Totally Hip Fiscal 2002 Results

Posted on 03-03-03

www.totallyhip.com
Symbol: THC-TSX Venture Exchange

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

Vancouver, B.C. – March 3, 2003 Totally Hip Inc. announces its fiscal 2002 results with operations for the year reporting a loss of $0.12 per share compared to a loss of $0.28 per share for fiscal 2001. The net loss recorded for the year ending September 30, 2002 is $303,495 compared to a net loss of $587,630 for the previous fiscal year. For the three-month period ending September 30, 2002 the net loss is $182,199 compared to a net loss of $194,450 for the same three-month period the previous year. The reduction in cumulative losses for fiscal 2002 is mainly attributable to gains on settlement and forgiveness of accounts payables and accrued liabilities.

Sales for the year were $821,942 compared to $602,873 in fiscal 2001 an increase of 36%. The increase in sales can be mainly attributable to the increase in sales revenue from site licenses and services and training work.

Although the technology sector continues to be affected by poor performance, fluctuating market conditions and a sluggish economy, which is continuing to contribute to poor software sales across the industry, Totally Hip Inc. fiscal 2002 financial statements report results higher than those achieved during fiscal 2001.

During the 2001-2002 fiscal year Totally Hip embarked on a significant revision to its core product, LiveStage Professional 4.0 which was subsequently announced for release during the week of September 10, 2002 at the Seybold Publishing Conference in San Francisco. The Windows version of LiveStage Professional 4.0 was released subsequent to the year end in December 2002.

For a full pdf version of the report send an email request to investor@totallyhip.com.

Totally Hip’s mission is to develop software, enterprise solutions, and services to effectively produce and deliver convergent media solutions, and to ensure our software products are compatible with and complement established media file formats, platforms, and standards. Totally Hip was founded in 1995 and is an award winning developer of convergent media technologies.

For further information on investor or corporate matters contact 604 685 6525 or email investor@totallyhip.com.

Totally Hip Inc.
Per: "Steve Simpson", CEO and President

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