Vancouver, British Columbia -- November 14, 1994 -- EyeTel Technologies
Inc. is pleased to announce that persuant to items specified in the Oct.
28/94 Letter of Intent with U.S. based Peripheral Land Inc. (PLI), EyeTel
has met all the terms and conditions to proceed with the final
negotiations to purchase all the outstanding shares and assets of PLI.

The October Letter of Intent bound both parties to act in good faith to
pursue the successful completion of negotiations. At this time the final
Letter of Agreement is being drafted for review and ratification by the
respective Boards of Directors and acceptance by their shareholders.

PLI is launching its revolutionary new 15X CD-ROM Technology this week at
North America's largest Computer Industry Tradeshow COMDEX, whereas most
other companies involved in the production of CD-ROM drives will be
launching 4X technology.

PLI is a privately held High Technology company with its Head Office in
Freemont, California. The company was founded in 1985 and used 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.

EyeTel's wholly owned subsidiary; 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 August of this year EyeTel Communications 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
Hhundai 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:EYLT).

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

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