2001 News Releases

TAXAMATIC INTRODUCES "PREPAID" ONLINE TAX PREPARATION CARDS
A world first for 2000 Tax Season

RICHMOND HILL – January 8, 2001
Taxamatic Inc. of Richmond Hill, ON the 100% Canadian developer of income tax software for Canadians, will introduce prepaid online tax preparation cards for the 2000 tax season.

Called TAXWIZ TO GO and IMPÔTMATIQUE DIRECT (for Québec), "purchasers, for less than $10, get a prepaid online card good for two tax returns which will be available from non-traditional retailers, from grocery stores to gas stations (Petro Canada and ESSO’s Tiger Express,)" said Taxamatic President Syd Hazan, "Also available in traditional computer and software outlets, TAXWIZ TO GO and IMPÔTMATIQUE DIRECT remove the need to use a credit card online. Because our prepaid online cards are sold at the retail level for the first time ever, all fees are paid in advance allowing retailers to profit from third party e-commerce. This is a Canadian first."

TAXWIZ TO GO and IMPÔTMATIQUE DIRECT will be available through retail and online in mid-January, 2001.

About TAXWIZ TO GO/IMPÔTMATIQUE DIRECT
TAXWIZ TO GO/IMPÔTMATIQUE DIRECT prepaid online tax preparation cards allow Canadian taxpayers to prepare their tax returns interactively from the TAXWIZ/ IMPÔTMATIQUE Web site, securely without using a credit card. Available from retailers at a suggested price of $9.95, TAXWIZ TO GO/IMPÔTMATIQUE DIRECT are good for two returns, users can choose ‘real’ forms on-screen or the easy interactive ‘question and answer’ ‘TAXWIZ Interview’ method to prepare their returns. Users can stop and start as many times as they wish during preparation, store returns for up to 3 years on secure servers and get free technical support via email, telephone or fax. If users choose to file their returns online, secure and private servers make it safe and easy with SSL (secure socket layer) encryption, the Internet standard for bank and credit card transactions. TAXWIZ/ IMPÔTMATIQUE prepaid online cards will be available at computer and software retailers as well as grocery and convenience stores such as Esso service stations, Petro Canada outlets and mass merchandisers.

THE NEW OKIPAGE 14 SERIES OF DIGITAL LED PRINTERS FROM OKI DATA PROVIDES FLEXIBILITY FOR GROWING BUSINESSES
Printers for the Ever-Changing Needs of Today's Office Environment

MISSISSAUGA, ON - January 15, 2001
OKI Data Americas, Inc. has introduced the OKIPAGE 14 Series of digital LED printers, designed to give growing businesses and individuals maximum flexibility in printing, with a total cost of ownership (TCO) that is on average, 23 per cent lower than leading laser printers.

With both standard USB support and 1284 bi-directional parallel interface, the OKIPAGE 14 Series gives small and medium-sized businesses greater flexibility for managing office printing tasks. The OKIPAGE 14 Series uses OKI Data's digital LED technology to achieve reliable performance with a print speed of 14 pages per minute (ppm) and high-quality, 600 dots-per-inch (dpi) output. When combined with OKI Smoothing Technology Oki Data's patented smoothing software, the OKIPAGE 14 Series can provide 600 x 1200 dpi to easily handle complex graphics.

"Fast, cost-effective monochrome printing is a basic requirement for all offices. Each model in the OKIPAGE 14 Series is versatile enough to adapt to changes in the office environment while delivering consistent top-quality documents," said Joe DiMartino, Marketing Manager for monochrome printers at OKI Data. "The reliability and low total cost of ownership are features that customers have come to associate with the Oki brand." The OKIPAGE 14 Series uses two-piece consumables which keep printing costs down and reduce environmental waste, eliminating the need to discard valuable drum components when the toner needs to be replaced. Such design features contribute to the low total cost of ownership across the series, as compared with similar printers from other manufacturers.

The OKIPAGE 14e
The OKIPAGE 14e is built for fast-paced small business environments. In addition to its 14 pages-per-minute (ppm) engine, the printer has a rated monthly duty cycle of 15, 000 pages. Also, the unit delivers 600 dpi class resolution for crisp, clear images and text, and comes with a 250-sheet standard paper capacity. In addition, the OKIPAGE 14e comes standard with 4 MB of memory, expandable to 36 MB for enhanced printer performance. A variety of upgrades, such as flash ROM, serial interface, paper handling and external print savers, are also available to enable the printer to be configured for a wide range of applications. Suggested retail price (CDN) $674.

The OKIPAGE 14ex
The OKIPAGE 14ex is designed with standard 4 MB of RAM that can be expanded to 36 MB to easily handle more complex files. The 250-sheet paper capacity is standard, expandable to 850 sheets to enhance workflow. The OKIPAGE 14ex prints in 600 dpi resolution for text and 600 x 1200 dpi for graphics, ensuring consistent quality for business documents. The option of a 10/100Base-T Ethernet print server allows the printer to be shared and permits data transfer speeds significantly faster than many industry-popular models. A wide range of memory, connectivity and paper handling options can adapt the printer to the changing needs of a growing business. Suggested retail price (CDN) $899.

The OKIPAGE 14i
The OKIPAGE 14i is built to perform in demanding environments. The OKIPAGE 14i offers 8 MB of RAM, true 600 dpi for printing sharp, professional-looking text, and 600 x 1200 dpi resolution for handling complex graphics. The options available for the OKIPAGE 14i include a 10/100Base-T Ethernet external print server, up to 40 MB of RAM and 850 sheets of paper capacity for increased productivity. A complete assortment of accessories enables the printer to be custom-configured to a wide range of specific printing applications. Suggested retail price (CDN) $1,274.

Availability, Warranty, and Customer Support
The OKIPAGE 14ex and the OKIPAGE 14i are available immediately; the OKIPAGE 14e will be available at the end of January/01.

OKI Data operates a "7/24" toll-free customer service and technical support line at 1-800 OKI DATA (1-800-654-3282), offering a single point of contact for customers in the U.S. and Canada for all current products.

An extensive nationwide network of OKI Authorized Dealer Services Centers throughout North America supports all OKI products. These centers provide on-premises service at more than 2,000 sites in Canada and the U.S., enabling OKI dealers to offer full warranty and after-warranty support to their customers.

About OKI Data
OKI Data's Canadian headquarters in Mississauga, ON was established in 1986. Headquartered in Mount Laurel, NJ, OKI Data Americas, Inc., a subsidiary of OKI Data Corporation of Japan, is a full-line supplier of PC peripheral equipment, including serial impact dot matrix printers; digital LED page printers, plain paper multi-function and facsimile products; and a full line of options, accessories and consumables. OKI Data's entire line of products is in compliance with the EPA's Energy Star® Program. OKI Electric Industry Co., Ltd., parent company to OKI Data Corporation, is a $6.3 billion multinational corporation with headquarters in Tokyo and is a world leader in information processing systems, telecommunications and electronics. For more information about OKI Data or OKI products and services, visit the OKI Data Internet Web site: www.okidata.com.

OKI Reg. T.M. Oki Electric Industry Co., Ltd., Single Pass Color Reg. T.M. Oki Data Corporation, Energy Star Reg. T.M. U.S. Environmental Protection Agency, Ethernet Reg. T.M. Digital Equipment Corp.

VALU-NET CORPORATION (CDNX: VNE) HAS SIGNED A MEMORANDUM OF UNRSTANDING TDEO ACQUIRE ENCORE ASSET SERVICES INC.
Encore Valu-net signs memorandum of understanding to acquire encore asset services inc.

TORONTO, ON - January 16, 2001
It has established itself as an innovative and profitable company by managing technology assets for clients in the manufacturing, leasing and investment industry sectors. Under the proposed terms of the agreement, Encore will operate as a wholly-owned subsidiary of Valu-net.

