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Gold/Mining/Energy : ACD Systems - imaging & messaging software -- Ignore unavailable to you. Want to Upgrade?

To: sPD who wrote (18)	2/21/2000 12:31:00 AM
From: sPD	Read Replies (1) \| Respond to of 32

Strong demand - financing increased February 3, 2000 ACD Systems International Inc. Corporate Update VICTORIA, BRITISH COLUMBIA--ACD Systems International Inc. (the "Corporation") is pleased to announce the increase of the size of the offering of Special Warrants (the "Offering") which was previously announced by press release dated February 2, 2000. The increase of the size of the Offering by 375,000 Special Warrants is due to strong market demand for the Offering and to cover over-allotments. The Corporation has engaged Octagon Capital Corporation and HSBC Securities (Canada) Inc. to complete the Offering. The Offering is now for a total of up to 1,875,000 Special Warrants at a price of $12.00 per Special Warrant for a maximum aggregate amount of $22,500,000. The specific terms of the Offering were originally announced by press release dated February 2, 2000. It is anticipated that the net proceeds of the Offering will be used by the Corporation for marketing initiatives, to fund research and development expenditures, to complete acquisitions that add strategic products and to further OEM partnering activities. The closing of the Offering is subject to regulatory approval, and the Corporation filing a formal application within 14 days of this press release. ACD Systems International Inc. (CDNX:ASA) designs, develops and markets leading edge Digital Imaging and Network Communications Technologies, including ACDSee and ACD Express, with over 15 million users of its software worldwide. The Corporation's website is located at www.acdsystems.com. -30- FOR FURTHER INFORMATION PLEASE CONTACT: ACD Systems International Inc. Martin Winstanley Vice President - Corporate Affairs (250) 382-5828 martin@acdsystems.com acdsystems.com THE CANADIAN VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE CONTENTS OF THIS PRESS RELEASE.