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Marx Toys Adds Industry Veteran

FREEHOLD, N.J. -- Jan. 8, 2003 -- Marx Toys, a division and main focus of Stereoscape Inc., announced today the addition of Robert LoMonaco to its management team.

Mr. LoMonaco has over 30 years of Senior Executive experience with such companies as X-Toys, McFarlane Toys, Matchbox Toys/Tyco and Parker Brothers. His leadership will have an immediate impact on all aspects of Marx Toys' operations from new product development to worldwide sales and lower cost off-shore manufacturing.

Marx Toys, which currently has its product line in over 400 hobby and toy retail outlets, expects to significantly impact their retail account base and projected future revenues through Mr. LoMonaco's experience and relationships with major national retailers. "Our goal for 2003 is to have Marx Toys' product line on the shelf of every major toy retailer in the U.S.", states CEO, Steve Wise.

To date, Marx has specialized in re-introduced classic toys and games. This focus is expected to broaden as Mr. LoMonaco brings experience in identifying and negotiating high profile licenses with major licensors including NBC, CBS, Warner Bros., Elvis Presley Enterprises and many other top licensors. This experience and direction will greatly aid the company in the area of new product development. Several new licenses and product lines are already being negotiated.

About Stereoscape Inc.

Stereoscape, Inc., based in New Jersey, has recently changed its company focus from home theatre sales to the manufacturing and marketing of reissued collectible toys and Classic games. Marx's vintage originals are highly collectible amongst hobby enthusiasts. Marx branded toys are sold at more than 400 toy and hobby retailers across the U. S. and has a rich history dating back to 1918. To read more on this history, visit http://www.marxtoys.com.

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the Company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. Stereoscape takes no obligation to update or correct forward-looking statements.

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