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OTC Journal
November 17, 1999	Volume II, Issue 59

Email : info@otcjournal.com
URL : http://www.otcjournal.com

To OTC Journal Members:

Huge news today on our current profile- Blue Zone (OTC BB: BLZN). Today Blue Zone announced that they have retained world renown Allen & Co. to be their strategic and financial advisor.

If you did not read our profile on Blue Zone which we released last Friday, now would be an excellent time to review it. You can get to it by going to our home page and clicking on the Current E-mail Profile button, or just click here, and you will be taken directly to it.

Blue Zone is an Internet Technology company. They are an award-winning leader in interactive television, radio, advertising and the Web. Blue Zone's proprietary enhance TV platform, is a ``convergence network'' integrating TV, the Internet and print media. In essence, they provide the technology which allows producers to bridge the gap between print, radio, TV, and the Internet.

The relationship with Allen & Co. is extremely powerful news. If you are not familiar with the Wall Street Merchant Banking firm of Allen & Co., here is an excerpt from the July 1996 article published in Forbes Magazine about Allen & Co which will give you an idea as to why we think this is so important:

"Deals just don't get done in Hollywood unless they [Allen & Co.] are involved," says Barry Diller, chairman of Silver King Communications, a broadcast television company, and an Allen & Co. client of long standing. In the giant Disney-Capital Cities/ABC merger last year, Allen & Co. was the only investment adviser used by that redoubtable pair, Warren Buffett and Cap Cities chairman Thomas Murphy. Also last year Allen represented the buyer or seller in two other entertainment megadeals: Westinghouse's $5.4 billion purchase of CBS and Seagram's $5.7 billion purchase of 80% of MCA from Matsushita.

If you would like to read the entire article from which this was taken, simply click here, and a web page will open taking you directly to it. A search of any of the major financial media will bring up numerous articles on Allen & Co.

We view this news as extremely powerful and a confirmation that Blue Zone has technology that is extremely useful to major media companies in developing their Internet Presence.

As we write this update, Blue Zone is already up 5% today on the second largest volume day in the stock's history.

Here is the complete news release for your review:

Wednesday November 17, 8:45 am Eastern Time
Company Press Release
SOURCE: Blue Zone Inc.

Blue Zone Retains Allen & Company Incorporated as Financial Advisor

VANCOUVER, British Columbia, Nov. 17 /PRNewswire/ -- Blue Zone Inc. (OTC Bulletin Board: BLZN - news) today announced it has retained Allen & Company Incorporated, a New York merchant bank, to provide financial advisory and strategic alliance services to the Company. Allen & Company will initially focus on identifying strategic partners as Company investors as well as concentrate on establishing joint venture relations for Blue Zone with media and entertainment clients.

``The relationship with Allen & Company represents a significant opportunity for Blue Zone. With Allen & Company, we have found a financial advisor with an impeccable reputation in the communications field that will provide the Company with superb strategic opportunities,'' said Bruce Warren, CEO of Blue Zone.

``We expect that this relationship will greatly enhance Blue Zone's ability to advance in the media and broadcast sector as well as improve our position as a unique provider of enhanced TV solutions,'' said Jamie Ollivier, President of Blue Zone.

Blue Zone has developed a proprietary convergence platform to create, distribute and manage interactive news content. The NewsBZ(TM) platform facilitates real-time production of interactive television, which can be cross-published to the web, TV and the emerging digital TV/set-top box markets. The NewsBZ(TM) platform is the world's first integrated environment for cross-publishing interactive broadcast graphics from a web-based interface. Content created with this platform guides audiences to related and appropriate web-based information and ecommerce opportunities.

About Allen & Company

Founded in 1922, Allen & Company Incorporated is a leader in merchant banking in the media and broadcast communications field. Allen & Company acted in the Seagram/MCA merger, Disney-Capital Cities/ABC merger and Westinghouse's $5.4 billion purchase of CBS.

About Blue Zone

Blue Zone is an award-winning leader in interactive television, radio, advertising and the Web. Blue Zone's proprietary enhance TV platform, is a ``convergence network'' integrating TV, the Internet and print media. Through its on-air/online toolkits, Blue Zone delivers new revenue streams and audiences to broadcasters. For viewers world-wide, Blue Zone offers round-the-clock news, entertainment and e-commerce on TV, computers and hand-held devices. Come to Blue Zone. ``Convergence is here(TM).'' www.bluezone.net

The Private Securities Litigation Reform Act of 1995 provides a ``safe harbor'' for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by the company) contains statements that are forward-looking, such as statements relating to anticipated future revenues of the company and success of current product offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of the company. For a description of additional risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission.

SOURCE: Blue Zone Inc.
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