Bigknowledge Enterprises Inc.

Bigknowledge Enterprises Inc.

June 23, 2005 10:49 ET

Capital Hubble Announces the Closing of its Public Offering and the Completion of its Qualifying Transaction with Bigknowledge

MONTREAL, QUEBEC--(CCNMatthews - June 23, 2005) - Hubble Capital Inc. ("Hubble") (TSX VENTURE:HUB.P) announces that it has completed its public offering of 3,230,000 units at a price of $0.50 per unit for gross proceeds of $1,615,000. Each unit is comprised of one common share of Hubble and one-half common share purchase warrant of Hubble. Each full Hubble share purchase warrant entitles its holder to subscribe to one common share of Hubble at a price of $0.75 at any time on or before 5:00 p.m. (Eastern Time) on December 23, 2006.

Following the closing of the offering, Hubble has granted 258,400 options to CTI Capital Inc., the agent, in accordance with the Agent's Option Agreement entered in between the agent and Hubble on June 23, 2005.

Furthermore, immediately after the closing of the offering, Hubble has completed its qualifying transaction pursuant to which Bigknowledge Enterprises Inc. (before the amalgamation, the "Corporation") and Hubble have amalgamated to form an amalgamated corporation having the corporate name Bigknowledge Enterprises Inc. ("Bigknowledge"). Pursuant to the amalgamation, 28,725,000 common shares of Bigknowledge have been issued in exchange for the common shares held by shareholders of Hubble and Bigknowledge.

Bigknowledge's common shares are listed on the TSX Venture Exchange under the symbol "BGK" and the warrants are listed under the symbol "BGK.WT".

The following individuals have been elected as the directors of Bigknowledge:

- Renaud Lafrance - Stephane Saintonge
- Andre Duquenne - Michel Couture
- Michel Morin - Yvon Chouinard
- Mathieu E. Desjardins

The members of the Bigknowledge's audit committee are Mathieu E. Desjardins, Michel Morin and Yvon Chouinard.

The members of the Bigknowledge's remuneration committee are Andre Duquenne, Stephane Saintonge and Michel Couture.

Bigknowledge hereby confirms the establishment of a Stock Option Plan for its directors, executive officers, employees and consultants and announces the grant of 63,500 options to Mr. Mathieu E. Desjardins and of 200,000 options to Mr. Anthony Siregar at an exercise price of 0,50 $ per share, subject to the terms and conditions of the Stock Option Plan in effect as the date of the grant, in accordance with the information disclosed in the final prospectus of Hubble filed on May 19, 2005.

The TSX Venture Exchange does not assume any liability regarding the relevancy or the accuracy of this news release.

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