Totally Hip Announces CDNX Grant of Escrow Agreement Extension and Stock Options
Posted on 11-20-00
Canadian Venture Exchange:THW
Phone: 604 685 6525
www.totallyhip.com
e-mail: info@totallyhip.com
Vancouver, BC - November 20, 2000 - Totally Hip Software announces that the Canadian Venture Exchange has consented to a 3-year extension of the term of the escrow agreement dated November 19, 1995 between the Company, its transfer agent and certain directors, officers and key employees of the Company. The Canadian Venture Exchange approval follows the approval of the disinterested shareholders of the Company by Special Resolution at the Annual General Meeting of the Company held on March 31, 2000.
Totally Hip Software announces that it has granted Incentive Stock Options on 108,000 shares of the Company's capital stock, exercisable up to five (5) years at a price of $0.28 per share, which price is not lower than the closing price of the Company's shares on the day prior to this announcement less the allowable discount. The options granted may not be exercised until regulatory approval has been obtained and will be subject to any applicable regulatory hold periods.
Totally Hip Software's mission is 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 Software was founded in 1995 and is an award winning developer and marketer of interactive Web development technologies. Totally Hip is traded on the Canadian Venture Exchange (www.cdnx.ca) under the Trading Symbol: THW. (c) 2000 Totally Hip Software Inc. All rights reserved.
TOTALLY HIP SOFTWARE INC.
Per: "David B. Dicaire"
David B. Dicaire, CEO & President
The Canadian Venture 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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