Cardigan Capital Corp. becomes Icron Systems Inc.

February 04 1999


Icron Systems Inc. (“Icron”), formerly Cardigan Capital Corp., is pleased to announce that the Alberta Stock Exchange has issued a bulletin dated Feb 2, 1999 stating that Icron has concluded its major transaction pursuant to Circular No. 7 of the Alberta Stock Exchange and as a result will cease to be a Junior Capital Pool corporation effective Thursday, February 4, 1999.

As part of the major transaction, Cardigan Capital Corp. amalgamated with its wholly owned subsidiary Icron Systems Inc. to become Icron Systems Inc. and subsequently continued under the jurisdiction of the Canada Business Corporations Act.

Icron also announces that effective Thursday, February 4, 1999, its common shares will trade in substitution for the common shares of Cardigan Capital Corp. on the Alberta Stock Exchange under the symbol “ICM”. Icron has applied for listing of its warrants with the Alberta Stock Exchange.

Icron is also pleased to announce that it has retained the firm of Corporate Solutions Inc. as Investor Relations consultants.

Icron Systems Inc. is a leading edge developer of networking products, and is actively developing enhanced range Universal Serial Bus products. Icron Manufacturing Inc., a wholly owned subsidiary of Icron, is western Canada’s newest contract electronics manufacturing services facility.

Note: The company relies on litigation protection for “forward-looking” statements. The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all statements in this news release – including, without limitation, statements regarding production estimates and future plans and objectives of Icron – are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.