Dow Jones Newswire, Monday, May 9th, 2005.

Predixis Corporation announced that it has closed U.S. $3 million in equity financing from J. L. Albright Venture Partners. This funding will support and fuel the company's sales and marketing efforts and expansion into international markets.

Predixis’ MusicMagic provides unique music-matching technology which characterizes music based on psycho-acoustic attributes. MusicMagic enables consumers to generate collections and playlists instantly from artists, albums or songs they already know and prefer. The complex algorithms behind MusicMagic are already implemented in online music stores, desktop applications and embedded electronics.

“There’s more music today than ever; more mainstream, independent and world music available, on more devices in more places. It’s overwhelming for consumers to use and even to buy. Predixis MusicMagic enables better discovery and enjoyment of all types of music, from online purchase through to portable consumer devices.” said Dr. Matthew Dunn, CEO of Predixis Corp.

“We are delighted and fortunate to have Albright Ventures as both an investor and long term strategic partner,” added Dr. Dunn.

As a result of the financing, J.L. Albright Venture Partners’ Rick Segal will join the company’s board as Chairman.

About J.L. Albright Ventures Partners
Toronto-based J.L. Albright Venture Partners invests in emerging Internet, e-commerce, networking and software companies with exceptional prospects for growth, superior technology and a sustainable competitive advantage. For more information visit www.jlaventures.com

About Predixis
Predixis provides unique music-matching technology which defines relationships between pieces and sets of music, based on acoustic and psychoacoustic traits. MusicMagic’sTM technology creates value for music creators and distributors, music device manufacturers, and music consumers; Predixis adds value at every level of the digital music ecosystem.