Peer-To-Peer:

Alpha Virtual CEO Interviewed on WallStreetReporter.com

Dan Mapes, CEO of Alpha Virtual Inc, formerly Perceptronics, a developer of real-time, peer-to-peer collaboration technology, is currently featured in an online interview at WallStreetReporter.com. To listen to the interview, log on to www.wallstreetreporter.com and register for free. Alpha Virtual is launching its suite of business decision support tools for the Internet in early February 2002. During the interview, Mapes discussed how the need to adjust passive single user viewing of content on the Internet to include images and sounds in a collaborative environment is driving the changing technology for business purposes.

"Alpha Virtual is taking its proprietary scientific simulation coding originally used in SIMNET military war simulation training and reformulating it for today's advanced business applications, which are now also running on high-speed networks," said Mr. Mapes. "Executives can make use of this technology to share the decision making process, rapidly and in real time."

Added Mapes, "Everyone's very excited about the Internet, but I think we all can agree that it's still in its infancy. Until now, it has been very much a personal one-on-one experience with a Web site, downloading information or checking e-mail; really though, the way we work in business is collaboratively. We want to view documents together, communicate and make decisions immediately. Our products allow people to collaborate simultaneously with voice and video."

"Alpha Virtual is in the center of this next phase of Internet peer-to-peer networking. We have been working with this technology for 20 years, we have strong PhD and industry backgrounds, and we were working with the highest levels of high-speed networks long before broadband was available. We're drawing on this strong experience and making it available for commercial use," concluded Mapes.

About Alpha Virtual

Alpha Virtual, formerly Perceptronics, based in Los Angeles, develops and markets advanced technology solutions for high-demand business environments. The company is leveraging its 20 years of experience in creating realistic military training simulations over high-speed networks to develop software products and services to connect the world intelligently through the Internet for communication, collaboration and advanced decision-making. Alpha Virtual's suite of products enables online, peer-to-peer multi-user experiences, to meet the growing demand for expanded interactivity through rich media formats. The collaborative products support streaming video and audio, various forms of text, animation and 3D simulations without additional user plug-ins or downloads. For more information, visit www.alphavirtual.com.

Contact Kristin Conner, kristin@keatingpr.com, 973-376-9300, for Alpha Virtual Inc.