Canada NewsWire, Monday, December 2nd, 2002.

Edeal Services Corp. (www.edeal.com), a leading North American provider of electronic procurement and variable pricing software services, announced today it has closed Cdn $3.3M in first round financing from J. L. Albright Venture Partners.

Colin Webster, president and CEO of Edeal said, "We are delighted to have Albright Ventures as both an investor and long term strategic partner as we continue to accelerate our growth in both electronic procurement and variable pricing software services."

"Our e-procurement software solutions ensure that our customers receive the maximum savings when procuring goods and services. We have continued our growth in our variable pricing services with the recent addition of numerous North American customers," Webster continued.

Rick Segal, a partner at Albright Ventures said, "We believe automation in the procurement space as well as continuing growth in the variable pricing offerings gives Edeal a tremendous opportunity to rapidly gain market share and expand its already impressive customer base. We are convinced Edeal has superior technology, top-notch talent and an experienced management team. We are excited to be involved and support the company's continuing momentum."

About J. L. Albright Venture 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 Edeal Services Corp.
Edeal is a world leader in electronic procurement and dynamic pricing e-marketplaces. Edeal's online products are designed for purchasing departments of all sizes, promotions, liquidation, charity events, and other private label auctions. For further information please contact sales at 1-866-840-8134 or visit www.edeal.com