LADYDRAGON.COM - EB Games to Carry Essential Reality's New P5 Glove Peripheral

Tuesday October 15, 2002

EB Games to Carry Essential Reality's New P5 Glove Peripheral

Essential Reality, Inc. (Nasdaq:ESSR) announced today that EB Games (Nasdaq:ELBO) (formerly known as Electronic Boutique), one of the world's largest specialty retailers of video game hardware, software, and PC entertainment software and accessories, will be one of several companies to roll out Essential Reality's new peripheral product, the P5(TM).

"We believe that gamers will be really excited about the P5, and as a result we are pleased to be one of the first retailers bringing the P5 to the mass market," said Jerry Madaio, VP Merchandising of EB Games. "The P5 is a valued addition to our fourth quarter product selection. I believe it is going to be a good fit for our customer base of avid gamers." The P5 is going to be available at the Electronic Boutique stores throughout North America and will debut with three P5-enabled titles including Hitman 2, as well as Tiger Hunt and a demo version of Beach Head 2002.

Based upon Essential Reality's proprietary bend sensor and tracking technologies, the P5 is a hand-worn controller that gives users total intuitive interaction within 3-D environments. While the P5 can function in "mouse-mode" right out of the box, it is designed to deliver an enhanced experience that frees PC game players from the constraints of having to utilize complicated keyboard and mouse combinations. As a result, while the P5 will work with almost any PC game, its true power is fully realized when used in concert with games that have been especially enabled for it.

Additional software "patches," which consumers can use to P5-enable existing popular PC games, will also be available on Essential Reality's website at the time the product is released (www.essentialreality.com). Essential Reality also plans to introduce a number of additional patches and/or bundles over the next six months. This comes in advance of a console-based edition of the P5, which is expected to be introduced during the second quarter of 2003.

    "Teaming up with Electronic Boutique made perfect sense for us. They are one of the world's premier retailers of electronic games and their customer base is made up of the exact type of consumer we're targeting," noted Aaron Gavios, VP Sales for Essential Reality. "We are very fortunate to have them as a retail partner in our launch of the P5."

    About the P5(TM)

    With its initial product family - the P5(TM) - Essential Reality is focusing on developing, manufacturing and distributing next-generation 3-D peripherals for the PC/Mac, console gaming and professional user communities. Color images of the P5(TM) can be seen at www.essentialreality.com/products.html.
    A USB based product, the first generation P5(TM) is designed for compatibility with the Microsoft Windows 98 operating system and higher, as well as MAC9.

    About Essential Reality, Inc.

    Essential Reality was founded with the goal of becoming a leader in the design, development and integration of cutting edge tracking and sensory technologies that can be used to provide the ultimate interface between man and machine. Essential Reality seeks to realize this vision through multiple product offerings that apply tracking and sensory technologies for different end-user applications and which ultimately have diverse vertical market applications as well.
    Essential Reality is headquartered at 49 West 27th Street, 7th Floor East, New York, NY 10001 and its web site is located at www.essentialreality.com