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Gold/Mining/Energy : Ballad Ent.;BDC.Vancouver
BDC 119.15-2.3%12:48 PM EST

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To: arizona_ice_tea who wrote ()1/8/2000 3:20:00 AM
From: Renato Pujatti  Read Replies (1) of 107
 
What you think about that? Any idea for buying or not?

BALLAD ENTERPRISES LTD.

Telephone (604) 682-7159
Fax (604) 669-5886
Toll Free-888-880-2288
CDNX Symbol: BDC
12g3-2(b) #82-4000
Standard & Poors' Listed
E-Mail: ballad@express.ca

January 7, 2000

BALLAD AND DATAPOWER
SETTLE MAJOR TERMS OF
OPTION AGREEMENT FOR
PURCHASE OF PRIVATE DELIVERY©

Private Delivery© Technology Provides Secure and Confidential Delivery
of Digital Documents and information via the Internet and its own
private network

Further to the previously announced Standstill Agreement Ballad and
DataPower USA Inc. are pleased to announce they have settled the
material terms of an option agreement for the purchase, by Ballad, of up
to a 70% equity interest in Private Delivery©. Private Delivery© has
been developed by Cybernet Express Company of San Diego. Private
Delivery© is a wide range of secure, fast, reliable, digital e-mail,
file delivery and storage services for potential world wide
applications. A legally binding option agreement has not been
concluded. Ballad and DataPower anticipate that a formal binding option
agreement will be concluded by Wednesday, January 12, 2000.

The settled terms include option payments over a three month period of
$125,000 US to acquire the up to 70% interest. The final purchase price
for the up to 70% of Private Delivery© is to be determined by an
independent valuator acceptable to the Canadian Venture Exchange.

BALLAD ENTERPRISES LTD.

Per: ?Anthony J. Beruschi?
Anthony J. Beruschi
President

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

Cya :-) Renato
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