Armada Mercantile Ltd.
CNQ : AARM
PINK SHEETS : AAMTF.PK

Armada Mercantile Ltd.

November 18, 2005 14:13 ET

Armada Mercantile Ltd.: Merchant Banking and Consulting Agreement with Set-Top Box Maker ViaCLIX, Inc.

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 18, 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 ViaCLIX, Inc. (the Client) of Los Gatos, California. 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 and seeking to provide investment funding to the Client.

About the Client:

ViaCLIX is a systems developer of internet appliance and set top box software and technology for systems using the television as the display mechanism. ViaCLIX's channel technology and "Plug and Click™" provides internet access and video-on-demand services via a channel-based portal system. This technology is patented and provides a unique smartcard access, remote software user interface upgrade, advertising, e-commerce, education and entertainment capabilities, including the direct sale of fee based software applications and peripheral devices. Unlike most set top boxes, ViaCLIX's internet appliance is capable of supporting all of the industry standard technologies such as Dynamic HTML, DHCP, HTTP, MP3, MPEG-1, 2 & 4, SNMP, RTSP, NTP, IGMPv2, SSL, TCP & UDP over Ipv4, IP Multicast, Java and many more of the industry standards. ViaCLIX believes the set top box industry and its future viability is being confirmed by recent acquisitions.
http://biz.yahoo.com/ap/051118/cisco_scientific_atlanta.html?.v=9

For more information pertaining to the Company, visit www.armadamercantile.com.

Patrick Cole, President

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