Encore is a natural fit for Valu-net and will complement CDD's business-to-business division with enhanced asset management and disposition capabilities, a strong distribution channel and a well-established network of high tech clients. Encore offers services such as receiving, testing, tracking, reconfiguring and storing idle high technology assets prior to remarketing and disposition.

"We share a common management philosophy, culture and purpose with Valu-net," said Encore president and founder Keith Pitts. "With this proposed merger, Valu-net offers the resources, structure and technical expertise which we need to grow."

Founded in 1996, Encore has grown at a rate of over 100 per cent each year. A profitable, debt-free company, Encore has as its clients many of the leading global computer manufacturers. With Pitts at the helm, the company has evolved from three people and 2,000 square-feet of warehouse space to over 25 staff and more than 70,000 square-feet.

"This partnership has many positive implications for Valu-net," said Perry Hicks, president of Valu-net. "Not only is Keith Pitts a very strong and energetic leader, Encore is a very successful company that is at the forefront of its field. The opportunities to collaborate on product development, cross promotion and marketing are huge."

"Over the past five years, we have seen a phenomenal growth in technology companies and in the proliferation of technology products on the market," added Pitts. "Already, requests for more responsive asset management require us to offer the ability to track and trace high cost assets on demand wherever they might be - enter our Easi solution. With Valu-net's resident technical expertise in e-commerce, we will be able to offer more responsive solutions to our clients."

About Encore Asset Services Inc.
Encore Asset Services is a private company that has become a valued service partner to many of the world's leading manufacturers, leasing/rental companies . They also partner with other major corporations to assist with the management of their Technology Assets, providing a full suite of asset management services. Encore offers timely, accurate and cost-effective tracking, maintenance and management of entire high-tech inventories. With its industry-acclaimed software system for online tracking, called EASI tm, the company allows customers to query their inventories and generate required internal reports as part of its services. The company is headquartered in Woodbridge close to Toronto's major thoroughfares and Pearson International Airport. Visit http://www.easi2000.com for more information on the company.

About Valu-net
Founded in 1995, Valu-net Corporation provides customers with a wide range of technology, both hardware and software, to better enable the establishment of e-businesses. Valu-net provides key business functionality and defined solutions, such as secure credit card transaction processing, as well as the development of custom e-business solutions for corporations seeking to serve their customers better and more cost effectively using an Internet business model. Visit us at http://www.vncorp.com.

The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

NEWS MEDIA ADVISORY
TAXWIZ/IMPÔTMATIQUE TAX SOFTWARE AVAILABLE FOR CONTESTS/PROMOTIONS

TORONTO, ON - January 22, 2001
Taxamatic Inc. of Richmond Hill, ON, the 100% Canadian developer of income tax software for Canadians, has TAXWIZ/IMPÔTMATIQUE (for Québec) tax preparation software and TAXWIZ TO GO/IMPÔTMATIQUE DIRECT prepaid tax preparation cards available for contests, giveaways or promotions at your publication or station.

About TAXWIZ/IMPÔTMATIQUE 2000 Software
TAXWIZ/IMPÔTMATIQUE 2000 software is rich in features that make completing tax returns an easy and convenient task. Available in CD ROM at retail or as a download from the www.taxwiz.ca site, the software program allows users to prepare an unlimited number of returns. This PC-compatible package works on Windows versions 3.1, 95, 98, NT, 2000 and ME. Users can receive free product updates online during tax season. TAXWIZ and IMPÔTMATIQUE 2000 versions allow users of QuickTax to import personal information data files from last year’s tax season into this year’s TAXWIZ/IMPÔTMATIQUE products. TAXWIZ/IMPÔTMATIQUE software is sold by major retailers across Canada including: Business Depot / Staples / Bureau en Gros, Future Shop, Chapters, Compucentre, Price Club / Costco, Office Depot, Multimicro, MicroAge and many other fine software retailers.

About TAXWIZ TO GO/IMPÔTMATIQUE DIRECT
TAXWIZ TO GO/IMPÔTMATIQUE DIRECT prepaid online tax preparation cards allow Canadian taxpayers to prepare their tax returns interactively from the TAXWIZ/ IMPÔTMATIQUE Web site, securely without using a credit card. Available from retailers at a suggested price of $9.95, TAXWIZ TO GO/IMPÔTMATIQUE DIRECT are good for two returns, users can choose ‘real’ forms on-screen or the easy interactive ‘question and answer’ ‘TAXWIZ Interview’ method to prepare their returns. Users can stop and start as many times as they wish during preparation, store returns for up to 3 years on secure servers and get free technical support via email, telephone or fax. If users choose to file their returns online, secure and private servers make it safe and easy with SSL (secure socket layer) encryption, the Internet standard for bank and credit card transactions. TAXWIZ/ IMPÔTMATIQUE prepaid online cards will be available at computer and software retailers as well as grocery and convenience stores such as Esso service stations, Petro Canada outlets and mass merchandisers.

MOUNT LAUREL, N.J. - January 31, 2001
OKI Data Americas, Inc. has recently received several accolades for its products and excellence in marketing, while company President Dennis P. Flanagan has been elected vice chairman of the prestigious Computing Technology Industry Association, Inc. (CompTIA).

The awards include several from CompTIA, as well as a leading publication's "best in test" award for an OKI color printer, which beat out several top competitors, including Brother, Canon, Lexmark and Xerox. "The recognition OKI Data Americas, Inc., is receiving from CompTIA and the computer industry international press is very significant, because these are both our peers and toughest critics," Flanagan said. "I am especially honored to have been appointed vice chairman of CompTIA, and look forward to applying my experience within the computer industry to develop new projects for the association."

Flanagan is a 28-year veteran of the computer industry and a 10-year member of CompTIA where he previously chaired its Manufacturers Advisory Board. In his position as vice chairman, his goals are to help grow CompTIA's membership among Application Service Providers (ASPs) and resellers, as well as continue to enhance the success of existing programs. Flanagan is also a member of the board of directors for the Computer and Communication Industry Association; Samaritan Hospice, Moorestown, NJ; and serves on the Business Advisory Board of Rowan College, NJ.

During CompTIA's 17th Annual Breakaway Exchange Conference in San Diego recently, OKI Data Americas, Inc., received Golden Screen Awards for its online catalog, Web site and integrated marketing campaign. OKI Data Americas, Inc., was awarded these distinctions based on the strength of its online product information and sales channel programs. OKI's C7200 digital LED printer captured the Best in Test award in the color printer test conducted by Milrodatorn, Sweden's most prestigious PC magazine. The publication ranked the C7200 best among many leading competitors in printing speed and print quality.

About OKI Data
Headquartered in Mount Laurel, NJ, OKI Data Americas, Inc., a subsidiary of Oki Data Corporation of Japan, is a full-line supplier of PC peripheral equipment, including serial impact dot matrix printers; digital LED page printers, plain paper multi-function and facsimile products; and a full line of options, accessories and consumables. OKI Data's entire line of products is in compliance with the EPA's Energy Star® Program. OKI Electric Industry Co., Ltd., parent company to Oki Data Corporation, is a $6.3 billion multinational corporation with headquarters in Tokyo and is a world leader in information processing systems, telecommunications and electronics. Visit www.okidata.com.

OKI Data's Canadian headquarters in Mississauga, ON was established in 1986.

OKI, OKIPAGE, OKI Smoothing Technology Reg. T.M. OKI Electric Industry Co., Ltd., Energy Star Reg. T.M. U.S. Environmental Protection Agency.

"Ken Wilson brings a terrific blend of senior executive management experience to our team. I'm confident he'll be able to manage and grow our organization while allowing me time to identify and explore new business opportunities," said Rasch.

