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Gold/Mining/Energy : Newsys Solutions Inc A. NSS -- Ignore unavailable to you. Want to Upgrade?

To: reg who wrote (102)	2/29/2000 9:06:00 PM
From: BM	Respond to of 111

Another brick in place as part of NSS' evolution into a major player. The news of NSS acquiring a B2B portal is still relatively unknown in the Ottawa area. I have seen no mention in the Ottawa Citizen - but then the Citizen has been busy pumping its own Ottawa.com site, so perhaps not surprising. With the acquisition now closed, perhaps we'll see a little hoopla. Next ? - TSE listing.

To: reg who wrote (102)	3/1/2000 8:35:00 AM
From: BM	Respond to of 111

Yorkton on board, financing, TSE listing Recalling Quigg's outline for plans for TSE at the last AGM, he mentioned that there was a requirement for a certain level of capitalization. I expect that this is related to that or acquisitions, as Quigg was quite clear that Newsys did not have a need for cash for operations. But then cash might be required to opening another office somewhere. Adding Yorkton should increase Newsys' visibility significantly. - - - - - - NewSys Announces Financing By Yorkton OTTAWA, ONTARIO-- March 1, 2000 $6,875,000 Special Warrant Offering NewSys Solutions Inc. ("NewSys") announces that Yorkton Securities Inc. ("Yorkton") has agreed to act as agent in connection with a private placement of 2,500,000 special warrants of NewSys (the "Special Warrants") at a price of $2.75 per Special Warrant for gross proceeds of $6,875,000 (the "Financing"). Each Special Warrant shall entitle the holder thereof to acquire Units at no additional cost. Each Unit shall comprise one common share and one-half share purchase warrant ("Warrant"). Two Warrants plus $3.75 will entitle the holder to acquire one common share on or before twelve (12) months from the Closing Date. "This financing is a powerful testament to the strength of NewSys' business model, the execution ability of our management team and our vision to build a world class e-business company," said Mark Quigg, CEO of NewSys. Yorkton's remuneration will include an agent's option to acquire 10% of the number of Special Warrants sold, at a price of $2.75 per Special Warrant (the "Agent's Compensation Options"). NewSys and Yorkton expect the financing to close on or about March 15, 2000 and NewSys has committed to file a prospectus in certain jurisdictions for the purpose of qualifying the Common Shares issuable upon exercise of the Special Warrants within 120 days of the closing date. In the event NewSys fails to obtain a receipt for a prospectus qualifying the Common Shares issuable upon exercise of the Special Warrants within 120 days of the closing date, each holder of Special Warrants will be entitled to receive 1.1 Common Shares and 1.1 Warrant for no additional consideration for each Special Warrant held. The completion of the Financing is subject to regulatory approval. NewSys intends to utilize the additional capital raised pursuant to the Financing for operations and to review, pursue and complete strategic acquisitions. Subsequent to the completed Financing, NewSys will have 17.5 million shares outstanding and fully diluted. NewSys is an established IT-services company that delivers forward-looking solutions in business intelligence, systems integration and application management -and complements those solutions with a variety of customized software products. With a team of over 170 IT professionals, NewSys' clients include Fortune 500 corporations and government departments located in both Canada and the United States. The Company has recorded 26 consecutive quarters of growth and profitability and was acknowledged by Profit Magazine, for the third consecutive year, as one of the fastest growing companies in Canada. For more information on NewSys' software and services, please contact the Company's web site at www.NewSys.com or telephone (877) 761-9436. -30- FOR FURTHER INFORMATION PLEASE CONTACT: For investor relations Attention: Tony Croll Linear Capital Corp. (416) 364-2266 tony@linearcapital.com www.linearcapital.com or For NewSys Solutions Inc. Sara Piracha (877) 761-9436 sara.piracha@NewSys.com www.NewSys.com