Viscorp and Emerson Radio Corp. Sign Letter of Intent for Exclusive Distribution by Emerson Radio of Interactive Set-Top Device and 'Smart' TV

CHICAGO, June 27 -- Visual Information Service Corp. (Nasdaq: VICP) ("VIScorp") and Emerson Radio Corp. (AMEX: MSN), announced today that they have entered into a letter of intent granting Emerson the North and South American exclusive distribution and sales rights to VIScorp's interactive Internet television set-top device, the Universal Internet-Television Interface(R) (UITI(R)), and the UITI(R)-TV interactive "smart" television set. Terms have not been disclosed, pending a definitive agreement. However, pursuant to the letter of intent, VIScorp would be granted warrants to purchase up to a maximum of one million shares of Emerson common stock at an exercise price of $6 per share.

"The UITI(R) provides new and exciting entertainment, information and telecommunications capabilities using any standard television set, including easy access to the Internet, World Wide Web and on-line services," said William Buck, Chief Executive Officer of VIScorp. "The Emerson Radio branded set-top device will dramatically expand the capabilities of the family TV set by providing TV viewers a host of services like e-mail, on-line chat and Net surfing that have, until now, been available only to those who own personal computers.

"The UITI(R) is more than a network computer (NC) as it turns the TV set into a sophisticated communications center, offering an on-screen menu, a speaker phone, the ability to send and receive fax messages, on- screen caller identification (Caller ID) where available, calendar, telephone and address storage, and other services. In addition, it comes with a series of 'in-ROM' interactive multimedia games so that it provides greater value to the whole family," Mr. Buck continued.

VIScorp explains that the UITI(R) runs on an enhanced Amiga(TM) operating system which, VIScorp says, is internationally recognized as one of the finest multitasking multimedia systems, as well as one of the most cost effective systems. The UITI(R) comes equipped with a built-in modem; includes special fonts and graphics so that networked text, data and images can easily be read at normal viewing distance; contains random access memory (RAM) to enable users to download text, messages and other information; and, comes with a sleek, easy-to-use remote control with an imbedded keyboard for convenient information input.

"We are extremely excited about the prospect of our product carrying the Emerson Radio name," said Mr. Buck. "Emerson is an internationally recognized leader in consumer electronics, with a reputation for quality and value."

Eugene I. Davis, President of Emerson, stated: "We are very optimistic about the inclusion of UITI(R) technology into our product mix going forward. We believe that convergence products will be a major emphasis in the consumer electronics business over the next several years and we believe that Emerson will be a value product to the mass market in this area. We believe the Emerson Radio brand name, which is recognized as one of the top brands in consumer electronics, will help drive not only the Internet-television interface products, but also the second and third generation units which VIScorp has already demonstrated to us. We are currently a major supplier to some of the largest retailers in the U.S., such as Wal-Mart, Target and Kmart and believe these retailers will be looking forward to getting into interactive TV products with the Emerson Radio brand name, a brand name that has always sold well in their stores."

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CONTACT: Florine Radulovic of VIScorp, 312-655-0903; Tad Gage, General Information, 312-640-6745, or Bess Gallanis, Media, 312-640-6537, both of The Financial Relations Board (VICP)

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