Vancouver, British Columbia -- October 28, 1994 -- EyeTel Technologies Inc.
is pleased to announce that it has reached an Agreement in Principle and
signed a Letter of Intent with U.S. based Peripheral Land Inc. (PLI) to
purchase all the outstanding shares and assets of PLI.

Both companies are currently formulating the terms of the final agreement.
The Letter of Intent binds both parties to act in good faith to pursue the
successful completion of negotiations and will remain in effect until
November 15, 1994 at which time it is anticipated a final Letter of
Agreement will be executed.

PLI is a privately held High Tech company with its Head Office in Freemond,
California. The company was founded in 1985 and sued its expertise to
bring storage systems to the desktop computer platforms. Today, the
variety of storage technologies offered by PLI is extensive and include
CD-ROM Drives, Floptical drives and Disk Arrays. The company has shown
strong sales growth since inception in 1985 with $48.9 million in sales in
1993, and has been the recipient of numerous product and technical
awards.

Whereas most companies involved in the production of CD-ROM drives are
currently launching 4X technology - this year at North America's largest
Computer Industry Tradeshow; COMDEX, PLI will launch its exciting new 15X
CD-ROM Technology.

"The friendly acquisition by Publicly Traded EyeTel Technologies will allow
PLI access not only to the multiple capitalization opportunities available
in the public market but will also ensure a position in the converging
computer/telephone marketplace" stated Leo Berenguel, President and CEO of
PLI.

"We are extemely pleased with the opportunity to align with such a dominant
industry leader," stated Robert M. Calis, President and CEO of EyeTel
Communications Inc., a wholly owned subsidiary of EyeTel Technologies Inc.
"PLI's distribution channel includes over 1500 Value Added Resellers. As
both companies are involved with PC based technologies, we plan to take
full advantage of PLI's network" said Calis.

EyeTel Communications Inc. is a leading developer and supplier of PC based
Videoconferencing systems and is recognized worldwide for its award
winning, interactive visual communications systems.

In Agust of this year EyeTel entered into an Agreement with Unisys
Corporation, wherein EyeTel is providing Unisys with Videoconferencing
software, for resale, under private label by Unisys. On October 4, 1994,
EyeTel entered into a Memorandum of Understanding with Hyundai Electronics
America, Inc. wherein the companies agreed that it was their mutual
intention to enter into an Agreement wherein EyeTel and Hyundai would
jointly develop a PC based Videoconferencing product to be marketed and
sold under the Hyundai private label.

EyeTel Communications is a wholly owned subsidiary of EyeTel Technologies
Inc. EyeTel Technologies is a publicly traded company listed on the
Vancouver Stock Exchange (VSE Symbol: ETL.V) and the NASDAQ Bulletin Board
(symbol: EYTL).

EyeTel Technologies Inc
Suite 206 - 267 West Esplanade
North Vancouver, British Columbia V7M 1A5 CANADA
604-984-2522,  fax 604-984-3566

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