Microsoft, XBOX Technologies Settle Trademark Dispute

REDMOND, Wash., and GRAND RAPIDS, Mich., June 15, 2001 — Microsoft Corp. and XBOX Technologies Inc. today jointly announced that they have settled their trademark dispute over the term
Specific terms of the agreement will remain confidential.

As part of the settlement, Microsoft will have all trademark rights to
which is the name of Microsoft’s new video game console system, and XBOX Technologies has agreed, in due course, to change its corporate name.

Microsoft remains on target for a successful North American launch of its Xbox video game system on Nov. 8.

About XBOX Technologies

XBOX Technologies (Nasdaq
) is a technology development company engaged in bringing innovative technologies to fruition.

About Microsoft

Founded in 1975, Microsoft (Nasdaq
) is the worldwide leader in software, services and Internet technologies for personal and business computing. The company offers a wide range of products and services designed to empower people through great software — any time, any place and on any device.

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