GEORGE A. VINYARD HAS BEEN APPOINTED TO THE BOARD OF ADVISORS OF INTELLECTUAL PROPERTY DEVELOPMENT, INC.

CORAL GABLES, FL, September 15, 1999 - Intellectual Property Development, Inc. (“IPD”) today announced that George A. Vinyard has become an investor and been appointed to the company’s Advisory Board.  Mr. Vinyard is currently Of Counsel with the Chicago law firm of Sachnoff & Weaver, Ltd.  His practice is focused on counseling start-up, early stage and emerging technology enterprises with respect to corporate finance and general corporate and securities matters and on counseling companies of all sizes with respect to strategic intellectual property issues.

Mr. Vinyard was Vice President, Intellectual Property and Associate General Counsel of 3Com Corporation from June 1997 until March 1999. At 3Com, Mr. Vinyard headed the legal practice group responsible for patents, trade secrets, copyrights, trademarks, and intellectual property licensing and litigation matters. Under his supervision, 3Com's patent program nearly tripled, with over 325 U.S. patent applications filed in fiscal year 1998.

Mr. Vinyard served as General Counsel, Secretary and Vice President of U.S. Robotics Corporation from 1994 until U.S. Robotics merged with 3Com Corporation in June1997. As U.S. Robotics’ chief legal officer, he was responsible for organizing and administering the company’s intellectual property programs.  He also oversaw the legal work related to five acquisitions, including Megahertz Corporation and Palm Computing, in addition to the 3Com/U.S. Robotics combination and a number of technology alliances and licenses.

“I am excited to have someone of Mr. Vinyard’s calibre join our Advisory Board,” said Howard B. Krass, IPD’s President. “George’s experience with intellectual property matters and emerging technologies will be invaluable as IPD expands its technology transfer activities.  Additionally, his investment represents a strong vote of confidence in our ability to successfully execute on our ongoing business plan.”

Intellectual Property Development, Inc., based in Coral Gables, Florida, is in the technology transfer business, concentrating on the worldwide commercialization and licensing of intellectual property rights in selected technologies.  IPD both acquires patents [and other intellectual property rights] for commercialization and licensing on its own behalf and acts a licensing agent for third parties.  IPD also provides intellectual property evaluation services.  IPD’s clients include Maxwell Communications (through its Trustee in Bankruptcy, Arthur Andersen) and the University of Central Florida. More information is available on the IPD website at www.ipdevelopment.com or contact Maria Gonzales at (305) 662-8515.