ElectroBusiness.com Inc.

ElectroBusiness.com Inc.

June 14, 2005 11:07 ET

Compliance Costs Plummet: Affordable ElectroBusiness Service Satisfies Whistleblower Rule

CALGARY, ALBERTA--(CCNMatthews - June 14, 2005) - ElectroBusiness (TSX VENTURE:EB) announces an annual fee $499.00 for their Whistleblower Module. Now any company can afford the best technology with this fast, easy and affordable Whistleblower compliancy tool.

The electroBusiness Whistleblower Module is easily downloadable and installed. It enables any employee to send an encrypted, confidential, anonymous message to the corporate audit committee chairman. The newest ElectroBusiness Module provides an elegant response the regulatory challenge while protecting the chairman, the company and the employee.

Regulatory rule, Multilateral Instrument 52-110, requires publicly traded companies to establish whistleblower systems by July 1, 2005. The rule requires companies' audit committees to establish procedures for the receipt, retention and treatment of complaints received by the issuer regarding accounting, internal accounting controls, or auditing matters; and, the confidential, anonymous submission by employees of the issuer of concerns regarding questionable accounting or auditing matters.

About ElectroBusiness

ElectroBusiness document exchange service lets users securely exchange any type of information with one or thousands of locations, partners, suppliers or customers. Users of the service meet document tracking provisions for full compliance with all regulatory and legal obligations. ElectroBusiness improves productivity and grows users' profits with the easy to use, expandable, flexible and affordable service.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy of this release.

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