Canada NewsWire, Tuesday, December 7th, 2004.

J.L. Albright Venture Partners announced today that one of its managed funds, J.L. Albright III Venture Fund, has acquired 4,081,446 Common Shares of publicly traded NUVO Network Management Inc. (“NUVO”), representing approximately 2.3% of the issued and outstanding Common Shares of NUVO. The Common Shares were purchased through the TSX Venture Exchange on which NUVO is listed under the symbol NNM-VN. Harris Partners Limited acted as agent for J.L. Albright III Venture Fund.  J.L. Albright III Venture Fund previously acquired 16,295,000 Common Shares and warrants to acquire an additional 8,147,500 Common Shares of NUVO pursuant to a larger private placement of Common Shares and warrants by NUVO that closed on December 2, 2004 raising gross proceeds of approximately Cdn.$6,000,000 (the “Private Placement”). J.L. Albright III Venture Fund announced its participation in the Private Placement on December 3, 2004.
As a result of today’s purchase of Common Shares, J.L. Albright III Venture Fund now owns and controls an aggregate of 28,523,946 Common Shares (including securities convertible into Common Shares), representing approximately 16.3% of the issued and outstanding Common Shares of NUVO. An early warning report will be filed with the applicable securities regulatory authorities. A copy of such report may be obtained from Carla Aguiar by contacting J.L. Albright Venture Partners at the address below. The purpose of J.L. Albright III Venture Fund’s latest acquisition of NUVO Common Shares is for investment purposes. J.L. Albright III Venture Fund intends to purchase additional Common Shares of NUVO on the TSX Venture Exchange or through private transactions, subject to market conditions and other appropriate factors as well as applicable securities laws. At the current time, however, J.L. Albright III Venture Fund does not intend to acquire more than up to a 20% interest in NUVO. NUVO is a leading services provider of remote solutions for management and protection of IT infrastructure for businesses worldwide. NUVO’s main office is located at 2650 Queensview Drive, Ottawa, Ontario, K2B 8H6. NUVO’s web site is located at www.nuvo.com.

J.L. Albright Venture Partners invests primarily in emerging Internet, E-Commerce, Networking and Software companies with exceptional prospects for growth, superior technology, and a sustainable competitive advantage. They select businesses that possess strong fundamentals, superior products and/or services. J.L. Albright’s partners understand the challenges faced by emerging companies, as they strive to grow and compete in the global market. They partner with investee companies and work alongside management providing the strategic and financial resources needed to help management's vision become a reality. J.L. Albright does not seek control, but rather seeks to make a significant contribution in areas tha t are essential to instilling, maintaining, and managing dynamic growth. Involvement is predicated on strong working relationships with company principals and management, mutually shared objectives and a thorough working knowledge of the business.