With 31 years high-tech industry experience, Wilson has served Oracle Corporation Canada Inc. as Senior Vice President, Sales; Amdahl Canada Limited in various management positions becoming President/General Manager; and Art Benjamin & Associates as VP and General Manager. His career began with IBM Canada Ltd. serving in marketing and sales positions.
Wilson has a B.Sc. in Electrical Engineering (University of Alberta) and management diplomas from the University of Toronto and University of Western Ontario.

About InQuent Technologies Inc.
InQuent Technologies Inc. (www.InQuent.com) is a leading platform service provider (PSP) of Internet and application hosting solutions sold through a diverse network of international channel partners. Founded in September 1997, InQuent is a privately-owned Corporation headquartered in Toronto, Canada. The Company delivers integrated and market leading Internet and application hosting platforms to partners such as telecommunication providers, ISPs, cable service providers and ISVs. By private labeling InQuent’s scalable customized and turnkey hosting solutions, partners with no prior experience in hosting can immediately deliver value-added services to all their business customers.

THE WORLDCOM NAME ENTERS CANADA WITH AN EXPANDED PRODUCT SUITE OF DATA NETWORKING SOLUTIONS
In Canada, UUNET adopts parent company’s name, WorldCom, and integrates new products into its data networking portfolio

TORONTO, ON - February 7, 2001
WorldCom today announced that its wholly-owned Canadian subsidiary, UUNET, has adopted the name of its parent company, WorldCom, effective immediately. In addition to changing its name to WorldCom Canada Ltd., the company will expand its focus to deliver a wider range of advanced data networking solutions for business.

The Canadian subsidiary currently offers high-speed Internet access, web hosting, and Virtual Private Networks but will soon introduce new products into its portfolio including solutions such as enterprise hosting, media streaming, web centres, and other advanced data networking products. The expanded product portfolio, along with the new name, will lead to increased public awareness of WorldCom Canada and greater recognition of its fast and reliable data networking solutions for business.

"With the name change to WorldCom, our Canadian operations will benefit from a name that is widely recognized and has a global reputation as a leading communications company for the digital generation," said Bernard J. Ebbers, WorldCom president and CEO. "Business in Canada can now depend on a supplier that offers an extensive range of products to increase productivity and profitability through the Internet. These initiatives will lead to new opportunities and increased marketplace awareness of the value our company brings to the Internet space in Canada."

"I am very excited about adopting the WorldCom name and our expanded focus. With our new name, we can build on and leverage the well-established reputation of WorldCom, as an experienced provider of business-critical data networking solutions," said Tal Bevan, president of WorldCom’s Canadian operations. "Not only can our customers continue to expect premium products and services to enhance their productivity over the Internet, but they can also benefit from a provider which offers a wide range of data networking solutions under a well-known name with a strong, global presence."

WorldCom Global IP Network
For more than 13 years, WorldCom’s UUNET division has built its reputation on constructing one of the most rigorously-engineered and widely-deployed IP networks in the world -- delivering high-quality, innovative Internet services to businesses. Today WorldCom’s IP network spans more than 2,500 Points of Presence across five continents with services offered in North America, South America, Europe, Asia and Australia.

As the leader in deploying scalable technology in its network, WorldCom offers the most reliable and robust Internet transmissions over high-bandwidth connections. Currently, the company deploys ATM switches in the network, which enable high-quality transmissions of traffic.

At the beginning of this year, the company completed activating OC-48c in the Americas, and completed the deployment of STM-16 links throughout Europe. In March, the company began the U.S. network upgrade to OC-192c or 10 gigabits per second, speeds with Multi Protocol Label Switching (MPLS) technology.
MPLS, one of the most advanced Internet technologies in the industry, will fulfill even higher demand and scale for Internet bandwidth and will support an easy upgrade path in Canada as WorldCom advances its global IP network there to OC-192c speeds in 2001.

About WorldCom
WorldCom (NASDAQ: WCOM) is a preeminent global communications company for the digital generation, operating in more than 65 countries. Global revenues in 1999 were $37 billion, with more than $15 billion from high-growth data, Internet and international services. WorldCom provides the innovative technologies and services that are the foundation for business in the 21st century. For more information go to http://www.wcom.com

BANKWORKS TRADING INC. APPOINTS THE COMMUNICATIONS GROUP INC. AS PR CONSULTANTS OF RECORD

TORONTO, ON - February 12, 2001
BankWorks Trading Inc., of Toronto has appointed The Communications Group Inc., also of Toronto, as PR consultants of record.

"BankWorks is a global research and consulting company which understands financial services and technology, but most important, we understand how they converge," said BankWorks' CEO Helen Sinclair, former President of the Canadian Bankers Association. "We can talk banker lingo, yet we're no strangers to public key cryptography, neural networks and data mining."

BankWorks assists the financial industry to enhance its strategic technology positioning by helping financial institutions negotiate their way through a multitude of diverse suppliers; identifying best of breed companies and technologies; determining which companies offer the best fit with specific requirements; assisting with negotiations, drafting terms of reference and RFPs and assessing responses to RFIs and RFPs.

BankWorks helps technology suppliers shorten their sales cycle when marketing to the financial services industry by positioning their products and services to meet certain requirements of this market; uncovering new applications and sources of competitive advantage; identifying key decision-makers within the targeted markets and organizing meetings, participating in sales calls and assisting with sales contract negotiations.

BankWorks has also developed expertise as a market research supplier focused exclusively on financial services topics with a technology slant. Two major studies were completed in 2000, "Strategic Payments: Financial Institutions at the Crossroads" and "Making Money on the Web".

"We've chosen The Communications Group as our PR Consultants because they understand the markets in which we work. They have a strong and successful track record in high-tech and business-to-business news media relations and we expect they'll help us tell our story," said Susan Abbott, Director of Research.

DANIELS COMPLETES FIRST GTA MARKET RENTAL COMMUNITY AS VACANCY RATE SINKS TO A 10 YEAR LOW*

TORONTO, ON - February 15, 2001
The Daniels Corporation, one of the GTA’s leading builders of new homes and condominiums, has completed the first of 10 ‘Gateway’ communities aimed at addressing the severe shortage of rental housing in the Toronto area.

"Daniels is planning to build about 1000 rental units at a capital cost of $150,000,000 under the Gateway program," said Mitchell Cohen, President of Daniels. "Virtually no rental housing has been built in years, and with the vacancy rate at .6% we truly have a rental housing crisis on our hands. Our Gateway communities are filling a huge need in the market."

"Rental housing is a fundamental part of any healthy housing system," said Richard Lyall, President of the Residential Construction Council of Central Ontario. "If we don’t have enough rental housing, we have a big problem and if we’re not producing any new rental housing, we have a crisis."

Mississauga’s Mayor Hazel McCallion agrees "It’s been a serious situation because of rent control. It seems that building rental accommodation stopped and as a result, our supply right now is just about zero," said Mayor McCallion. She added that her office gets many calls from people looking for rental accommodation and who don’t have the down payment for a home.

Daniels has created the innovative Home Investment Program (HIP) for residents of a Gateway community, assisting tenants in accumulating a down payment on the purchase of a Daniels home in the future. Gateway tenants earn a $100 credit in their HIP account every month and can save up to a maximum of $6,000 towards the purchase of any new Daniels home or condominium in the GTA.

"We have a responsibility to address the housing needs of everyone in our communities, not just those that can afford to buy an expensive home. Our Gateway program is a first step towards fulfilling that responsibility," said Mitchell Cohen. "The next step is to work with all levels of government to further expand the supply of rental housing, and to find ways to make that housing affordable."

See Canada Mortgage and Housing Corporation’s newest Rental Market Report, released January 29, 2001.

YAHOO! IT’S TAX SEASON
New TAXWIZ tips and tools on Yahoo! Canada make filing your tax return easy

TORONTO, ON - February 27, 2001
While thousands of Canadians dread tax season and the headaches that accompany filing a tax return, Yahoo! Canada members can breathe more easily thanks to TAXWIZ tax tools and tips, now available at www.yahoo.ca through a relationship with Richmond Hill, Ontario-based Taxamatic Inc.

