Armada Mercantile Ltd.

Armada Mercantile Ltd.

November 10, 2005 17:28 ET

Armada Mercantile Ltd.: Merchant Banking and Consulting Agreement with Gandinnovations Corp.

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 10, 2005) - Armada Mercantile Ltd. (the Company) (CNQ:AARM)(PINK SHEETS:AAMTF.PK), through its wholly-owned subsidiary Armada Group USA, Inc. (ArmadaUSA), has signed a merchant banking and consulting agreement with Gandinnovations Corp. (the Client) of Mississauga, Ontario. This agreement calls for ArmadaUSA, through its advisory services, to assume a leadership role on behalf of the Client as it enters an important phase of its agenda of initiatives. These advisory services will include merchant banking services and seek to provide investment funding to the Client.

About the Client:

Gandinnovations Corp. established in year 2000 was formed with a focus on converting traditional printing to digital printing specifically for the sign industry. Gandinnovations has gathered a management team with years of experience and knowledge in the digital printing industry and over one hundred employees worldwide. Gandinnovations has manufacturing facilities in Toronto, Ontario and San Antonio, Texas totaling over eighty thousand square feet. Gandinnovations currently has an installed base of over four hundred printers sold, installed and operating internationally in over twenty countries. Gandinnovations products and services include designing, engineering structural frames, precision drive roller mechanisms, state-of-the-art electronic circuitry, printer operating systems, firmware and graphical user interfaces.

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Patrick Cole, President

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