World Wise to Raise up to $500,000 Privately

CDNX SYMBOL:YWW

Shares outstanding: 36,505,385

Web site: www.worldwise.ca



Apr 17, 2001, 01:00 ET from World Wise Technologies Inc.

    MISSISSAUGA, ON, April 17 /PRNewswire/ - World Wise Technologies Inc.
 ("World Wise") today announced it has entered into private placement
 agreements with arms length investors for the sale of units for a total
 investment of a minimum of $250,000 to a maximum of $500,000.
     The investors have agreed to purchase a total of a minimum of 1.25
 million units to a maximum of 2.5 million units at a price of 20 cents per
 unit. Each unit consists of one common share and one half common share
 purchase warrant. One common share purchase warrant plus 30 cents will allow
 the holder to purchase one additional common share of the company. The common
 share purchase warrants shall expire 24 months from the closing date. The
 closing date shall be on or before May 11, 2001. Closing is subject to
 regulatory approval, the completion of due diligence and formal approval by
 the board of directors of World Wise.
     The funds will be used to finance marketing activities and general
 corporate purposes.
     World Wise Technologies Inc. provides productivity solutions to
 industrial and manufacturing companies in the areas of Totally Integrated
 Manufacturing, Distribution, and Business Intelligence Systems. World Wise
 utilizes proprietary technologies to supply advanced manufacturing,
 distribution and communication technologies, and state of the art management
 reporting software for the purposes of achieving optimal operational
 efficiency and effectiveness for its clients.
     The Canadian Venture Exchange has not reviewed and does not accept
 responsibility for the adequacy or accuracy of this release.
 
 

SOURCE World Wise Technologies Inc.
    MISSISSAUGA, ON, April 17 /PRNewswire/ - World Wise Technologies Inc.
 ("World Wise") today announced it has entered into private placement
 agreements with arms length investors for the sale of units for a total
 investment of a minimum of $250,000 to a maximum of $500,000.
     The investors have agreed to purchase a total of a minimum of 1.25
 million units to a maximum of 2.5 million units at a price of 20 cents per
 unit. Each unit consists of one common share and one half common share
 purchase warrant. One common share purchase warrant plus 30 cents will allow
 the holder to purchase one additional common share of the company. The common
 share purchase warrants shall expire 24 months from the closing date. The
 closing date shall be on or before May 11, 2001. Closing is subject to
 regulatory approval, the completion of due diligence and formal approval by
 the board of directors of World Wise.
     The funds will be used to finance marketing activities and general
 corporate purposes.
     World Wise Technologies Inc. provides productivity solutions to
 industrial and manufacturing companies in the areas of Totally Integrated
 Manufacturing, Distribution, and Business Intelligence Systems. World Wise
 utilizes proprietary technologies to supply advanced manufacturing,
 distribution and communication technologies, and state of the art management
 reporting software for the purposes of achieving optimal operational
 efficiency and effectiveness for its clients.
     The Canadian Venture Exchange has not reviewed and does not accept
 responsibility for the adequacy or accuracy of this release.
 
 SOURCE World Wise Technologies Inc.