[January 10, 2006]

iBloks Secures Angel Funding From Entertainment Industry Luminaries; Warner Music, Dreamworks, Maverick, GUESS? Executives Back Innovative Self Expression Software Startup

SAN FRANCISCO --(Business Wire)-- Jan. 10, 2006 -- iBloks, maker of new self expression software to address consumers' growing need for personalized media and entertainment online, today announced that it has secured funding from Angel Investors, Michael Ostin, a former Warner Music and Dreamworks executive; Freddy DeMann, founding partner in Maverick Recording Company, who previously managed the careers of Madonna and Michael Jackson; and Maurice Marciano, fashion designer, and founder of GUESS?.

The funds will be used by iBloks to complete development and begin marketing of its first product, scheduled for release in the first quarter of 2006.

iBloks provides an entirely new way to express yourself, share and play with digital content online in a totally immersive 3D environment. With iBloks people can mix together any type of media assets -- music, photos, video, or games to create personalized entertainment experiences -- and just as easily share that experience with friends via email, IM, or on their own web pages or blogs. People can mix their own photos, video or audio or visit the iBloks Shop for a great selection of fun content from top media companies.

"People have become digital media savvy and now want to quickly and easily take all their media to create personalized entertainment," said Julia Miller, iBloks president and chief executive officer. "iBloks was founded with a vision to give people a new creative way to mix, share and play with their digital media content."

The Right Team

iBloks has assembled a world-class executive and engineering team balanced to capitalize on the emerging personalized media and self expression trend:

-- iBloks President and CEO, Julia Miller was formerly an executive at Apple Microsoft, and Pepsi including general management for Xbox Live.

-- iBloks SVP, COO, Colleen Andersen was formerly an executive at Microsoft, Sony, EMI and Warner in general management and business development roles.

-- Rolf Kaiser, Vice president of Engineering founded MongoMusic, Inc., and was formerly lead program manager at Microsoft for MSN Music Service.

In addition to its stellar executive team and investor lineup, iBloks has attracted heavy-hitters from the entertainment world to join its board of advisors:

-- Nile Rodgers, Grammy award-winning record producer and producer of Halo 2 Soundtrack.

-- Don Leeds, former board member and executive vice president of Take 2 Interactive.

"iBloks is on to something big," said Ostin. "They're clearly poised to take advantage of some unique technology and well-rounded leadership team to capitalize on the tremendous opportunity in the personalized media and entertainment market."

Added Rodgers: "Creativity, media personalization, self expression and sharing media across PCs, mobile phones and game consoles is exploding and iBloks is at the forefront of this trend."

About iBloks

Founded in 2005, iBloks' mission is to revolutionize personalized entertainment and self expression. At the heart of the company's solutions is its self expression software. The digital building blocks for entertainment and fun via the concept of mix.share.play(TM). The company was founded by entertainment and software industry veterans from Apple, Microsoft, Xbox, Sega, Sony Music, EMI Music, and MongoMusic, and is funded by entertainment industry executives from Warner Music, Dreamworks, Maverick Records, and GUESS?. A pre-release, beta version of iBlok's first product will be available in January 2006. More information is available at: http://www.ibloks.com.

Personalized Entertainment and mix.share.play are trademarks of iBloks.

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