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Strategies & Market Trends : PNDR - Pender International Inc.

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From: jmhollen3/19/2005 2:43:18 PM
   of 12
 
Pender International, Inc. Releases Update on $220 Million Real Estate Asset and Development Acquisition

TORONTO, Feb 15, 2005 (BUSINESS WIRE) -- Pender International Inc. (OTCBB: PNDR)
announced today its executive management had approved the terms of the
acquisition announced February 3 of this year. This approval was seen as a key
event towards the closing of the acquisition contemplated. Remaining legal due
diligence is expected to be completed by late next week at which point final
documents will be signed and the Merger would be effective.


As previously announced, the purchase will be made in a combined cash and
restricted stock transaction, with final terms to be released on the effective
date of the merger.

About Pender International Inc.

Pender International Inc., based in Markham, Ontario, operates as a merchant
bank for growth companies. Our objectives are to acquire undervalued small to
mid-sized advanced stage companies requiring strong management and capital to
bring their operations to profitability. For more information, please visit us
on the web at www.PenderInternationalInc.com.

SOURCE: Pender International Inc.
CONTACT: Pender International Inc.
Vic Dominelli, 905-882-0221
www.penderinternationalinc.com

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