Canada NewsWire, Friday, December 3rd, 2004.

J.L. Albright Venture Partners announced today that one of its managed funds, J.L. Albright III Venture Fund, has acquired 16,295,000 Common Shares and warrants to
acquire an additional 8,147,500 Common Shares of publicly traded NUVO Network Management Inc. ("NUVO").  Aggregate consideration for the purchase of the Common Shares and warrants was Cdn.$2,770,150. The issuance of the Common Shares and warrants to J.L. Albright III Venture Fund was part of 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"). Each warrant
is exercisable at any time on or prior to June 2, 2006 for one Common Share of NUVO at a purchase price of Cdn.$0.22.

As a result of its purchase of Common Shares and warrants from NUVO pursuant to the Private Placement, J.L. Albright III Venture Fund now owns and controls an aggregate of 24,442,500 Common Shares (including securities convertible into Common Shares), representing 13.9% 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 participation in the Private Placement 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 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 is listed on the TSX Venture Exchange under the symbol NNM-VN. 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 that 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.