TORONTO, Jan 12 1997, --- EZENET INC. ANNOUNCES that effective January 12, 1997, all of the operations of Ezer and Associates Ltd. and Ezer Data Systems Ltd. will be amalgamated with the operations of EZENET INC. The new company will continue to be known as EZENET INC. As contracts for services come up for renewal, they will be completed in the name of EZENET INC. The Ezer group of companies have grown and in anticipation of further expansion, we feel our clients will benefit from the higher profile that the new company intents to promote.

EZENET INC. will be taking a more aggressive approach in the market and we expect to have our Financial and Internet products more widely known and used in the future. We want to thank all of our clients for their loyalty and continuing commitment to the Ezer organization. You are our most important concern and that focus will remain the cornerstone of our corporate policy.BREAKTHROUGH IN INTERNET DATABASE SEARCH CAPABILITY.

About EZENET...

EZENET has a commitment to Research and Development and with a substantial annual budget plans to continue to develop applications for the Internet access of its clients and improving the efficiency and productivity of our financial institution clients.

EZENET is engaged in providing computer software, data center outsourcing and high speed Internet communication services to the business community. Clients include Banks, Trust Companies, Mutual funds, Mortgage Investment managers and several others.

Incorporated in 1995, EZENET represents the consolidation of the operations of Ezer and Associates and several predecessor companies founded in 1978. The company first designed and programmed a mortgage fund portfolio management system. This software's flexibility, ease of use and competitive price led to new clients and new features. As these clients grew into full Trust Companies, the software was expanded to handle the full range of banking products. In addition to the software, the company introduced a comprehensive information technology outsourcing service which provided customers with hardware, software and maintenance service for all computer hardware and software needed by clients.

In 1994, the company completed several years of development work and introduced its complete financial management package, designed to run in UNIX on the IBM RISC 6000 family of computers. This software is capable of providing all the necessary programs and functionality needed in a full service financial institution at significant savings.

Today the company's client list includes The Bank of Montreal, Toronto Dominion Bank, First Marathon Securities, AGF Trust Company, Peoples Trust Company, Home Savings and Loan, London Trust Company, Midland Walwyn, Dynamic Mutual Funds, MRS Trust Company(division of Mackenzie Financial) and others. We provide all or part of their data processing needs and are constantly improving our products as technology advances.

As an Corporate Internet Access Provider and Site designer, we can assist our clients to create a Web presence and host their web page through our T1 access line. We have designed firewall security for our banking clients and are confident that it will meet or exceed anything on the market today.

EZENET has been formed to seamlessly integrate its financial software products with the customer service delivery product of the future, the Internet.