Effective at the opening on Thursday, March 8, 2001, the common shares of cs-live will commence trading on the CDNX under the symbol YCZ. cs-live is classified as a technology company.

cs-live submitted an application to be quoted on the Canadian Dealing Network (CDN) prior to the September 1, 2000 deadline and as a result was eligible upon acceptance, for a Tier 3 listing on the CDNX. As a CDNX Tier 3 issuer, cs-live will be required to comply with all CDNX ongoing requirements applicable to Tier 2 issuers and will be required to meet CDNX Tier 2 maintenance requirements.

cs-live currently has an authorized capital consisting of an unlimited amount of common shares and an unlimited number of preferred shares, of which 6,899,362 common shares are issued and outstanding. cs-live also has outstanding options and warrants to acquire up to 2,416,837 common shares.

On February 23, 2001, cs-live completed a private placement of convertible debentures (the "Debentures") having a principle value of $350,000. The Debentures have a two-year term and bear interest at a rate of 20% p.a., payable annually, in arrears. The Debentures are secured by a general security agreement over all of the assets of cs-live. At the option of the holder, the Debentures can be converted, in whole or in part, into common shares of cs-live at a conversion price equal to the greater of: $1.00 and the twenty-day weighted average closing price of cs-live’s common shares on the CDNX. The Debentures can be repurchased by cs-live on 10 days’ prior notice.

Purchasers of the Debentures also receive one Class A Purchase Warrant and one Class B Purchase Warrant for each $2.00 of Debentures purchased. Each Class A Purchase Warrant entitles the holder to acquire one common share of cs-live for a period of 24 months at an exercise price of $1.00 or if cs-live completes an offering of securities raising at least $500,000 during the 12-month period following the closing of the Debenture offering, the exercise price shall be the per share offering price of the subsequent offering. Each Class B Purchase Warrant entitles the holder to acquire one common share of cs-live for a period of 24 months at an exercise price of $2.00. In order to exercise a Class B Purchase Warrant, a holder must also exercise an equivalent number of Class A Purchase Warrants. The total number of options and warrants listed above includes the Class A and Class B Warrants issued as part of the Debenture offering.

Two shareholders of cs-live converted prior shareholders’ loans totalling in the aggregate $127,500 into Debentures having a principle value of $127,500. The shareholders were not issued any Class A or Class B Purchase Warrants.

An investment in the common shares of cs-live should be considered speculative due to certain risk factors: the competition faced by cs-live, the limited operating history of cs-live, the dependence of cs-live on proprietary technology, intellectual property and key personnel and thelikely need for additional financing. There is no assurance of market acceptance of the products and services developed and provided by cs-live.

On August 30, 2000, cs-live.com inc., a private corporation incorporated pursuant to the Ontario Business Corporations Act and ADR Explorations Ltd., a corporation incorporated pursuant to the Ontario Business Corporations Act and a reporting issuer under the Securities Act (Ontario), were amalgamated and continued as a new corporation governed by the Ontario Business Corporations Act under the name "cs-live.com inc." and a reporting issuer under the Securities Act (Ontario). For further information, please refer to the joint management proxy circular of cs-live.com inc. and ADR Explorations Ltd. dated June 28, 2000 which can be obtained at http://www.sedar.com/.

The current directors of cs-live consist of:
John Roberts;
Kasra Meshkin;
Brian Penney;
Manfred Leventhal;
Edward Karpovits;
Deborah Sterling; and
   

The current officers of cs-live consist of:
   John Roberts - President and Chief Executive Officer;
   Edward Karpovits - Chief Technology Officer;
   Lynn Rae - Acting Chief Financial Officer;
   Ina Livshits - Corporate Secretary; and
   Curtis Coates - Vice President of Marketing and Business Development.

To the best knowledge of cs-live, the only shareholder holding greater than 10% of the issued and outstanding common shares of cs-live is Edward Karpovits.

Financial information regarding cs-live may be obtained at http://www.sedar.com/.

cs-live is a technology-focused software development company located in Ottawa, Ontario, providing real-time communications using the Internet as the delivery medium. cs-live technology enables companies with a web presence to maximize the effectiveness of the Internet with applications that provide enhanced real-time communications over the web, including live chat and audio, video and graphic data transfer. cs-live’s first product, introduced in September, 2000, focuses on electronic customer relationship management, and future applications include products for e-learning, active marketing, interactive on-line surveys, and instant messaging on wireless devices.

The CDNX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.