Canada NewsWire, Friday, May 24th, 2002.

Matrikon Inc. (TSX: MTK) has been named to Profit Magazine's 2002 PROFIT 100, the authoritative ranking of Canada's Fastest-Growing Companies. Rankings are based on five-year revenue growth from 1996-2001.

Matrikon achieved revenue growth of 918 per cent over the five-year period, placing the company at 76 on the list. This is Matrikon's fourth consecutive year on the Profit 100.

“To sustain growth through some of the most challenging times in recent history is a significant accomplishment - one that we're very proud of,” stated Nizar J. Somji, Matrikon president and CEO. “We have transitioned to a product-focused company and established our position of technology leadership with our proprietary technology. We believe this technology will drive our sustained growth.”

Matrikon's employee base grew over 1,700 per cent in the same five-year period, from 16 in 1996 to 294 in 2001. Earnings in the same five-year period grew 2,000%.