June 26, 1996

TMM of LA, CA announced today that it has signed an agreement extending payment and delivery terms of its technology liscensing agreement with Iterated. The new agreement provides that TMM's initial payment to Iterated be made on or before July 19, 1996 and for the delivery of the new Iterated programs to TMM on October 19, 1996.

TMM President Mike Fernandez stated: "Highway One is one of the leading multimedia content developers in the nation. We are proud to be working with them on these exciting projects. We will have a chance to show how the Internet and CD-ROM platforms can work together to form a new marketing and distribution system for the music industry. The website will generate substantial traffic and become a solid source of Internet advertising revenues. The website will in turn increase consumer desire to see live performances integrated with their music discs. TMM is positioned to play a major role in this emerging market."

If you would like more information about the company contact the TMM office at (310) 230-2100 or drop us your name at the new TMM website (zerosones.com/TMM) and we will get some information to you.

[NASDAQ] using the symbol TMMI. TMM is a multimedia company dedicated to bringing high quality video to multimedia presentations. For more information contact:

TMM at 15200 Sunset Blvd., Suite 204, Los Angeles, CA. 90272.

Telephone: (310)230-2100 or fax: (310)230-2104.


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