"Life is too short to sweat over a tax return," said Jennifer Stewart, senior brand manager, Yahoo! Canada. "Through our relationship with TAXWIZ, Yahoo! Canada users can spend less time counting money, and more time earning and enjoying it."

TAXWIZ tax tools include:
• RRSP Calculator — find out how much tax you saved with an RRSP contribution
• Capital Gains Calculator — quickly determine your capital gains tax
• Monthly Spending Calculator — conveniently find out how much you’ll need to save
• Retirement Savings Calculator — calculate how much money your yearly savings will be worth
In addition to a suite of useful features and tax information, TAXWIZ provides Yahoo! Canada users with two convenient methods of filing tax returns:
• Interactive Online Tax Return Preparation: For an $8.00* fee users can complete one income tax return online and NETFILE to the government or print and mail. This service is free to those with an income less than $20,000.
• Internet Download: For a $24.95* fee, users will receive the full software program online, allowing them to complete unlimited returns.

"Filing a tax return doesn’t have to be a nightmare and for the many Canadians using TAXWIZ, it’s a very simple, convenient process," said Syd Hazan, president of Taxamatic Inc. "We’re delighted to bring our service to Yahoo! Canada users."

The TAXWIZ 2000 CD software package and download are NETFILE certified with the Canadian Customs and Revenue Agency (CCRA).
*not including tax

About TAXWIZ 2000 Software
TAXWIZ software is rich in features that make completing tax returns an easy and convenient task. Available in CD ROM at retail or as a download from the www.taxwiz.ca site, the software program allows users to prepare an unlimited number of returns. This PC-compatible package works on Windows versions 3.1, 95, 98, NT, 2000 and ME. Users can receive free product updates online during tax season. TAXWIZ features a Capital Gains/Losses Calculator that will easily calculate their gains and losses and transfer that number into their tax return. The TAXWIZ 2000 version allows users of QuickTax to import personal information data files from last year’s tax season into this year’s TAXWIZ. TAXWIZ software is sold by major retailers across Canada including: Business Depot/Staples, Future Shop, Zellers, London Drugs, Compucentre, Price Club/Costco, Great Canadian Superstores, Compusmart and software retailers everywhere.

About Yahoo! Canada
Yahoo! Canada, www.yahoo.ca, is part of the Yahoo! global network and provides comprehensive and localized media, commerce and communication services to millions of Canadians each month. Users can also seamlessly connect to any of Yahoo!'s global properties Yahoo! Canada is headquartered in Toronto, Ontario.

About Yahoo! Inc.
Yahoo! Inc. (Nasdaq: YHOO) is a global Internet communications, commerce and media company that offers a comprehensive branded network of services to more than 180 million individuals each month worldwide. As the first online navigational guide to the Web, http://www.yahoo.com is the leading guide in terms of traffic, advertising, household and business user reach. Yahoo! is the most recognized and valuable Internet brand globally, and is ranked the No. 38 leading consumer brand worldwide. The company also provides online business and enterprise services designed to enhance the productivity and Web presence of Yahoo!’s clients. These services include Corporate Yahoo!, a popular customized enterprise portal solution; audio and video streaming; store hosting and management; and Web site tools and services. The company’s global Web network includes 24 World properties. Yahoo! has offices in Europe, the Asia Pacific, Latin America, Canada and the United States, and is headquartered in Santa Clara, Calif.

VALU-NET POSTS YEAR-END FINANCIALS AND FIRST QUARTER REVENUES FOR 2001
Restructuring Actions Produce Results

TORONTO, ON - March 1, 2001
Valu-net Corporation (CDNX:VNE) today announced financial results for the fourth quarter and year-ending September 30, 2000 and the company's first quarter results for year 2001.

Valu-net reported consolidated revenues of $3.2 million for its first quarter of fiscal 2001, ending December 31, 2000, a significant increase compared to $0.1 million for the same period in fiscal 1999. The net loss for the first quarter decreased to $0.17 million or $0.003 (3/10 of a cent) per share, as compared to a net loss of $0.53 million or $0.01 per share reported for the same period of 1999.

"We are very pleased with our first quarter performance," said Jeffery C. Coyne, chairman of Valu-net. "Our growth in 2001 is directly attributable to our change in direction and priorities. Our re-focusing began early in the spring of 2000. The flexibility of the current management team allowed us to quickly address market changes and implement cost cutting measures ahead of the high tech market slow down. Moving forward, we believe that we are firmly positioned to grow by building on traditional profit-oriented businesses and strategic acquisitions."

For the fourth quarter and year ending September 30, 2000, Valu-net reported consolidated revenues of $20.3 million, an increase of $20 million compared with revenues for the previous year. Valu-net recorded certain one-time expenses of $8.47 million, including expenses associated with the termination of business units and affiliations that were not profitable and did not reflect the company's new direction. As a result of these changes, the company experienced a net loss of $12 million. Excluding discontinued operations and write down of investments, the company had a trading loss of $3.5 million, which represents a loss of $0.06 per share in 2000 compared to $0.08 for the same period in 1999. The company has reduced its annual overhead structure from $3.15 million in year ending September 2000 to an estimated $1.8 million for fiscal 2001.

Our most significant achievement of last year was the implementation of a new management team, a redefinition of the company and the move away from new economy idealism to a focus on sound management and profitability," said Coyne. "While we incurred certain one-time costs in the fourth quarter of 2000, we are confident that the results in the coming year will validate the strategic change in direction. These decisions were difficult but nonetheless essential to position the company for future success."

Recent Accomplishments:
• Developed new e-commerce initiatives
• Derived significant revenue from CDD, the computer distribution division
• Appointed a new management team
• Phased out non-profitable businesses and streamlined operations
• Recouped 6,400,000 million shares as a result of restructuring
• Acquired Encore Asset Management Services, Inc.
• Actively exploring other strategic acquisitions

Detailed financials can be accessed via http://www.sedar.com or by calling Valu-net.

About Valu-net
Founded in 1995, Valu-net Corporation provides customers with a wide range of technology, both hardware and software, to better enable the establishment of e-businesses. Valu-net provides key business functionality and defined solutions, such as secure credit card transaction processing, as well as the development of custom e-business solutions for corporations seeking to serve their customers better and more cost effectively using an Internet business model. Valu- net recently acquired Encore Asset Services Inc., a private company that has become a valued service partner to some of the world's leading leasing companies and computer manufacturers. Encore offers timely, accurate and cost-effective tracking, maintenance and management of entire high-tech inventories. Its industry-acclaimed software system for online tracking, EASI tm, allows customers to query their inventories and generate reports as part of its services. Visit http://www.easi2000.com for more information on Encore or visit Valu-net at http://www.vncorp.com.

The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

In his position as President and CEO, Cirella will be responsible for and involved in all senior management aspects of Valu-net and its subsidiaries, including the creation and implementation of dynamic long range plans for the future growth, strength, development and profitability of Valu-net, involvement in the marketing and budgeting for the company, exploring and expanding complementary profitable business opportunities and strategic alliances, and establishing operational initiatives to ensure the basic infrastructure is in place to effect the expansion and anticipated future growth of Valu-net.

