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ALUDRA INC. COMPLETES INITIAL PUBLIC OFFERING Toronto, Ontario - Aludra Inc. ("Aludra" or the "Corporation") is pleased to announce that it has completed its initial public offering. The Corporation, having filed a final prospectus in Ontario on August 9, 2000, has issued 1,000,000 units (the "Units") for gross proceeds of $1,000,000. Each Unit is comprised of one common share and one common share purchase warrant, each warrant entitles the holder thereof to purchase one additional common share of the Corporation at a price of $1.25 per common share at any time on or before 4:00p.m. (Toronto time) on September 14, 2001. The offering was distributed by Hayes Bustin Securities Inc. as the agent on a best effort basis. The current issued and outstanding capital of the Corporation is 10,300,000 common shares. About Aludra Aludra Inc. is a Toronto-based leader in e-business and new media solutions and is ranked among Canada’s Fastest Growing Companies as published by PROFIT, The magazine for Canadian Entrepreneurs. Aludra’s integrated software and services delivers greater flexibility, rapid implementation, scalability and lower cost of ownership that enable customers to exploit the power of E-business. The company is well known for its award-winning multimedia creativity, digital animation, flexible programming technology and its flagship product Aludra Suite Version 1.1. This modular suite of integrated, Web-based products enhances information access, provides transaction tools, data hosting and fully integrated front/back-office customer relationship management. Aludra combines this module suite with implementation services and strategic alliances to enable client companies to establish sustainable e-businesses in the fast-growing Internet marketplace. For more information about the company, please visit Aludra’s Web site at www.aludra.com. Corporate information: 1 Woodborough Ave., 2nd floor Toronto, ON M6M 5A1 Tel: (416)658-0034 ext.101 Fax: (416)658-0335 Toll: 1(888)552-5837 E-mail: Peter Modir [peterm@aludra.com] Investor Relations: Del Capital Communications Inc. Tel: 416.656.7640 ext.114 Fax: 416.658.0335 Toll: 1.888.552.5837 E-mail: Vince Balatbat aludra.com | ||||||||||||
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