CMXS - Cormax Busines Solutions, Inc. (fka CMXS)

[jmhollen]

Ingenuity Makes Take Over Offer for Cormax Business Solutions, Inc.

CALGARY, Alberta, Sept 12, 2002 (BUSINESS WIRE) -- Ingenuity Marketing (2000) Inc. (Ingenuity) has entered into an agreement with Cormax Business Solutions Inc. (OTCBB:CMXS) (Cormax) to take over Cormax.

According to the agreement, Ingenuity will acquire one million convertible preferred shares of Cormax, which is the controlling interest in Cormax. The agreement requires Ingenuity to complete the acquisition of Identification Technologies Inc (IDENTEX) www.identex.net for the benefit of the Cormax Shareholders, to deliver an underwriting commitment of $3,000,000 USD, and pledge to obtain $8,000,000 USD in gross sales of IDENTEX products and services within two years, by Oct. 31, 2002.

Identification Technologies Inc.

IDENTEX, located in Alberta, Canada, is a Registered Security Firm selling proprietary Asset Protection and Brand Authentication Products and Associated Services. Its current client list includes many Fortune 100 and 500 companies across Canada. IDENTEX currently operates from coast to coast, and has offices in British Columbia, Alberta, and Ontario.

IDENTEX is able to mark finished goods or pre-manufactured components of finished goods for identification. The client is then able to track its product or product components from point of manufacturing to final retail sale. This process can also be used to protect major brands, which are often counterfeited and sold through unwitting or "gray-market" retailers.

Through its patented portable scanning technology IDENTEX is able to prove ownership of any marked asset within seconds with 100% certainty. Through the proper implementation of its asset protection system a complete chain of evidence is formed that is acceptable to law courts throughout North America. While the Asset Protection system has been designed and proven as an effective theft and counterfeiting deterrence tool, some of IDENTEX's clients have effectively used the product to catch professional thieves in the process of theft on an international scale.

The IDENTEX Market

The Anti-Counterfeiting Coalition of Washington, D.C. has determined that the cost of counterfeit or stolen manufactured goods to North America manufacturers amounts to $300 billion US annually and that the worldwide problem exceeds $1 trillion US annually.

Employee theft is a major problem facing all mid- to large size companies. The US Department of Labor and Chamber of Commerce estimates that the average employer loses $500 US per employee per year to internal fraud. IDENTEX's clients report reductions in employee theft of between 50-85% within weeks of implementation of its products and services.

A major software producer stated in a recent article that stolen or fraudulently replicated software and packaging results in the loss of $12 billion US in retail sales. IDENTEX can solve problems like this with its asset marking products and proprietary scanning technology.

Ingenuity and IDENTEX

Ingenuity is a business-consulting firm that has worked with IDENTEX to redevelop its business plan. In addition, it has established a national agency network of security firms that are already providing security services to IDENTEX's target clients. IDENTEX is now positioned for rapid growth through this network.

Commenting on the takeover offer, Todd Violette, CEO of Cormax said: "Expanding Cormax's existing security business through the acquisition of IDENTEX is an outstanding opportunity. IDENTEX clients have recognized its products as an effective tool that not only deters and prevents theft and counterfeiting, but also generates a return on investment within months and in some cases weeks of implementation."

Cormax Business Solutions, Inc.

CONTACT: IDENTEX Identification Technologies Inc. Bob Jennens, 250/717-0471 [e-mail] www.identex.net or Ingenuity Marketing (2000) Peter Leeuwreke, 403/818-6147 [e-mail]

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