"Nick Cirella is a dynamic, dedicated and experienced leader who has the necessary skill sets to navigate the future course of Valu-net with a view toward providing enhanced shareholder value and corporate profitability." said Coyne. "His track record of building successful, profitable companies, combined with his visionary yet results-oriented management style, is a significant benefit to Valu-net as we embark on the path toward enhanced profitability and growth. Over the past year, we together with numerous other high tech companies have experienced the turbulence associated with the introduction of new technologies and changing consumer and business patterns. While different companies have utilized different strategies to cope with the current uncertainties, Valu-net, we believe has acted in a prudent and timely fashion to deal with these market changes and in the process emerged a stronger and more stable company. With Nick

Cirella at the helm, we have completed the corporate rebuilding process and have in place strategic management team complemented by an exciting new direction and a solid foundation upon which to grow Valu-net's business." Cirella is a hard driving and demanding individual with a wealth of management, technology and marketing experience and leadership abilities. He has been involved in the commodities business for over 30 years with 15 of those years in the high tech industry. His entrepreneurial management style combined with his understanding and vision has enabled him to strategically and tactically position his group of companies as leading edge innovators in their industry. He has a unique skill and capacity to blend various corporate synergies to provide growth and profitability for corporations that he has managed. He has held the position of CEO of Valu-net subsidiary, Computer Discount Depot.com (CDD) since its inception in November of 1999. Under his direction, CDD has grown into a highly successful, profitable high tech company in its first year of operations. Cirella spent 12 years as CEO of the Applied Innovations Group of Companies. During his involvement with the Applied Group, he transformed their operations into a highly networked, debt-free, global enterprise with offices in Canada, the United States and Europe.

This announcement is subject to the approval of the Canadian Venture Exchange.

About Valu-net
Founded in 1995, Valu-net Corporation provides customers with a wide range of technology, both hardware and software, to better enable the establishment of e-businesses. Valu-net provides key business functionality and defined solutions, such as secure credit card transaction processing, as well as the development of custom e-business solutions for corporations seeking to serve their customers better and more cost effectively using an Internet business model. Valu-net is in the process of completing the acquisition of Encore Asset Services Inc., a private company that has become a valued service partner to some of the world's leading leasing companies and computer manufacturers. Encore offers timely, accurate and cost-effective tracking, maintenance and management of entire high-tech inventories. Visit http://www.easi2000.com for more information on Encore or visit Valu-net at http://www.vncorp.com.

The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

BANKWORKS’ MARKET POSITIONING STRENGTHENS ALLIANCE WITH UNITED SYSTEM SOLUTIONS

TORONTO, ON - March 8, 2001
BankWorks, a global research and consulting firm specializing in financial services and technology has announced an alliance with United System Solutions (USS) of Toronto. United System Solutions focuses on the development of solutions for the financial services community. BankWorks has assisted USS with its market positioning.

"We are proud to be associated with USS and the new mail and workflow archiving technology that they have developed", said BankWorks CEO, Helen Sinclair. "We believe it has a potentially huge market in the financial services community because of the growth in demand for web accessible document storage."

David Poulson, CEO, United System Solutions added, "BankWorks has been very constructive in helping us reach our core target market - financial services. Our successful track record at building and implementing within this sector has been enhanced by their tremendous experience and strategic knowledge. We look forward to enjoying a successful, long term, relationship with the BankWorks team."

About BankWorks
Toronto-based BankWorks is a global market research and consulting firm that focuses on topics related to financial services and technology. BankWorks™ is a registered trademark of BankWorks Trading Inc.

About United System Solutions
Founded in 1987, United System Solutions of Toronto, is a leading provider of customized CRM solutions, award-winning education and web enabled CRM products serving the financial, professional and insurance services sectors. Employing more than 90 system professionals, consultants, trainers and computer engineers, United System Solutions is a leading IBM and Microsoft technical education centre.

VALU-NET CONSOLIDATES BUSINESS UNITS UNDER KEITH PITTS

TORONTO, ON - March 12, 2001
Nick Cirella, president and chief executive officer of Valu-net Corporation (CDNX: VNE) today announced that effective immediately, three separate business units, Computer Discount Depot (CDD), Aii97.com and Cybercenturion will merge with recently acquired Encore Asset Services Inc. Encore president Keith Pitts, will be responsible for leading the consolidated company.

Integrating four distinct business units will strengthen and increase Encore's core business services, add resources for further development, and increase efficiency through the amalgamation of administrative processes. Cirella has resigned as president of CDD, transferring all management responsibilities for that company to Pitts in order to dedicate more time to corporate development, including the continued assessment of strategic acquisitions to re-position and grow Valu-net.

"Keith is a proven leader and an astute businessman," said Cirella. "Under his direction, Encore's revenues increased in each of its four years of operations as a private company. Restructuring gives Keith access to additional resources, services, technology and marketing channels necessary to execute his business strategy."

With 33 years in the high technology sector, Pitts has held senior sales, marketing and service positions with IBM Canada Ltd., Data products and Memorex. He has served as a consultant to Bell Canada, SHL SYSTEMHOUSE, NEC Canada and Nulogix. Prior to this appointment, he was president, CEO and founder of Encore Asset Services Inc., a privately held company which
was acquired by Valu-net in 2001.

"I look forward to the many challenges and opportunities presented by this amalgamation," said Pitts. "By making Encore more robust, we will be able to grow the business by increasing services, competitive edge, revenues and market share. With the additional business units, Encore is now be able to offer an integrated suite of asset management services - from electronic inventory and tracking to asset disposition - with a profit center attached to each service."

This announcement is subject to the approval of the Canadian Venture Exchange.

About Encore Asset Services Inc.
Encore Asset Services is a private company that has become a valued service partner to many of the world's leading manufacturers, leasing/rental companies . They also partner with other major corporations to assist with the management of their technology assets, providing a full suite of asset management services. Encore offers timely, accurate and cost-effective tracking, maintenance and management of entire high-tech inventories. With its industry-acclaimed software system for online tracking, called EASI tm, the company allows customers to query their inventories and generate required internal reports as part of its services. The company is headquartered in Vaughan close to Toronto's major thoroughfares and Pearson International Airport. Visit http://www.easi2000.com for more information on the company.

About Valu-net
Founded in 1995, Valu-net Corporation provides customers with a wide range of technology, both hardware and software, to better enable the stablishment of e-businesses. Valu-net provides key business functionality nd defined solutions, such as secure credit card transaction processing, as well as the development of custom e-business solutions for corporations seeking to serve their customers better and more cost effectively using an Internet business model. Visit us at http://www.vncorp.com.

The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

INQUENT NAMES CHRISTOPHER SILK VICE PRESIDENT, SALES

TORONTO, ON - March 13, 2001
Christopher Silk has been named Vice President, Sales, InQuent Technologies Inc., effective immediately.

Based at InQuent’s Toronto head office, Silk joins from Versatel Internet Holdings Group NV of Amsterdam, NL where he was Chief Operations Officer. He also worked as Director, Sales and Marketing, Euro Business Development for UUNET in Amsterdam, NL and as UUNET’s Vice President of Sales in Toronto. Silk joined UUNET as Account Executive/Team Leader in the Company’s Fairfax, VA office in 1995.

"Christopher Silk brings high caliber experience, both international and Internet industry, to the InQuent team," said Ken Wilson, InQuent President and Chief Executive Officer. "We expect he will quickly expand our presence in North America, Europe and Asia."

As an international high-tech sales professional with over 12 years experience, Silk has also held positions with COMMSYS Corporation/Perot Systems, Bell Atlantic Yellow Pages, Fiber Products Company Inc. and KSK Communications.
He holds a BSc in Telecommunications management from Syracuse University’s Newhouse School of Public Communications.

About InQuent Technologies Inc.
InQuent Technologies Inc. (www.InQuent.com) is a leading platform service provider (PSP) of Internet and application hosting solutions sold through a diverse network of international channel partners. Founded in September 1997, InQuent is a privately-owned Corporation headquartered in Toronto, Canada. The Company delivers integrated and market leading Internet and application hosting platforms to partners such as telecommunication providers, ISPs, cable service providers and ISVs. By private labeling InQuent’s scalable customized and turnkey hosting solutions, partners with no prior experience in hosting can immediately deliver value-added services to all their business customers.

