Electric Mail Announces Private Placement

Apr 19, 2001, 01:00 ET from The Electric Mail Company Inc.

    BURNABY, BC, April 19 /PRNewswire/ - The Electric Mail Company Inc.
 (CDNX:ELE) ("The Electric Mail Company"), an application service provider
 specializing in outsourced email and messaging, today announced that subject
 to regulatory approval, it has arranged a non-brokered $300,000.75 private
 placement of common shares. The private placement will involve the issuance of
 1.4 million shares at a price of $0.21 per share. The Electric Mail Company
 will use the proceeds of the private placement to fund continued execution of
 the business plan. 35% of the issued shares will be subject to a voluntary
 hold of one year, expiring April 17, 2002, while the remaining shares will be
 subject to a four-month hold period expiring August 18, 2001.
 
     About The Electric Mail Company Inc.
     As an Application Services Provider ("ASP"), The Electric Mail Company
 Inc. (CDNX:ELE) specializes in outsourcing integrated messaging, email and
 complementary Internet communication services and support. Within its core
 messaging offerings the company provides virus scanning, message filtering and
 unified messaging. Providing robust and feature-rich solutions directly to
 business since 1994, The Electric Mail Company has evolved its award-winning
 offerings into a comprehensive portfolio of services to be sold in partnership
 with wireless industry participants, ASP aggregators, telco's, Competitive
 Local Exchange Carriers (CLECs), consulting firms and web-hosting and
 management companies. The Electric Mail Company's industry partners include
 AT&T Corp., Lotus, and Novell. For more information visit www.electricmail.com
 
     The Canadian Venture Exchange has not reviewed and does not accept
 responsibility for the adequacy or accuracy of this release.
 
 

SOURCE The Electric Mail Company Inc.
    BURNABY, BC, April 19 /PRNewswire/ - The Electric Mail Company Inc.
 (CDNX:ELE) ("The Electric Mail Company"), an application service provider
 specializing in outsourced email and messaging, today announced that subject
 to regulatory approval, it has arranged a non-brokered $300,000.75 private
 placement of common shares. The private placement will involve the issuance of
 1.4 million shares at a price of $0.21 per share. The Electric Mail Company
 will use the proceeds of the private placement to fund continued execution of
 the business plan. 35% of the issued shares will be subject to a voluntary
 hold of one year, expiring April 17, 2002, while the remaining shares will be
 subject to a four-month hold period expiring August 18, 2001.
 
     About The Electric Mail Company Inc.
     As an Application Services Provider ("ASP"), The Electric Mail Company
 Inc. (CDNX:ELE) specializes in outsourcing integrated messaging, email and
 complementary Internet communication services and support. Within its core
 messaging offerings the company provides virus scanning, message filtering and
 unified messaging. Providing robust and feature-rich solutions directly to
 business since 1994, The Electric Mail Company has evolved its award-winning
 offerings into a comprehensive portfolio of services to be sold in partnership
 with wireless industry participants, ASP aggregators, telco's, Competitive
 Local Exchange Carriers (CLECs), consulting firms and web-hosting and
 management companies. The Electric Mail Company's industry partners include
 AT&T Corp., Lotus, and Novell. For more information visit www.electricmail.com
 
     The Canadian Venture Exchange has not reviewed and does not accept
 responsibility for the adequacy or accuracy of this release.
 
 SOURCE The Electric Mail Company Inc.