New mimio Software from Virtual Ink Exports Whiteboard Data to QuickTime
and iMovie Multimedia Applications

mimio 1.5 for the Macintosh Demonstrated at Virtual Ink Booth #4027 at
Macworld Expo

MACWORLD EXPO, SAN FRANCISCO -January 9, 2001- Virtual Ink Corp. today
announced mimio 1.5 for the Macintosh, a new software release that will
give Mac users the ability to export whiteboard information to QuickTime,
as well as to iMovie, for editing and viewing as rich content. Mac users
will be able to export ideas, concepts and learning materials from a
whiteboard into video applications for presentations, creative briefs or
classroom lectures. mimio instantly turns any whiteboard into a digital
tool that captures handwritten, color text and drawings as real-time data
that can be shared and used anytime, anywhere.

"mimio turns whiteboard information into rich media content within an
on-line, multimedia environment, including streaming video and audio," said
Greg McHale, president and CEO of Virtual Ink. "mimio 1.5 for the Mac can
enrich opportunities for sharing information in business and academia by
allowing users to create powerful QuickTime and iMovie files for their
multimedia presentations."

"With FireWire and the revolutionary iMovie, which is standard on most
every Mac, Apple has made video editing available to scores of students,
teachers, and business people," said Clent Richardson, Apple's vice
president of Worldwide Developer Relations. "With Virtual Ink's mimio,
users can output whiteboard information to either a QuickTime file, or
directly to iMovie, allowing home users, educators, or businesses to create
compelling movies that combine video with whiteboard sessions. We're
thrilled that Virtual Ink will also bring this innovative technology to Mac
OS X."

mimio 1.5 for the Mac is the second release of mimio for the Macintosh
market and it is compatible with Mac OS 8.6 and Mac OS 9. (A subsequent
update will be carbonized for Mac OS X after the operating system is
released, and will be made available as a free download from the Virtual
Ink Web site.)

"mimio is a tremendous asset in the classroom because it actually makes
teaching easier, not more difficult like other technologies," said Marco
Antonio Torres, Apple distinguished educator, San Fernando High School.
"Thanks to mimio, my colleagues and I can archive daily math problems, save
them as a QuickTime file and upload it to a homework Web page for the
students to view later in the evening from their homes. mimio is a better
solution than the other products that do similar tasks at a much higher
price range."

With support for plug-ins and additional export file formats, Virtual Ink
has made it easy for users to export mimio "ink" files to QuickTime with
all the flexibility needed to create captivating multimedia programs. Users
are able to specify what is exported - all pages or current pages - and how
it is exported - as a static picture or as dynamic data showing strokes
over time, similar to a movie. Once the data is integrated into QuickTime,
special effects, such as titles and sounds, can be added with products such
as QuickTime Pro and iMovie. Ink files also can be exported in PICT, JPEG,
EPS and SVG formats.

Facilitating "cross-platform" needs, mimio 1.5 "ink" files are converted to
QuickTime format for use on the Mac as well as on a PC running Windows 95,
98, NT, 2000 or Me.

"mimio 1.5 for the Mac establishes digital whiteboard pen-stroke
information as a core foundation of multimedia environments including
enhancing video and audio," said Richard Doherty director of research, for
The Envisioneering Group. "This further opens the door for Mac users to
more creatively use multimedia applications for collaboration and
information sharing, and gives them the ability to share that flow with
millions of QuickTime PC users, too."

Weighing less than two and a half pounds, mimio fits into a standard
briefcase or computer bag, sets up in seconds, and requires no special
training to operate. Users simply attach the 24-inch capture bar to the
side or top of a whiteboard, plug it into the USB connection of any Mac (OS
8.6 or higher), and slip a common dry-erase marker into a mimio stylus.
Incorporating a unique combination of infrared and ultrasound technologies,
mimio captures everything that is written or drawn on the whiteboard, in
color and in real-time.

mimio for the Mac includes the mimio capture bar, mimio eraser, four marker
styli and a USB adapter. A mimio carry case is available for purchase
separately. The 1.5 software allows users to review, edit and share the
information created in a whiteboard session, as well as export that data
into a QuickTime or iMovie multimedia source file, therefore eliminating
time spent transcribing notes and producing handouts.

mimio for the Mac ships with Virtual Ink's new light, thin mimio marker
stylus. Ordinary dry-erase markers are slipped into one of the four mimio
styli, which have four color coded caps for use with red, green, blue, and
black markers. The recorded pen color is determined by which cap is placed
on the end of the stylus. mimio also includes mimioMouseTM software, which
pairs mimio with an ordinary LCD projector to turn any whiteboard into an
interactive touchscreen. With mimioMouse, the mimio stylus becomes a mouse,
allowing the user to click, double click, open and close applications and
otherwise control the functionality of their Mac directly from the
whiteboard.

"With mimio, I can illustrate a problem's solution in class, then give the
students an iMovie that replays everything that mimio captured," said
William C. St. John, Ph.D., CGFM, Rensselaer Polytechnic Institute. "This
allows the students to 're-work' the problem on their own using the visual
version of my instructions. It also prevents the students' notes from being
incomplete and avoids the possibility of them losing valuable lecture
details because they were busy taking notes."

Availability and Pricing
mimio 1.5 for Mac will be available in the Spring of 2001 for download on
the Virtual Ink Web site www.mimio.com at no charge.

About Virtual Ink
Founded in 1997, Virtual Ink Corp. is a leading developer of natural,
intuitive collaboration technologies for traditional business, education
and government applications, as well as for e-business and e-learning.
Virtual Ink's first product, the award-winning mimio, is the first
completely portable device that turns virtually any whiteboard or flat
surface into a digital workspace for capturing, managing and sharing
information anytime, anywhere. Virtual Ink received major funding from Bear
Stearns Merchant Banking, CMG @Ventures, IDG Ventures, and Intel Capital.
Privately held, Virtual Ink is based in Boston, Mass., and can be reached
at 617-623-8387 or on the Web at http://www.mimio.com. The company
distributes its products worldwide and has offices in London and Tokyo.