OKI® C7000 SERIES OF COLOR PRINTERS GIVES USERS THE COMPETITIVE EDGE IN THE BATTLE FOR BUSINESS
Combines Low Total Cost of Ownership, Higher Productivity, Better Bottom Line

VANCOUVER, BC - March 13, 2001
At Comdex Canada West 2001, starting today, Oki Data Americas, Inc. (Booth #1504) will show the OKI C7000 Series of color digital LED printers, combining speed with a low total cost of ownership, bringing a new level of office productivity from business color printing.

Using the next generation of OKI Single Pass Color® technology, the OKI C7000 Series prints 12 pages per minute (ppm) in color and 20 ppm in black. And with a Total Cost of Ownership (TCO) 15-25% lower than its closest competitor, the C7000 Series makes it affordable for any size business to bring office color printing in-house rather than having their color printing outsourced.

In addition to TCO and in-house printing – which combine for departmental productivity -- the C7000 Series color output can improve communication effectiveness while ensuring a professional business image in the marketplace.
"The C7000 Series gives businesses the competitive edge in workgroup and departmental color in the battle for new business," said Gus Piccin, Oki Data's Canadian General Manager.

"Our third-generation Digital LED print head produces the high-quality color printing Oki Data customers have come to trust. Today we bring to market a new line of color printers that give the user a low cost of ownership while raising their productivity," he said.

Specifications and Features
The OKI C7000 Series consists of four pre-configured models designed to meet a variety of color printing needs for quality output, ranging from 600 X 1200 dots per inch (dpi) resolution to 1200 X 1200 dpi for high-quality graphics. Each model has a monthly duty cycle of 50,000 pages in color and a large capacity toner for less user intervention. Two-sided printing and 10/100Base TX Ethernet® networking functionality are also available.
Additionally, the OKI C7000 Series has an optional configuration with a 5 GB hard drive capable of storing frequently used documents. Once stored in memory, documents can be printed directly from the printers’ control panels, saving valuable time.

The four OKI C7000 printers are:
• OKI C7200 -- 12 ppm color, 20 ppm black; 600 X 1200 dpi; and 64 MB memory. Optional 2-sided printing, hard drive, network interface card and 2nd and 3rd paper trays. List price: (CDN)$5,249.
• OKI C7200n -- 12 ppm color, 20 ppm black; 600 X 1200 dpi; 64 MB memory and standard network interface card. Optional 2-sided printing, hard drive, and 2nd and 3rd paper trays. List price: (CND)$5,999.
• OKI C7400 -- 12 ppm color, 20 ppm black; 1200 X 1200 dpi; 128 MB memory and standard network interface card. Optional 2-sided printing, hard drive, and 2nd and 3rd paper trays. List price: (CND)$8,099.
• OKI C7400DXn with Hard Drive -- 12 ppm color, 20 ppm black; 1200 X 1200 dpi; and 256 MB memory. Standard network interface card, duplex printing, and hard drive. Optional 2nd and 3rd paper trays. List price: (CND)$9,749.

A Special Version for Real Estate
The C7000 Series of printers is ideal for businesses recognizing color printing as a competitive advantage. Now, real estate brokers and agents can use the C7200 for fast, sharp color printouts of listings at a competitive cost per page. The C7200 – Real Estate Edition comes equipped with 128 MB of standard extra memory to handle large graphic files, a CD-ROM loaded with templates for flyers, postcards and web listing pages, and other features geared to the specific needs of real estate brokers, agents and office managers. In addition to real estate applications, the OKI C7000 is ideal for architectural and engineering firms requiring efficient color output to bring life to drawings and designs; and for workers at financial institutions and general business office environments, allowing them to remain productive while generating clear, crisp high-resolution color graphics for presentations.

Availability, Warranty, and Customer Support
The OKI C7000 Series line of printers come with a 5-year print head warranty plus a 1-year limited warranty with on-site coverage in the Canada and the United States. Additionally, 1 and 2-year on-site Service Enhancement Programs are available through participating dealers or direct from OKI Data

OKI Data operates a seven-day-a-week, 24 hour a day ("7/24"), toll-free customer service and technical support line providing a single point of contact for all customer support. This service is available in the Canada and the United States at 1-800 OKI DATA (1-800-654-3282). OKI Data was the first printer manufacturer to offer "7/24" service to its customers.

The OKI C7000 Series is supported by an extensive nationwide network of OKI Data Authorized Dealer Service Centers throughout North America. These Centers provide on-premise service at over 2,000 sites in the Canada and the United States, enabling Oki Data dealers to offer full warranty and after-warranty support to their customers.

About OKI Data
OKI Data's Canadian headquarters in Mississauga, ON was established in 1986. Headquartered in Mount Laurel, NJ, OKI Data Americas, Inc., a subsidiary of OKI Data Corporation of Japan, is a full-line supplier of PC peripheral equipment, including serial impact dot matrix printers; digital LED page printers, plain paper multi-function and facsimile products; and a full line of options, accessories and consumables. Oki Data's entire line of products is in compliance with the EPA's Energy Star® Program. OKI Electric Industry Co., Ltd., parent company to Oki Data Corporation, is a $6.3 billion multinational corporation with headquarters in Tokyo and is a world leader in information processing systems, telecommunications and electronics. Visit the OKI Data Internet Web site: www.okidata.com.

OKI Reg. T.M. OKI Electric Industry Co., Ltd., Single Pass Color Reg. T.M. OKI Data Corporation, Energy Star Reg. T.M. U.S. Environmental Protection Agency, Ethernet Reg. T.M. Digital Equipment Corp.

EQUITYENGINE.COM EVOLVES TO VENNGO INC. AND LAUNCHES VIRTUAL BUSINESS NETWORK (VBN)

TORONTO, ON - March 20, 2001
Venngo Inc. announced the signing of additional client software licenses for its Virtual Business Network (VBN) solution. This solidifies the Company’s transition from Equityengine.com as a virtual incubation destination, to the broader Venngo network model.

"Our VBN now connects thousands of members, bringing together businesses, associations, and educational institutions, creating a vast marketplace to promote their products and services," said CEO Craig McKenney. Brent Stucke, President, added "Recently-signed clients, like Hewlett-Packard (Canada), are already using Venngo’s VBN solution to build brand loyalty while helping their customers generate new business opportunities, be more productive and save money."

Venngo continues to license their software and is currently finalizing agreements with Certified Management Accountants of Canada and Communitech, furthering Venngo’s efforts to grow its global VBN.

The Venngo VBN is live with BioBroker.ca Inc., Equityengine.com, Hewlett–Packard (Canada) Ltd., The Association of Collegiate Entrepreneurs, The Association of Independent Consultants, The Canadian Youth Business Foundation (Youthbusiness.com), The Leaf Initiative, The Society of Internet Professionals The University of Toronto Innovations Foundation, The University of Toronto Joseph L. Rotman School of Management, The University of Waterloo Entrepreneurs Association, VentureCluster Inc. and Wilfrid Laurier University’s E-biz Club.

About Venngo Inc.
Venngo brings people, ideas, capital and knowledge together to foster innovation and business development. By using Venngo’s Virtual Business Network (VBN) ASP software solution in their Web sites, businesses, associations, and educational institutions are creating local business networks within an overall marketplace, where they can easily promote their products and services. VBN technology also empowers their users to selectively work with each other, and also communicate, collaborate and do business with any user across all Venngo VBN’s.

INQUENT TECHNOLOGIES NAMES DONNA GARLAND VICE PRESIDENT, PROJECT MANAGEMENT OFFICE

TORONTO, ON - April 4, 2001
Donna Garland has been named Vice President, Project Management Office, InQuent Technologies Inc., effective immediately.

Based at InQuent’s Toronto head office, Ms.Garland is responsible for product and project delivery and the overall framework of the Project Management Office including standards, methodology, work programs, planning, capital budget and staffing. She also directs the Company’s Business and Systems Analysis Office. Prior to this appointment, she served as Director, Project Management Office.

