E-Game Network, Inc. and Medical Marketing Innovations, Inc. Announce Share Exchange

Business Wire,  Dec 16, 2002  

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Business Editors/Health & Medical Writers

MIAMI--(BUSINESS WIRE)--Dec. 16, 2002

Also Announce Exclusive Patent Sub-License and Royalty Agreement

with P.D.C. Innovative Industries, Inc. for Hypo-Pro 2000

E-Game Network, Inc. ("Company")(Pink Sheets:EGME) announced today that the Company has completed a share exchange with the shareholders of Medical Marketing Innovations, Inc. ("MMI"), a corporation recently formed for the purpose of marketing various medical device products, including the Hypo-Pro 2000 ("Hypo-Pro").

In connection with the share exchange, which was effected on a one for one basis, MMI has become a wholly-owned Company subsidiary, the former shareholders of MMI have collectively become the majority shareholders of the Company, and Messrs. Epstein, Carlson and Hiler, MMI's Chief Executive Officer, President, and Vice President, respectively, have also assumed such respective positions with the Company, and become the Company's directors. Mr. Hiler also continues to serve in his capacity as Chief Executive Officer of P.D.C. Innovative Industries, Inc. ("PDC") (OTCBB:PDCI). The shareholders of MMI prior to such share exchange, were its founders, Messrs. Ronald Epstein, John Carlson, Michael Hiler, and PDC. PDC owns 10,000,000 shares of the Company's common stock, which represents approximately 25% of the Company's common stock currently issued and outstanding.

The Hypo-Pro, a patent-pending device designed to decontaminate and dispose of hypo-dermic needles and syringes after patient use, was recently sub-licensed to MMI pursuant to an exclusive patent sub-license and royalty agreement ("Agreement") between PDC, MMI, and the licensor of such product. Material terms of the Agreement have been previously disclosed by PDC in a recent prior press release.

The Company's Chief Executive Officer, Mr. Epstein, stated: "We are very pleased to have effected this share exchange with the shareholders of MMI and believe our status as an over-the-counter publicly traded company will serve to enhance our business objective which is to become a leading worldwide marketer of various `state of the art' medical devices. The Company plans to shortly change its name to one more compatible with its stated business purpose."

A PDC spokesperson further stated: "We are excited about formalizing our relationship with MMI and the Company. Messrs. Epstein and Carlson have each previously provided valuable sales and marketing consulting services to PDC in connection with PDC's Hypo-Pro product. We believe the Agreement will prove beneficial to all parties and we look forward to a mutually rewarding long-term relationship."

Mr. Epstein, the Company's Chairman and Chief Executive Officer and until recently, a consultant to PDC, has more than 30 years experience in the health care industry and will provide the overall vision and direction for the Company. In addition to being involved in marketing and sales, he will be responsible for the financing and leasing arrangements of various medical products, including the Hypo-Pro, to hospitals, physicians, dentists and clinics, among other potential end-users.

Since 1986, Mr. Epstein has been the President of Clearlake Financial Corp., an independent leasing company specializing in health care lease/financing, working capital, practice acquisition and asset based loans for physicians, imaging, oncology and surgical centers. He also was the President of MFC Financial Corp., an independent leasing company specializing in the health care industry. MFC was acquired by a public company in 1998.

Mr. Carlson, the Company's President and a Director, and also until recently, a consultant to PDC, will be responsible for the Company's day-to-day operations. In addition to his marketing and sales activities within the private and governmental sectors, he will be responsible for interfacing with shareholders, prospective investors, press and customer relations. Mr. Carlson continues to meet and interview potential manufacturers of the Hypo-Pro, both domestically and overseas.

Mr. Carlson is the former Deputy Press Secretary and Acting Press Secretary to Presidents Nixon and Ford, and was appointed and served on various boards and commissions during the Carter, Reagan and prior Bush Administrations. In addition to his media, press and governmental relationships, Mr. Carlson has extensive marketing and sales experience in the U.S. and abroad, particularly in the medical and health care arena. Mr. Carlson served as the President of U.S.A. Medical Services, Inc., one of the largest third party administrators in the U.S. providing medical services to companies and individuals in Latin America. Mr. Carlson also was the co-founder and President of Salud.com, one of the largest health sites on the Internet for the Spanish-speaking world prior to its sale to a third party in September 2000.

The Company is currently nominally capitalized and will require substantial additional capital to successfully implement its business plan. There are no current agreements, arrangements or understandings with any third parties for such capital and no assurances are given that the Company will obtain such required funding.