NSBI congratulates SolutionInc Ltd.

Jul 17, 2002

HALIFAX - Stephen Lund, president and CEO of Nova Scotia Business Inc., today extended congratulations to SolutionInc Technologies Ltd. (TSX-V: STL) and SolutionInc Ltd. of Halifax, its wholly owned subsidiary, on approval of the reverse take-over transaction by the Toronto Venture Exchange. This transaction provided new investment funds for the Halifax-based company.

SolutionInc is growing its international presence quickly, and now has over 150 commercial product installations in 26 countries around the world,  said Lund. Its leading-edge technologies, combined with the strategic partnerships it has established, have positioned it as an international IT player. I congratulate management and staff on their success and look forward to hearing more great stories about them in the future.

The Halifax-based software company recently received financing from Nova Scotia Business Inc. to expand its technology into new markets. The investment reflects the business development agency's focus on the IT sector, one of the province's key growth areas.

SolutionInc will use Nova Scotia Business Inc.'s $350,000 loan with other funding to further market its plug n play server software product line. The technology enables Internet access and streaming video in areas such as hotels, apartment buildings, offices, and public access spaces.

With its head office in Halifax and sales representation in the United States, SolutionInc has an established network of commercial partners and resellers throughout North America and around the world.

Nova Scotia Business Inc. is a private sector-led agency that works to expand business activity in the province by promoting the province's advantages and helping existing businesses grow through export development and financing.

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Mel Rusinak
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