other communication links. Remote visualization is becoming a hot topic in telemedicine research.

One way to maximize the utility of state-of-art expensive medical imaging systems and large valuable image databases is to allow remote access to these resources. This can not only improve cost-effectiveness of but also improve the quality of medicare by facilitating remote consulting by experts and by supporting distant medical education.

The Company envisions a possible scenario of remote visualization of medical data as follows. There are one or few powerful server(s) that have access to central image databases, and are equipped with high rendering power for real-time visualization. But there are many more relatively inexpensive client machines used by individual doctors, students, or clinics. The clients communicate to the server via internet or ISDN lines, and specify, via a graphical user interface, the particular viewing angle and cross sections on the 3D volume data.

"We propose to develop a wavelet-based video compression engine for remote visualization of 3D ultrasound images," stated NTEC President Robert Noll. NTEC MEDIA GmbH has developed, under the direction of Professor Xiaolin Wu who is a world authority in image compression, the ECECOW (Embedded Conditional Entropy Coding of Wavelets, patent pending) technology that has the best compression performance among all existing image compression methods.

The ECECOW technology is being evaluated by JPEG 2000, the next international standard for image compression. The ECECOW video coder offers the following features that are very important for remote visualization via relatively low bandwidth channels like internet.

A single unified code stream of compressed data set is stored at the central database. No multiple copies of the same data set are created by the server to satisfy different clients with different visualization parameters and at different trade-offs between quality and bandwidth.

Statements in this press release that are not purely historical are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding expectations, hopes, beliefs, intentions, or strategies regarding the future generally, Makepeace's growth strategy, future sales, and anticipated trends in Makepeace's business. All forward-looking statements included in this press release are based on information known to Makepeace on the date hereof, and Makepeace assumes no obligation to update any such forward-looking statements. It is important to note that actual results could differ materially from those in such forward-looking statements as a result of a number of factors, most of which are out of the control of Makepeace, including, but not limited to, Makepeace's early stage of development, its lack of profitability and cash flows.