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Gold/Mining/Energy : eDispatch.com EWD.V (formerly Instep Mobile) -- Ignore unavailable to you. Want to Upgrade?

To: Lalit Jain who wrote (14)	4/3/1998 12:01:00 AM
From: Lalit Jain	Read Replies (1) \| Respond to of 289

INSTEP MOBILE COMMUNICATIONS INC. ANNOUNCES FUNDS RAISED FOR ''eDISPATCH'' - WIRELESS INTERNET DISPATCHING SERVICE VANCOUVER, April 2 /CNW/ - Subject to regulatory approval, the Company has agreed to sell by way of a non-brokered private placement a total of 1,071,429 units of the Company at a price of $0.70 per unit. Each unit consists of one common share and one non-transferable share purchase warrant entitling the holder to subscribe for one additional share at a price of $0.80 per share for a term of 12 months. A cash finder's fee equal to 7% ($52,500) of the gross proceeds is payable to Northfield Capital Corporation. The subscription proceeds of $750,000 will be used to finance the Company's participation, in collaboration with BC TEL Mobility, Mitsubishi Wireless Communications Inc, and Samsung Telecommunications, in the ''eDispatch - Proof of Concept'' program. (see press release ''InStep and BC TEL Mobility Join Forces to Test Market a New Service'' dated March 17, 1998) InStep Mobile Communications Inc. develops real time wireless dispatch solutions for taxi, courier, and field service applications around the world with installations in Canada, USA, Mexico, Guatemala, Europe and Asia. The company is listed on the Vancouver Stock Exchange (symbol: ISB). The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. -30- For further information: Mary Touhey, (604) 320-2100, Fax (604) 320-2101, info@instepmobile.com