The Pinax Group, Inc. to License CLIO Design Patents: The Pinax Group Will License Award-Winning Intellectual Property

NEW ORLEANS--()--June 16, 2003--The Pinax Group, Inc. today announced the availability of worldwide licenses for its patented SwingTop(R) design utilized by the awarding-winning PC companion, Clio(R). The SwingTop(R) industrial design is protected by numerous globally-registered patents.

"The Pinax Group is presently in various stages of discussions with several companies worldwide to license our intellectual property related to the exciting SwingTop(R) industrial design," said Robert Sowah, The Pinax Group's Chief Executive Officer. "Our clients have been asking for the next generation Clio(R) in both a traditional 'thin client' format as well as in Windows(R) XP tablet, Smart Display, and PDA versions. The availability of the Clio(R) design presents an immediate opportunity for our partners and licensees to introduce mobile computing products that are clearly differentiated from the current convertible product. I am confident that loyal Clio(R) customers will be very excited to see the next generation of Clio(R)-inspired products expected to be produced in the near future."

About The Pinax Group, Inc.

The Pinax Group, Inc. manufactures, sells, and supports the award-winning handheld personal computer, Clio(R), a three pound, 9" x 11", convertible PC-like device that is known for its versatility and portability. Its unique SwingTop(R) design enables it to function either as a touch-screen tablet with handwriting recognition or as a more traditional notebook with a nearly full-sized keyboard. In addition to manufacturing, The Pinax Group also maintains a global intellectual property portfolio related to the Clio(R) and its industrial design.

This release includes forward-looking statements under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. There is no obligation to revise or update any forward-looking statements.

Manufacturers and ODM/OEM's interested in licensing opportunities may contact: license@pinaxgroup.com

Contacts

The Pinax Group, Inc.
650 Poydras Street, Suite 1476
New Orleans, LA 70130
Robert Sowah, 504/299-3476
Fax: 504/737-4749
media@pinaxgroup.com
www.pinaxgroup.com

Sharing

Contacts

The Pinax Group, Inc.
650 Poydras Street, Suite 1476
New Orleans, LA 70130
Robert Sowah, 504/299-3476
Fax: 504/737-4749
media@pinaxgroup.com
www.pinaxgroup.com