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Non-Tech : I-transaction.net OTC:BB ITNI

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To: Jim Bishop who wrote (24)	2/10/2000 10:28:00 PM
From: CIMA	Read Replies (1) of 64

Thursday February 10, 5:53 pm Eastern Time Company Press Release I-transaction.net Inc. Files Form 10-SB With The Securities And Exchange Commission TORONTO--(BUSINESS WIRE)--Feb. 10, 2000-- (OTC Bulletin Board:ITNI - news) I-transaction.net Inc. (OTC BB:ITNI) is pleased to announce that it has filed its Form 10-SB along with three years audited financials to comply with the new Eligibility Rule required by the National Association of Securities Dealers (NASD) for OTC Bulletin Board companies. The ITNI symbol will be appended with an ''E'' temporarily until the registration statement is declared effective. ''This is a top priority for the company and our lawyers and accountants will be working diligently with the SEC to ensure all questions are answered immediately,'' says David Bruce, Director, ITNI. Subsequent to becoming effective, the company has plans to make a small cap Nasdaq application by the end of the year. The filings can be viewed at www.freeedgar.com ITNI develops and deploys business-to-business and consumer-to-business e-commerce solutions as well as offering electronic funds transfer, advertising, marketing and database support. The website is located at www.i-transaction.net The statements contained in this release which are not historical facts contain forward-looking information with respect to plans, projections or future performance of the company; the occurrence of which involves certain risks and uncertainties that could cause the company's actual results to differ materially from expected results. Such risks include the timing of implementation and the scope and success of the program described here. -------------------------------------------------------------------------------- Contact: Chase Equity Group 416/864-0808, 1-877-847-7719

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