Quokka Sports Stockholders Approve Reverse Stock Split

Apr 16, 2001, 01:00 ET from Quokka Sports, Inc.

    SAN FRANCISCO, April 16 /PRNewswire/ -- Quokka Sports, Inc.
 (Nasdaq:   QKKA), a leading provider of sports entertainment for the digital
 world(TM), announced today that its stockholders voted in favor of a 1-for-50
 reverse stock split approved by the company's board of directors in January
 2001.  The company's common stock will begin trading on a post-split basis at
 the open of the market on April 16, 2001.
     As of April 16, 2001, U.S. Stock Transfer Corporation of Glendale,
 California will act as the Company's transfer agent and will be the exchange
 agent for the purpose of implementing the exchange of stock certificates in
 relation to the reverse stock split.
     Additional measures approved by stockholders include an amendment to the
 Company's Certificate of Incorporation to decrease the number of authorized
 shares of Quokka Common stock to 10 million shares, re-election of board
 member Walter W. Bregman through 2004, and ratification of the Company's
 independent auditors, PricewatershouseCoopers LLP for the fiscal year 2001.
 
     About Quokka Sports
     Quokka Sports, a leading provider of sports entertainment for the digital
 world(TM), creates complete interactive sports experiences that fulfill the
 passions of sports enthusiasts worldwide.  Quokka Sports (Quokka.com)
 leverages digital technology to offer rich, immersive presentations that
 include live event coverage, analysis, news and information, audio and text
 dispatches from athletes, games, community forums, and premium shopping.  The
 Quokka Sports Network is comprised of several sport verticals that feature
 some of the world's premier sporting properties.
     Quokka Sports' media business, the Quokka Sports Network, focuses on
 event-centric programming with emphasis on the production of live sport
 events, including Golf (Golf.com, PresidentsCup.com), Major League Baseball
 (TotalBaseball.com), College Sports (FinalFour.net, TotalCollegeSports.com and
 NCAAChampionships.com), year-round coverage of summer and winter Olympic
 sports (NBCOlympics.com, SaltLake2002.com), Sailing (AmericasCup.org,
 BTChallenge.com), and Action Sports (MountainZone.com coverage of skiing,
 climbing, hiking, snowboarding, adventure racing and mountain biking).  The
 Company's proprietary technology and publishing platform infrastructure is
 utilized for its live sport event coverage, and in addition, has recently
 begun operating as a separate business unit, providing managed services for
 companies needing to create rich content for the Internet, broadband,
 Interactive/Enhanced TV and wireless platforms.  Quokka Sports has offices in
 San Francisco, London, New York, and Raleigh.
 
     "Quokka," "Quokka Sports" and "MountainZone" are registered trademarks,
 and "Quokka Sports Immersion," "Qnews," "Athlete's Voice," "Wired Athlete,"
 "What Happens Next," "Sports Entertainment for the Digital World" and the
 Quokka Logos are trademarks of Quokka Sports, Inc.
 
 

SOURCE Quokka Sports, Inc.
    SAN FRANCISCO, April 16 /PRNewswire/ -- Quokka Sports, Inc.
 (Nasdaq:   QKKA), a leading provider of sports entertainment for the digital
 world(TM), announced today that its stockholders voted in favor of a 1-for-50
 reverse stock split approved by the company's board of directors in January
 2001.  The company's common stock will begin trading on a post-split basis at
 the open of the market on April 16, 2001.
     As of April 16, 2001, U.S. Stock Transfer Corporation of Glendale,
 California will act as the Company's transfer agent and will be the exchange
 agent for the purpose of implementing the exchange of stock certificates in
 relation to the reverse stock split.
     Additional measures approved by stockholders include an amendment to the
 Company's Certificate of Incorporation to decrease the number of authorized
 shares of Quokka Common stock to 10 million shares, re-election of board
 member Walter W. Bregman through 2004, and ratification of the Company's
 independent auditors, PricewatershouseCoopers LLP for the fiscal year 2001.
 
     About Quokka Sports
     Quokka Sports, a leading provider of sports entertainment for the digital
 world(TM), creates complete interactive sports experiences that fulfill the
 passions of sports enthusiasts worldwide.  Quokka Sports (Quokka.com)
 leverages digital technology to offer rich, immersive presentations that
 include live event coverage, analysis, news and information, audio and text
 dispatches from athletes, games, community forums, and premium shopping.  The
 Quokka Sports Network is comprised of several sport verticals that feature
 some of the world's premier sporting properties.
     Quokka Sports' media business, the Quokka Sports Network, focuses on
 event-centric programming with emphasis on the production of live sport
 events, including Golf (Golf.com, PresidentsCup.com), Major League Baseball
 (TotalBaseball.com), College Sports (FinalFour.net, TotalCollegeSports.com and
 NCAAChampionships.com), year-round coverage of summer and winter Olympic
 sports (NBCOlympics.com, SaltLake2002.com), Sailing (AmericasCup.org,
 BTChallenge.com), and Action Sports (MountainZone.com coverage of skiing,
 climbing, hiking, snowboarding, adventure racing and mountain biking).  The
 Company's proprietary technology and publishing platform infrastructure is
 utilized for its live sport event coverage, and in addition, has recently
 begun operating as a separate business unit, providing managed services for
 companies needing to create rich content for the Internet, broadband,
 Interactive/Enhanced TV and wireless platforms.  Quokka Sports has offices in
 San Francisco, London, New York, and Raleigh.
 
     "Quokka," "Quokka Sports" and "MountainZone" are registered trademarks,
 and "Quokka Sports Immersion," "Qnews," "Athlete's Voice," "Wired Athlete,"
 "What Happens Next," "Sports Entertainment for the Digital World" and the
 Quokka Logos are trademarks of Quokka Sports, Inc.
 
 SOURCE  Quokka Sports, Inc.