Ms.Garland holds over 19 years of IT experience in the public and private sectors. She joined InQuent in June 2000, from Human Resources Development Canada where she served as IT Manager of Application and Intranet/Internet Operations. She has also held other senior IT positions where she delivered business-to-business and business-to-customer solutions. Most notably, Ms. Garland served as Director of Program Management with ReserveAmerica where she managed a $10 million US federal account and delivered business-to-customer e-commerce solutions.

Ms. Garland was awarded the prestigious Minister Award in 1998 by Revenue Canada for her role in implementing remote office solutions for mobile professionals.

About InQuent Technologies Inc.
InQuent Technologies Inc. (www.InQuent.com) is an award-winning global Platform Service Provider (PSP) of wholesale hosting platforms sold directly through a diverse network of international Service Providers. InQuent delivers integrated and market leading Internet and application hosting platforms to Private Labeled Customers (PLCs) such as telecommunication providers, ISPs, cable service providers, and ISVs. Founded in September 1997, InQuent is a privately owned corporation headquartered in Toronto, Canada. SBC Communications Inc. of San Antonio, Texas, is a major shareholder in InQuent Technologies Inc.

TAXWIZ TEAMS WITH MICROSOFT TO PROVIDE PERSONAL FINANCE POWER PACK

RICHMOND HILL, ON - April 9, 2001
Taxamatic Inc. of Richmond Hill, ON, the 100% Canadian developer of tax preparation software for Canadians, has teamed with Microsoft Canada to offer TAXWIZ 2000 tax preparation software, MICROSOFT MONEY 2001 (Canadian Edition) and THE WEALTHY BARBER COMMON SENSE GUIDE TO SUCCESSFUL FINANCIAL PLANNING together in a specially-priced package. When consumers buy MICROSOFT MONEY 2001 (Canadian Edition), they receive THE WEALTHY BARBER free; when they add TAXWIZ 2000, they receive a $30 rebate on the purchase price of the Microsoft product.

"We have linked a package of exceptional personal finance products at a time when most Canadians will need them," said Syd Hazan, President, Taxamatic Inc. "As we get closer to April 30 and having to file taxes, TAXWIZ, MICROSOFT MONEY and THE WEALTHY BARBER will provide exceptional value and reference to those preparing their own documents."

About TAXWIZ 2000 Software
NETFILE certified TAXWIZ software is rich in features that make completing tax returns an easy and convenient task. Available in CD ROM at retail or as a download from the www.taxwiz.ca site, the software program allows users to prepare an unlimited number of returns. This PC-compatible package works on Windows versions 3.1, 95, 98, NT, 2000 and ME. Users can receive free product updates online during tax season. TAXWIZ features a Capital Gains/Losses Calculator that will easily calculate their gains and losses and transfer that number into their tax return. The TAXWIZ 2000 version allows users of QuickTax to import personal information data files from last year’s tax season into this year’s TAXWIZ. TAXWIZ software is sold by major retailers across Canada including: Business Depot/Staples, Future Shop, Zellers, London Drugs, Compucentre, Price Club/Costco, Great Canadian Superstores, Compusmart and software retailers everywhere.

About Valu-net Corporation
Founded in 1995, Valu-net Corporation provides customers with a wide range of technology, both hardware and software, to better enable the establishment of e-businesses. Valu-net provides key business functionality and defined solutions, such as secure credit card transaction processing, as well as the development of custom e-business solutions for corporations seeking to serve their customers better and more cost effectively using an Internet business model. Valu-net is in the process of completing the acquisition of Encore Asset Services Inc., a private company that has become a valued service partner to some of the world's leading leasing companies and computer manufacturers. Encore offers timely, accurate and cost-effective tracking, maintenance and management of entire high-tech inventories. Learn more about Encore at http://www.easi2000.com or visit Valu-net at http://www.vncorp.com.

The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

VICINITY LAUNCHES LOCATION-BASED MARKETING SERVICES TO CANADA

TORONTO, ON - April 17, 2001
Vicinity Corporation (Nasdaq: VCNT) announced today the availability of its location-based marketing services to companies that operate uniquely in the Canadian market, focusing on the financial, hospitality and retail sectors. Vicinity is offering a complete solution that employs Web, wireless and speech platforms to the Canadian market to turn online browsers into real world buyers. The services include Web Business FinderSM, Wireless Business FinderSM, Speech Business FinderSM and SiteMakerSM.

Vicinity’s services have been deployed by Canadian subsidiaries of Fortune 500 companies over the past five years. Currently, 32 Canadian subsidiaries use Vicinity’s services including Starbuck’s, The Gap, The Home Depot, Ford Motor Company, Starwood Hotels, Bombardier Recreational Products, Holiday Inn, Best Western Hotels and Ethan Allen.

"Though we have had great interest in the Canadian market as our business has evolved, the mapping data infrastructure has only recently become available which will allow us to meet the high quality and reliability standards required for delivery of our full range of services," said Emerick Woods, president and CEO of Vicinity Corporation.

The Vicinity solution comprises:
• Boundary-less proximity searches to locate the closest retail location where a brand name product or service may be acquired
• Driving directions to direct customers to a store location
• Trip planning that identifies graphically all of a brand's locations along a travel route, as well as directions and details regarding those locations
• Individual store Web site infrastructure, empowering local stores to generate more foot traffic while allowing corporate management to monitor content while maintaining their branding image.

Vicinity’s patented boundary-less proximity search rapidly identifies for the consumer only those few locations that are physically closest to the consumer’s location, regardless of municipal and postal code boundaries. Use of the proximity search tool also maximizes use of the limited display of a handheld wireless device or wireless Internet telephone.

Vicinity’s services are transparently integrated into its clients’ corporate and wireless Web sites, as well as their toll-free phone numbers. For example, when using the Starbucks store locator, the consumer would go to www.starbucks.com, select "Store Locator" and enter his/her current location. To the consumer it appears that the resulting list and maps are on the Starbucks Web site; however, these results will have been delivered from Vicinity’s servers containing both the geo-spatial data and the store location database. Optimizing this delivery through high-speed search algorithms and a high availability, reliable hosting architecture is another key feature of Vicinity’s infrastructure.

The location results delivered are current and accurate. Vicinity’s clients provide updates to its location database as often as daily, taking into account new location openings, relocations and closings.

Vicinity licenses its Canadian mapping data from DMTI Spatial Inc., based in Markham, Ontario. Over the past 18 months, DMTI has enhanced and expanded its product line and support services to fully support Vicinity’s Canadian offerings. Vicinity recently extended its contractual relationship with DMTI.

Coincident with this launch, Vicinity has announced the appointment of Jim Courtney as Director of Business Development, Canada. Mr. Courtney, a graduate of the University of Toronto’s Executive MBA program, brings over 25 years’ experience building Canadian businesses in the high-technology sector as well as U.S. business development experience.

About Vicinity
Vicinity Corp. is a leading provider of Internet-based infrastructure marketing services for brand-name Global 2000 companies. The company's solutions, available in 18 countries and in 10 languages, enable its clients to direct their customers searching for a specific product or service to the nearest brick-and-mortar store that carries that product or service. Vicinity's customers include FedEx, Ford, GM, Hilton Hotels Corporation, Marriott, McDonald's, NEC, Pizza Hut, Starbucks, Starwood Hotels, Taco Bell, Toyota, Levi Strauss & Co. and UPS. Its suite of private-label and co-branded content and services -- available via the Internet, cellular phones, WAP phones, wireless devices and landline telephones -- includes Vicinity Business FinderSM, Speech Business FinderSM, Wireless Business FinderSM, SiteMakerSM and MapBlast!_ Mapping Service.
Vicinity, established in 1995, is headquartered in Sunnyvale, Calif., and has offices in San Diego, Calif., Lebanon, N.H., U.K. and France. Vicinity_ is a registered service mark of Vicinity Corp.

