uWink Completes Spin-Off Transaction

uWink, Inc. (Pink Sheets: UWKI) announced today that it has completed the previously announced spin-off of its technology licensing business. The spin-off company, Tapcode Holdings, Inc., through its subsidiary Tapcode, Inc., will operate (and holds all the intellectual property relating to) the technology licensing business. Following the spin-off, uWink, Inc. will continue to operate the uWink interactive restaurant concept.

The spin-off transaction became effective at 11:59 p.m. Eastern time on February 20, 2009. uWink, Inc. stockholders will receive one share of Tapcode Holdings, Inc. common stock for each share of uWink common stock held as of February 13, 2009, which was the record date for the spin-off transaction.

uWink has distributed an information statement with respect to the spin-off transaction to stockholders as of the record date. The information statement contains important information about the spin-off transaction and Tapcode Holdings, Inc. and stockholders are urged to read it carefully.

Shares of Tapcode Holdings, Inc. common stock are subject to significant transfer restrictions intended to prevent public trading in the shares and can only be transferred in certain specific limited circumstances set forth in Tapcode Holdings� Certificate of Incorporation. These transfer restrictions are described in the information statement distributed to stockholders.

About Tapcode

The Tapcode technology features an easy-to-use and fun user interface that looks and feels a lot like browsing the Web and allows the guest greater control of the hospitality environment. Running on tabletop or kiosk touch screens, the Tapcode software lets guests self-order and pay for food and drinks, play single and multi-player digital games, see movie trailers, take surveys and quizzes, view and interact with digital promotions and advertising and more � in all the major languages. Running Tapcode technology allows the hospitality venue to increase customer satisfaction and retention as well as improve operating margins and labor efficiency. For more information: www.tapcode.net.

About uWink

uWink develops and operates an interactive restaurant concept. uWink is led by entertainment and restaurant visionary Nolan Bushnell, founder and former CEO of Atari and Chuck E. Cheese (NYSE: CEC). For more information: www.uwink.com.

This document shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

UWink (CE) (USOTC:UWKI)
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