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The Phoenix Strategy

Much has been said and written about the recent announcement of the signing of a letter of understanding between VIScorp and Escom AG Germany. In addition, VIScorp has received hundreds of telephone, fax and Email communications requesting information as to the status of the deal and our plans for the Amiga. We are providing this posting to inform those interested in the knowing about the current arrangements -- and will provide additional information as the they develop.

  1. VIScorp is currently conducting a thorough due diligence assessment of Escom's Amiga holdings. This process is painstaking and extremely time consuming; however, without full disclosure, no satisfactory deal can be concluded.

    Due to the letter of understanding, VIScorp is restricted from releasing information relating to the negotiations until they are completed. Until such time, Amiga remains the asset of Amiga Technologies/Escom and all inquires relating to current Amiga operations should be directed to Amiga Technologies/Escom.

  2. VIScorp currently holds a license to the Amiga OS and chip sets and is developing a family of TV-based products that utilize the Amiga's unique functionalities.

  3. Many of VIScorp's senior management have previously worked for Commodore and have a thorough knowledge of the Amiga.

    Our intent to purchase the Amiga comes out of (i) an appreciation of the core technology and its importance to VIScorpís long-term business development and (ii) a belief that the Amiga can -- like the Phoenix -- rise from the ashes and become a profitable technology for the future.

Over the coming days and weeks we anticipate to see a flood a mis-statements in the press, on the Net and via voice communications -- some will be made out of ignorance, others out of malice. We will do our best to keep the Amiga community regularly informed. We have received hundreds of messages and anticipate many more to be received until final resolution of formal negotiations is completed. While we are making every effort to do so, please excuse us if we do not respond to your individual message.

David Rosen
Vice President, Business Development
April 19, 1996

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