Totally Hip Software Seeks Consolidation

Posted on January 23, 2002

Symbol: THC-TSX Venture Exchange ( www.tse-cdnx.com )

Phone: 604 685 6525 e-mail: investor@totallyhip.com

Vancouver, British Columbia - January 23, 2002 - Totally Hip Software Inc. announces that at its upcoming Annual General Meeting of members scheduled for February 26, 2002 it will be seeking the consent of members to a proposed consolidation of its common share capital on a one for ten basis and a change of its name to Consolidated Totally Hip Software Inc. or such other name as the Board of Directors may approve.

One new share in the common share capital will be issued for every ten common shares outstanding prior to the effective date of the consolidation. There are currently 21,085,456 common shares outstanding and 2,108,545.60 common shares will be outstanding after the consolidation. Incidental to the consolidation, Totally Hip will be increasing its post-consolidation authorized common share capital to 100,000,000 shares.

The share consolidation is being proposed in order to allow greater flexibility in future financings.
The share consolidation and change of name are subject to members' approval and being accepted for filing by the Canadian Venture Exchange.

Additional information requests or questions can be emailed to investor@totallyhip.com.

Totally Hip Software's mission is to develop software, enterprise solutions, and services to effectively produce and deliver digital media-based solutions as an interactive video format, and to ensure our software products are compatible with and complement established media file formats, platforms, and standards. Totally Hip Software was founded in 1995 and is an award winning developer of interactive Web development technologies.

Totally Hip Software Inc.
Per: "David B. Dicaire"
David B. Dicaire, CEO & President

The TSX Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.

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