INTERVU And Wave Systems Sign Agreement To Change The Face Of Commerce For Streaming Audio and Video

Streaming media and profitability have jumped to the next level with today's announcement of a joint agreement between INTERVU Inc. (NASDAQ: ITVU), the leading service provider for Internet audio and video delivery solutions, and Wave Systems Corporation (NASDAQ: WAVX), a leader in providing the world's best technologies and services to secure and sell digital content. The agreement combines INTERVU's industry-leading Internet audio and video streaming media capabilities with Wave's customer-friendly secure commerce systems to enable content providers to make money streaming content in a secure environment. ""While the Internet has been about getting things for free, it has to change if companies are truly going to invest in the medium and push it to the next level,"" said Shailendra Jain, Vice President of Wave's New Media Services Group. ""At the end of the day, companies create content to make money - it's not a hobby. That's why our partnership with INTERVU is a crucial step forward in adding secure, easy-to-use commerce tools to take providing content on the Internet to the next level of profitability beyond sponsorships and banner ads."" To make the system work, INTERVU uses a scalable, patented network of distributed servers to stream live and on-demand audio and video content. Wave's secure, flexible commerce system supports modes of payments like pay-per-view, pay-per-subscription, a back office transaction clearing house and a customer account management system using an online wallet. The wallet includes features such as aggregated billing, online reporting and click & buy, which make it easier for consumers to purchase digital media on demand and manage their accounts online. ""INTERVU is committed to delivering value-added services on top of our patented network foundation that enable our customers to build a viable economic business around their audio and video content,"" said Ed Huguez, Chief Operating Officer of INTERVU. ""Our new alliance with Wave offers content providers a tightly coupled streaming e-commerce solution that has the power to drive new sources of revenue based on a secure, high quality experience."" While the agreement is just being announced today, several new customers have already signed on to take advantage of the partnership. Kanakaris Communications (OTC BB: KKRS), a pioneer in direct over-the-Internet delivery of entertainment content, currently features 300 click-and-view full-length motion pictures at its entertainment Web hub, www.KKRS.net. The company plans to build pay-per-view models around its entertainment content that will utilize the joint solution from INTERVU and Wave Systems. Kanakaris Communications will be demonstrating several pay-per-view movie business models this week in INTERVU's booth at the NATPE 2000 (National Association of Television Program Executives) Convention in New Orleans, Louisiana. ""After four years of research and development commencing with our first Internet delivery of a movie with no download time in December 1995, the pay-per-view online movie solution we are demonstrating at INTERVU's NATPE booth this week is the most exciting development in our company's history,"" said Alex Kanakaris, CEO, Kanakaris Communications. ""We are delighted with the total delivery solution being offered by INTERVU incorporating Wave's transactional skill and our continued use of broadcast quality Microsoft Windows Media Technology."" Another customer, New Jersey-based Rascals International Inc., recently held a Webcast to entice viewers to pay $6.95 to watch an interview with several of their favorite soap stars from General Hospital. According to Ed Rodriguez, President and CEO of Rascals International Inc. (www.rascalscomedyclub.com) (OTCB: RASC), ""The INTERVU/Wave streaming e-commerce solution supporting our initial Webcasts were incredibly well received by our viewers for being high quality, approachable and easy to use. We look forward to building our relationship with Wave and INTERVU as we continue to hold similar Webcasts and generate new sources of revenue from these powerful new Web-based solutions."" INTERVU and Wave are also teaming up to support a subsidiary of Web Video On Demand, WebPayPerView.com, which allows high-speed Internet users to view ""niche"" market content such as boxing, professional Tae Kwon Do, movies, music, live entertainment and other unique events that may not be available through traditional media. WebPayPerView.com will be offering its full-length movies, music, and sporting events on a pay-per-view basis using models such as pricing at a flat rate of $4.99 for a 24-hour ""cyberticket."" About INTERVU Inc. INTERVU provides Web site owners and content publishers with services for the delivery or ""streaming"" of live and on-demand video and audio content over the Internet. INTERVU's services automate the publishing, distribution and programming of video and audio content. INTERVU's customers use its video and audio distribution services to transmit entertainment, sports, news, advertising, business communications, and distance learning content. INTERVU's current customers include CNET (NASDAQ: CNET), CNN (NYSE: TWX), Excite@Home (NASDAQ: ATHM), House of Blues, Investor Broadcast Network (formerly Vcall), Microsoft (NASDAQ: MSFT), MSNBC, NBC (NYSE: GE), NetRadio.com (NASDAQ: NETR); Quokka Sports (NASDAQ: QKKA), Saatchi & Saatchi (NYSE: SSA), Tunes.com and Turner Broadcasting. Additional information can be found at www.intervu.net. About Wave Systems Corp. Founded in 1988, the mission of Wave Systems Corp. is to create the world's best technologies and services to secure and sell digital information. With the recently completed acquisition of N*Able Technologies, Wave now has a comprehensive line of trusted client co-processor systems. Wave's technology is an inexpensive, open standards, hardware and software-based device that enables secure transaction processing and distributed information metering in users' PCs. Embedded in PC hardware and peripherals, set-top boxes and other devices, Wave's trusted client technology is the foundation for client-based security applications and a new distribution and purchasing model for content and services. This low-cost, secure ""system within a system"" will enable the personal computer to assume an important new role in the evolving digital economy. By moving secure transactions to the desktop, Wave provides intrinsic value to the electronic commerce process, benefiting PC users, application developers, and hardware manufacturers.

For more information, please visit Wave's corporate Web site at http://www.wave.com.