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Gold/Mining/Energy : Ezenet Corp. (EZE- ASE)

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To: RenT Asselin who wrote (60)2/23/2000 9:06:00 PM
From: sPD  Read Replies (1) of 90
 
Changing of the guard at Ezenet ... perhaps time for some interesting announcements to launch the rejuvenated executive.

Kasra Meshkin appointed president of EZENET Corp.

TRADING FLOAT: 2 million shares TSE Symbol - EZE

ISSUED SHARES: 7.46 million shares CUSIP No. 655416 10 5

TORONTO, Feb. 23 /CNW/ - Haron Ezer, CEO and Chairman of the Board of
EZENET Corp. (EZENET), is pleased to announce the appointment of Kasra
Meshkin, to President and Chief Operating Officer. Kasra Meshkin assumes the
role of President from Haron Ezer who will remain CEO and chairman of the
board.

Kasra Meshkin, 33, formerly the Vice President of Research and
Development of Ezenet has been in charge of all technology and software
development for the last 10 years. Kasra Meshkin is a major shareholder of the
company and director.

"This is an exciting day for me, for Kasra, for Ezenet employees, and
Ezenet shareholders. Kasra has been with the company for ten years and knows
all aspects of our business," stated Haron Ezer. "Kasra is a highly recognized
expert in software architecture, computer networks, security, communications,
and other technologies, which has positioned Ezenet as a leader in its field.
Kasra will spearhead the future growth and expansion of the company, and I
have great confidence in his capabilities with which to do it."

Haron Ezer founded Ezenet, formerly known as Ezer & Associates over
twenty years ago and has built up the company to its current value. Haron Ezer
has lead Ezenet to its current position and has directed the development of
all products and services throughout the company's history.

"I am honoured to fulfill this opportunity and very excited about the
future of our company," stated Kasra Meshkin. "EZENET has always remained at
the forefront of technology and the company will continue on its fast growth
track, capitalizing on our substantial technology resources. I plan to lead
EZENET to a global presence as a leading developer of technological solutions
and software development for the Financial and Internet markets across
Internet and wireless communications."

As part of this re-organization, Gordon Ramer will be retiring from his
position as Vice President effective February 29, 2000. Gordon Ramer has been
with Ezenet since 1984, and has been key in the development of Ezenet's
current products and services. Gordon Ramer will continue to contribute to the
Company in a consulting role and will remain on the Board of Directors of
Ezenet Corp.

About Ezenet Corp.

Ezenet Corp. (CDNX: EZE) is a leader in developing high-tech and internet
software solutions in today's technological and e-commerce market. EZENET has
created, developed, and managed a variety of software titles, hardware
support, and Internet capabilities which provide high-tech solutions to banks,
trust companies, insurance companies, and the consumer market. Ezenet's
software expertise allowed for the development of "INSTAbase Web-Ready", a
unique, powerful, yet simple software program that allows users to quickly
create databases of their own design and to publish their databases to the Web
without programming. Further information is available through Ezenet's
corporate web site at www.ezenet.com.

The Canadian Venture Exchange has neither approved nor disapproved the
information contained herein. This Media Release may contain forward-looking
statements which reflect the Corporation's current expectations regarding
future events. The forward-looking statements involve risks and uncertainties.
Actual events could differ from those projected herein and depend on a number
of factors including the success of the Corporation's sales strategies.

For further information: Terry Rogers, CFO, Ezenet Corp., Phone:
(416) 482-3037, Fax (416) 482-0707, E-Mail - terry@ezenet.com, Internet -
www.ezenet.com; For Investor Relations information contact: Gary Perkins,
Phone: (905) 889-1711, Toll Free 1-800-225-2744, Fax: (905) 889-2511, E-Mail -
investorrelations@ezenet.com
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