To: Joe Copia who wrote (23264 ) 8/21/2000 12:39:03 PM From: CIMA Respond to of 25711 ITNI - Monday August 21, 12:21 pm Eastern Time Press Release I-transaction.net Inc.'s Development Company eP@ss Canada Inc. Secures $2.3 Million Software Development Contract With Shoreline Entertainment Inc. TORONTO, ONTARIO--eP@ss Canada Inc. is pleased to announce today the awarding of a $2.3 million CND software development contract for Shoreline Entertainment Inc. The contract calls for the development of a completely integrated solution of all call center, customer service, Point of Sale [NasdaqNM:POSI - news] and accounting functions for Shoreline. eP@ss was chosen to develop the software after Shoreline evaluated solutions developed by Squirrel, Remanco, Silverware, NCR(NCR), Siebel Systems(SEBL), Act and Maximizer. With the contract for Shoreline, eP@ss now enters the lucrative Point of Sale market. ``We are very pleased to work with ITNI. Their understanding of our needs and their ability to bring leading-edge technology to the table makes ITNI stand out from the rest. With eP@ss, we can intimately get to know our clientele and ensure that each of their needs are met'', says Mr. Daniel Contongiannis, Director, Shoreline Entertainment Inc. Shoreline Entertainment Inc's principals have managed and maintained the Barrie Molson Center, Palladium, The Copa and RPM. Their experience over the last twenty years in successfully operating these large venues and knowing precisely what the entertainment industry requires will allow for their assistance in the development of completely integrated solutions from their website to complete management systems. Thomas J. Weisner, says ``The need for a completely integrated solution including wireless mobile made eP@ss stand out in Shoreline's selection process, because of its versatility and ease of integration. Phase 1 of this contract will be completed by the first quarter of 2001, with continued modification and enhancement to the base contract over the next 3 years.'' ITNI is a global leader in the development of advanced business software solutions. It currently supports products designed for the financial community, call centers, embedded products, and the Internet. The company exclusively owns both the eP@ss(tm) product line and eP@ss(tm) brand name. The eP@ss(tm) line of products are based on tight systems integration. The keystone of eP@ss(tm) begins with a simple user interface and convenient interaction between people and technology. ITNI's products and services originate in four basic areas: database management and mining, advanced communication technologies including delivery of Voice over IP (VOIP), rapid deployment of complex web sites and integrated instant messaging products. This Press Release contains forward-looking information, including but not limited to statements involving ITNI's plans, expectations and objectives. Actual results may be materially different than those anticipated in these forward-looking statements. Factors that could cause actual results to materially differ include known and unknown risks, including uncertainty of new product development, the risk that newly introduced products may contain undetected errors or defects or otherwise not perform as anticipated, early stage of development of the eP@ss products, the company's ability to predict accurately the demand for its products in these emerging markets and to develop strategies to address these markets successfully, the company's ability to manage its growth and changing business, the company's ability to successfully integrate the operations of eP@ss Canada, the retention of key technical and other personnel, risks associated with the financial leverage, currency and other risks related to international operations, rapid technological change and intense competition, as well as other risks set forth in ITNI's filings with the Securities and Exchange Commission. ITNI cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. ITNI expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in ITNI's expectations or any change in events, conditions or circumstance on which any such statement is based. All product names and trademarks mentioned herein are trademarks of ePass Canada Inc. or their respective owners. -------------------------------------------------------------------------------- Contact: ePass Canada Inc. www.epasscanada.com or Worldwide PR/IR: (416) 622-0547 or US Toll Free: 1 (800) 662-0194 or Sales Inquiries Americas: info@epasscanada.com or Corporate Communications: Joanne Broeders (416)620-8330 (416)352-5099