MEDIA VISION EMERGES FROM BANKRUPTCY AND SIGNS AGREEMENT FOR $15 MILLION
LINE OF CREDIT

FREMONT, CALIF. -- JANUARY 4, 1995 -- Media Vision announced that it had
emerged from bankruptcy effective December 30, 1994, and signed a loan
agreement for a $15 million secured line of credit with certain funds and
accounts managed by the TCW Group, Inc., and its affiliate, TCW Special
Credits (TCW), based in Los Angeles. In accordance with the company's plan
of reorganization, all of its pre-bankruptcy debts have been converted
into 20 million shares of newly issued common stock.

"This is a great way to start the new year and the new Media Vision," said
G. Robert Brownell, Media Vision's president and CEO. "We are ready to
focus our efforts on bringing this company back to profitability. Our core
technologies will allow us to create products that enhance our already
strong domestic retail presence, that build our international retail
presence, and that position us for a greater role in the OEM board and
semiconductor chip markets."

Media Vision also announced the appointment of three members of its newly
formed board of directors: Richard Masson, managing director of TCW Asset
Management Company; Thomas Smith, assistant vice president of TCW Asset
Management Company; and G. Robert Brownell. The company has retained a
search firm to identify candidates for two additional outside director
positions. Upon distribution of all shares in connection with the claims
administration at the end of January, TCW will own approximately 43
percent of the reorganized company.

As previously reported, the U.S. Bankruptcy Court has approved a
stipulation between Media Vision and the Securities and Exchange
Commission (SEC) in which the staff of the SEC agreed that it will not
recommend any enforcement actions be taken against the company, provided
the company continues to cooperate with the SEC and the Department of
Justice. In addition, the company confirmed that, as part of the plan of
reorganization, the pending shareholder lawsuits against the company have
been discharged and the securities plaintiffs will not receive any rights
or claims to assets of the reorganized company.

Media Vision also announced that it has appointed First Interstate Bank as
the transfer agent for its new common stock. The company has applied for
listing on the Nasdaq National Market System. As part of the confirmed
plan of reorganization, the company's former common stock listed under the
symbol "MVIQC" and subordinated debentures listed under the symbol "MVGQC"
were canceled effective December 30, 1994.

Media Vision's mission is to popularize multimedia by offering consumer
solutions at affordable prices. Headquartered in Fremont, California, the
company is a leader in multimedia for personal computers and offers
multimedia kits, sound boards, and audio chips. The company sells its
products through computer retail and mass merchandising channels, and to
original equipment manufacturers.

 ============================================================
 From the 'New Product News' Electronic News Service provided
 via AOL (Keyword = New Products) & Delphi (GO BUSINESS PROD)
 ============================================================
 This information was processed from data provided by the 
 company or author mentioned. For additional details, please 
 contact them directly at the address/phone number indicated.
 All trademarks are the property of their respective owners.
 ============================================================
 All submissions for this service should be addressed to:
 BAKER ENTERPRISES,  20 Ferro Dr,  Sewell, NJ  08080  U.S.A.
 Email: RBakerPC (AOL/Delphi), rbakerpc@delphi.com (Internet)
 ============================================================
