CHARYBDIS ENTERPRISES AWARDED CONTRACT BY INTERACTIVE MAGIC

AUSTIN, TX -- (May 22, 1996) -- Charybdis Enterprises, Inc. has been
awarded a contract by Interactive Magic, Inc. to design and develop three
games for the personal computer platform, the first of which is a major
military tank-based simulation game.

Interactive Magic, a developer and publisher of computer simulation games,
will market and release the new Charybdis title. Interactive Magic is best
known for its recent hit title, Apache, which has sold more than 200,000
copies around the world since its release last fall.

The tank-based simulation game titled 'iM1A2 Abrams: America's Main Battle
Tank ' is designed for Windows 95 and will feature real-time 3D graphics,
high quality sound and realistic tank warfare situations. The game is due
in stores in October of this year.

The game will be developed using Charybdis Enterprises' MythOS 3D game
engine, which was released last November and has also been licensed by
Interactive Magic for use in internal development.

"We are looking forward to working with Charybdis Enterprises on this
exciting tank game, as well as a number of other upcoming projects," says
Ray Rutledge, Interactive Magic's vice president of external development.
"Charybdis is an extremely talented development company and we know they
will produce games that will be as cutting-edge as the rest of our
simulation products."

"This contract provides us the opportunity for worldwide distribution of
our first title," says Tim Little, president of Charybdis Enterprises.
"We're very excited about our partnership with Interactive Magic and the
opportunities it presents for our company."

Charybdis Enterprises, Inc. is a software development company in Austin,
Texas that develops and markets PC and location-based entertainment
software. For more information, contact Christine Higdon at Charybdis
Enterprises at (512) 343-7224 or write Charybdis at: 9430 Research Blvd.,
Echelon IV, Suite 302, Austin, TX 78759.
 
 =========================================================
 From the 'New Product News' Electronic News Service on...
 AOL (Keyword = New Products) and Delphi (GO COMP PROD)
 =========================================================
 This information was processed from data provided by the
 company/author mentioned. For additional details, please
 contact them directly at the address/phone# indicated.
 Trademarks are the property of their respective owners!
 =========================================================
 All submissions for this service should be addressed to:
 BAKER ENTERPRISES,  20 Ferro Dr,  Sewell, NJ  08080  USA
 Email:   rbakerpc@aol.com   --or--   rbakerpc@delphi.com
 =========================================================
