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Aludra Inc. (YAD.V) - Aludra Inc. Announces Its Common Shares Approved For Trading On Tier 3 Of The Canadian Venture Exchange
Toronto, Ontario
Aludra Inc. (``Aludra'' or the ``Corporation'') (CDNX: YAD) is pleased to announce that the Canadian Venture Exchange (``CDNX'') has approved trading of the common shares of the Corporation on Tier 3. Trading on the CDNX system under the symbol ``YAD'' will commence November 6, 2000.
Over the last three years, Aludra has expanded its business from software to Internet e-commerce services. With a growing base of Fortune 2000 clients, Aludra has successfully licensed its products in over 20 countries. Prominent clients include: TD Waterhouse, GE Capital, Nissan, CIBC, Tridel and the Toronto Maple Leafs.

Aldo Baiocchi, President and CEO of Aludra commented, ``We are very pleased to become a listed company on the Canadian Venture Exchange. Trading on the CDNX will help expand our access to investors by creating market visibility of our shares, facilitating stock liquidity and increasing our profile with potential strategic partners. Our goal is to aggressively market our modular e-Business model, develop strategic business-to-business relationships with key industry players, broaden our market presence, increase revenues and strengthen our balance sheet, so that additional opportunities may be considered.''

Aludra Inc. is a Toronto-based technology and imagination solutions company that is ranked among one of Canada's Fastest Growing Start-ups as published by PROFIT, The Magazine for Canadian Entrepreneurs (Sept. 2000 issue). As an e-Business full service provider, Aludra delivers innovative services using new and emerging technologies to a growing corporate client base. Focused on the development of proprietary technologies through its research and development efforts, Aludra is well known for its multimedia creativity, digital animation, flexible programming technology and its flagship product, Aludra Suite, version 1.1. Specifically designed to reduce cost of outsourcing and deliver competitive advantage, this modular suite of integrated, Web-based products provides transaction tools, data hosting and fully integrated front/back-office customer relationship management. Aludra combines this modular offering with implementation services and strategic alliances to enable client companies to establish sustainable e-Business in the fast-growing Internet marketplace.

The Corporation cleared a prospectus with the Ontario Securities Commission in August, 2000 which enabled the Corporation to become a reporting issuer in the Province of Ontario.

Issued and Outstanding Common Shares: 10,300,000

For further corporate information, please refer to Aludra's corporate Web site, http://www.aludra.com or contact Aldo Baiocchi, President at [phone] or Investor Relations at [phone], ext. 114.

The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release

SOURCE: Aludra Inc.