This news release contains statements of a forward-looking nature relating to the future events or the future financial results of Vicinity Corporation. Investors are cautioned that such statements are only predictions and actual events or results may differ materially. In evaluating such statements, investors should specifically consider the various factors that could cause actual events or results to differ materially from those indicated from forward-looking statements. Including the matters set forth in Vicinity Corporation's reports and documents filed from time to time with the Securities and Exchange Commission.

MONARCH TO BUILD $300 MILLION TORONTO WATERFRONT COMMUNITY
Ontario’s Largest Waterfront Community to Feature High Rise Living in Urban Resort

TORONTO, ON – April 18, 2001
Toronto-based Monarch Construction Limited announced today the launch of a joint-venture with Water View Corporation also of Toronto, to develop and build a $300 million waterfront project in the heart of Toronto’s lakeshore over the next 10 years.

Monarch is one of Toronto’s largest builders of highrise condominiums and single family homes, with over 25 projects currently under development in Canada. In business since 1917, Monarch is a member of the Taylor Woodrow Group (LSE: TWOD), an international leader in housing, property development and construction. Headquartered in London, Taylor Woodrow has significant housing operations in the UK, United States, Canada, Spain and Australia.

Waterview will be the largest waterfront community currently being built in Ontario. Situated on a 10-acre piece of land, between the Humber River and Mimico Creek, the development is part of Toronto’s $12 billion revitalization program of 50 km of the city’s Lake Ontario waterfront. Development of Waterview is expected to generate approximately 3,750 person years of employment when construction begins in 2002.

Toronto’s first urban resort, Waterview will appeal to a diverse market, offering the luxury, amenities and indoor/outdoor activities of a year-round destination resort in a live-work lifestyle all built around the water.

Bordered by 40-hectares of parkland and wetlands, the 10-acre site will accommodate approximately 1,500 residential units in eight highrise buildings with panoramic views of the waterfront and downtown Toronto. Prices will range from the low $100,000s for a studio suite to over $600,000 for a penthouse suite. The first 27-storey building, The Voyager, will have 313 suites and be available for sale April 21/01.

The development team includes Graziani and Corazza as the principal architects with the internationally renowned architectural firm of Zeidler Roberts serving as design consultant.

Waterview’s landscaping will merge its natural habitat surroundings with formal gardens, courtyards and sundecks. Throughout the 10 acres, the sound and motion of fountains, jets, ponds and reflecting pools will be a constant reminder of the community’s lakeside heritage. The central waterfront court will be organized around The Pond, a large, landscaped reflecting pool, which will serve as a meeting place in the summer and possibly a skating rink in the winter.

The Voyager will include The Waterview Club, a recreational, fitness and health facility featuring a two-storey indoor pool, spa, fitness gym, guests suites, and vista lounge.

For purchasers requiring home office conveniences or global telecommuting services, Waterview will introduce Monarch’s new MO.NET system, providing a fully wired environment complete with high-speed internet access and video and music on demand. A sophisticated security system will provide controlled access to the residents’ building and individual suites.
Residents will have all their neighbourhood conveniences at their doorstep. When fully developed, the area will include restaurants and a complete range of convenience, commercial and retail facilities.

"Monarch’s investment in Waterview makes complete business sense. Our company has solid experience in highrise waterfront development, especially around the water. This is our third waterfront project in Toronto. We are in a strong financial position to develop a project of this magnitude over a long-term period, and we have an exceptional reputation in the home-building industry," said Brian Johnston, President, Monarch Construction Limited.

"Waterview offers a beautiful setting and is a magnificent site in Toronto which commands panoramic views of both Lake Ontario and downtown Toronto," he added.

Other Monarch waterfront projects include Queen’s Harbour at 600 Queens Quay and The Aqua on the Queens Quay, currently under construction.

A 3,500 sq. ft. sales office will open on site April 21/01. Two model suites will be added in early June 2001. Located at 2115 Lakeshore Boulevard West, office hours are Monday to Thursday noon to 6 p.m. and weekends from noon to 5 p.m. For more information call (416) 495-3544 or visit www. monarchgroup.net.

About Monarch Construction Limited
One of Canada’s oldest real estate companies, Monarch is a diversified real estate company whose major focus is new home construction and residential land development in Ontario. Founded in Toronto in 1917, Monarch is a member of the Taylor Woodrow Group, a U.K.- based organization engaged internationally in housing, property development and construction.

VALU-NET NAMES JASBINDER S. MANN, CHIEF FINANCIAL OFFICER

TORONTO, ON - April 18, 2001
Valu-net Corporation (CDNX:VNE) today announced the appointment of Jasbinder S. Mann to chief financial officer. Mann is currently CFO of Valu-net subsidiary, Computer Discount Depot, a position he has held since the company was founded in 1999.

Mann is a Certified General Accountant (Canada), an associate member of the Institute of Chartered Accountants (India) and has achieved his bachelor of laws (India). He brings 20 years of corporate finance, international business and management experience to Valu-net. As CFO, Mann will be responsible for all corporate finance activities and accounting functions,
including projections, rationalization of existing business units and assessment of new business development. He replaces Gavin G. Lange who joined the company as interim CFO last year. After guiding Valu-net through a critical period of restructuring, Lange has returned to his private practice.

"Jas is an experienced professional who is familiar with Valu-net and its subsidiaries having created and implemented financial protocols for CDD," said Nick Cirella, chief executive officer of Valu-net. "His rational approach toward problem solving, strong analytical skills and attention to detail will be invaluable as we continue to grow the business. I am pleased to welcome him to the team. I would also like to thank Gavin for his commitment and guidance in leading the company through some critical turning points. He has played a very important role in re-positioning Valu-net."

Mann brings a comprehensive knowledge of financial practices in a number of industry sectors ranging from engineering to electronics to high tech. He has held senior corporate finance positions with both privately-held and publicly-traded companies.

"I have spent a great deal of time over the past few months working with Gavin to assess and rationalize the company's assets and overall operations," said Mann. "Now that Valu-net has successfully turned its focus to a more aggressive profit model, I am enthusiastic about the opportunities that lie ahead."

This appointment is subject to the approval of the Canadian Venture Exchange.

About Valu-net
Founded in 1995, Valu-net Corporation provides customers with a wide range of technology, both hardware and software, to better enable the establishment of e-businesses. Valu-net provides key business functionality and defined solutions, such as secure credit card transaction processing, as well as the development of custom e-business solutions for corporations seeking to serve their customers better and more cost effectively using an Internet business model. Valu-net is in the process of completing the acquisition of Encore Asset Services Inc., a private company that has become a valued service partner to some of the world's leading leasing companies and computer manufacturers. Encore offers timely, accurate and cost-effective tracking, maintenance and management of entire high tech inventories. Learn more about Encore at http://www.easi2000.com or visit Valu-net at http://www.vncorp.com.

The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

DEBTOR CONSULTING SERVICES INC. APPOINTS THE COMMUNICATIONS GROUP INC. AS ITS FIRST PR FIRM

TORONTO, ON - April 19, 2001
Toronto-based Debtor Consulting Services Inc. has named The Communications Group Inc., also of Toronto, as its public relations counsel of record.

Said Founder and President Frank Kisluk, "We serve as a starting gate through which debt problems are resolved. Our goal is to help clients resolve their current financial difficulties and regain control of their financial future. Whenever possible, we'll be able to avoid bankruptcy proceedings and restructure through negotiated settlements with creditors."

Kisluk (CA, CIP, Trustee in Bankruptcy) has over 32 years professional experience, the last 21 exclusively in the area of financial restructuring and insolvency services.

The firm's clients range from large corporations to small businesses and self-employed professionals.

"We retained The Communications Group because they understand how to represent a professional services practice. Our business continues in both good and tough economic times. Yet, every day stories appear on insolvency and bankruptcy issues where there is a need, we believe, for objective and independent comment from a professional in the business. We want to
be considered by the news media in that context and that's where we think TCG will help us mos