LG Electronics Licenses Spyglass Internet Technologies for Digital TV Sets And Set-top Boxes.

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NAPERVILLE, Ill., May 17 /PRNewswire/ -- Internet pioneer Spyglass Inc. (Nasdaq: SPYG) announced today that the company has licensed its Internet technologies to LG Electronics Inc. (LGE) for digital television sets and set- top boxes. Specifically, LGE licensed Spyglass Device Mosaic, an embedded Web browser, and Spyglass ThinGUI Library, a small footprint graphics library. Strategy Analytics predicts that 63 percent of U.S. households and 49 percent of European households will own digital TV set-top boxes by 2005.

(Photo: http://www.newscom.com/cgi-bin/prnh/19990517/CGM001 )

With this agreement, Spyglass is helping LGE strengthen its global digital TV (DTV) strategy by providing their Internet technologies as a standards- based framework for authoring Web content, creating revenue-generating applications, and connecting to on-line services. These technologies can be used to create Internet browsing applications, electronic programming guides (EPGs), video-on-demand services, and a variety of other useful services accessible from the set-top box.

"We're working with Spyglass because we're confident they will help us leverage the latest interactive television developments," said Jeong-Yeol Kim, LGE general manager. "Spyglass has proven themselves with so many wins in this growing area. With Spyglass' interactive television expertise, we will be able to keep our digital television set-top boxes in-step with today's relevant technology."

"LG Electronics came to us with the need to provide cost-effective hardware while at the same time differentiating their set-top box in the market," said Randy Littleson, Spyglass vice president and general manager. "They found our Internet technology to be the flexible solution they were pursuing. Our technology and business model were ideally suited to helping them develop next-generation interactive digital TV software."

About LG Electronics Inc.

LG Electronics Inc. (LGE), founded in 1958, has pioneered and led the Korean electronics industry for the last 40 years. LGE has grown to become a leading enterprise, making the future of the electronics industry with many distinguished corporations in over 150 countries throughout the world. Since 1997 LGE has successfully changed its brand from GoldStar to LG all across the world. LG will be known as a premium quality brand with more useful functions, and products popular for their superior design. http://www.lge.co.kr

About Spyglass Inc.

Spyglass provides Internet expertise, software and services for making devices work with the Web. Particularly active in the interactive television and mobile data markets, Spyglass solutions are used by market-leading companies including GTE, General Instrument, Microsoft, Motorola, NEC, Nokia, Sony, Thomson Consumer Electronics (RCA) and Xerox. Spyglass headquarters are located at 1240 East Diehl Rd., Naperville, Ill., 60563; phone: 630-245-6512; fax: 630-245-6693; press email inquiries: aingalls@spyglass.com; Web site: http://www.spyglass.com

(May 1999)

Spyglass and the Spyglass logo are trademarks or registered trademarks of Spyglass, Inc., in the United States and other countries. Mosaic is a trademark of the University of Illinois. (Other technologies and brand names are trademarks or registered trademarks of their respective companies.) This release contains information about management's future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors that are discussed in the company's annual report on Form 10-K for the year ended September 30, 1998, which is on file with the SEC.