Synthonics Technologies, Inc., Files Voluntary Chapter 11 Petition
                   to Implement Financial Restructuring Plan

     Westlake Village,  CA, October.  27, 2000 - Synthonics  Technologies,  Inc.
("Synthonics",  OTCBB:  SNNT)  today  announced  that it has  filed a  voluntary
petition  for  reorganization  in the  U.S.  Bankruptcy  Court  for the  Central
District of California on October 23, 2000. The filing will allow the Company to
continue business operations while it formulates and obtains necessary approvals
of its financial restructuring plan.

     The  filing  was  necessitated  by a number of factors  and  disputes  that
culminated in excessive litigation proceedings. As a result of today's petition,
Synthonics will be able to avail itself of the orderly processes of the court to
complete the reorganization and move forward with its business operations.

     "We would have preferred to continue  operations without having to seek the
aid of the court, but the factors and disputes, followed by excessive litigation
prevented  that  approach,"  said  Charles  Palm,  Acting  Chairman  and  CEO of
Synthonics.  "The  voluntary  Chapter 11 filing will allow the Company to get on
with business and address the issues in dispute in a more orderly fashion."

     "We expect to continue  doing  business  with our  customers  and licensees
under  normal  business  terms,"  said Dr.  Palm.  "I  believe  the  market  for
interactive  3D graphics for  e-commerce  applications  is just now beginning to
develop and I further  believe that  Synthonics is well positioned to capitalize
on future growth,  especially in areas related  e-commerce  and mobile  wireless
Internet applications."

CONTACT: Dr. Charles Palm, Synthonics Technologies, Inc., 818-707-6000.

Forward-Looking Statements

     Forward-looking  statements  in this release are made  pursuant to the safe
harbor provisions of the Private  Securities  Litigation Act of 1995.  Investors
are  cautioned   that  such   forward-looking   statements   involve  risks  and
uncertainties  including,  but not limited to, dependence on the PC and wireless
technology industries. Investors are encouraged to examine risks associated with
investment  in the  Company's  securities  as detailed  from time to time in the
company's periodic reports filed with the Securities and Exchange Commission.