Totally Hip Announces Debt Elimination

Posted on August 21, 2002

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

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

Totally Hip has been successful in aggressively working to eliminate its outstanding debt.

Totally Hip is pleased to announce that it has eliminated debt in the principle amount of $100,287.45 and all related interest through forgiveness of debt. The payables were owing to a director and his wholly owned company arising from services related to Totally Hip's software development activities.

Totally Hip is also pleased to announce that on August 19, 2002 it received final approval from the TSX Venture Exchange for its Non-Brokered Private Placement of 4,333,331 units at a price of $0.15 per unit. Proceeds of the Private Placement eliminates further debt in the approximate amount of $600,000.

The debt elimination referred to in this news release is in addition to the settlement of $185,104.14 in debt through the issuance of 140,000 common shares at a deemed price of $0.25 per share announced August 9, 2002.

Since it was founded in 1995 Totally Hip has been consistently developing and marketing award-winning interactive Web development technologies, including Livestage Professional, LiveSlideShow, Web Painter 3.0 and LiveStage 1.0. Totally Hip's mission is to give content developers and producers complete creative control by producing software that empowers users to create, produce and deliver the most engaging and interactive experiences on the Web.

Totally Hip Inc.
Per: Larry Whitehead
Director and CFO
For further information, please contact:
Larry Whitehead, Totally Hip Inc.
Suite 201- 1040 Hamilton Street
Vancouver, BC V6B 2R9
Tel: (604) 685-6525 ext 224
Email: ldw@totallyhip.com

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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