News Micoy Joins Forces with Real Vision Camera July 14, 2004 ACQUISITION TO STRENGTHEN OFFERINGS ACROSS MULTIPLE MARKETS Des Moines, IA -- Micoy Corporation announced today that it has acquired RVC LLC, an Israeli developer of immersive image capture and production technologies and components. “Israel has long been a hotbed of technology innovation and early-stage technology companies,” said Mr. Joe Stevens, Micoy CEO. “We were pleased to find in RVC’s technology such a perfect complement to our current capabilities. This acquisition brings together the efforts of two innovative companies in the burgeoning immersive video industry and will allow Micoy to more quickly expand our capabilities for several markets.” The assets acquired under the transaction include patent-pending technologies for capturing and producing panospheric video as well as the ongoing expertise of the RVC development team, including RVC president and inventor of the Real Vision Camera, Mr. Dor Givon. “We expect the acquisition of RVC to accelerate our ongoing development efforts and to reduce our production costs in the near term,” said Mr. Stevens. "We are excited to join the Micoy team,” said Mr. Givon. “Together we will accomplish our mission to become the worldwide premier provider of immersive experiences and immersive image capture systems." About Micoy Micoy is the world’s only provider of True Immersive Video™. Using revolutionary technology, Micoy films and produces live-action three-dimensional video and directional sound with up to 360 horizontal and vertical fields of view. Micoy works with developers of exhibits and attractions, training solutions, promotional marketing products, video games, and other products to deliver true-to-life live action imagery for all types of applications, ranging from themed entertainment attractions to virtual tours. For more information: Don Pierce, President Micoy Corporation don.pierce@micoy.com

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