ElectroBusiness.com Inc.

ElectroBusiness.com Inc.

June 27, 2005 11:10 ET

ElectroBusiness Management Change

CALGARY, ALBERTA--(CCNMatthews - June 27, 2005) - ElectroBusiness (TSX VENTURE:EB) announces that Mr. Cal Fairbanks, Co-Founder, is stepping down as CEO effective immediately. Cal's vision and driving force moved ElectroBusiness from a concept to commercial acceptance for the company's services. We are pleased that Cal remains a member of the Board of Directors.

The Board of Directors also announces the appointment of Mr. Bryan J. Kelly as CEO. Bryan is an experienced entrepreneurial executive who had leadership roles in both private and public companies across a broad spectrum of industries and markets. His operating experience ranges from start-ups to CEO at International Potter Distilling Corp. with 140 employees, six production sites and an international supply chain. Previously in Calgary he was a partner in Century Disposals a significant asset liquidation business.

Bryan's addition significantly strengthens the organization with management expertise to market the ElectroBusiness secure document exchange service.

Through his career he has done business with corporations in Canada, USA, Britain, Switzerland, Germany, Japan and the Caribbean. His experience includes leadership roles spanning operations, finance and marketing in local and international markets. He actively researches business operations, markets and provides executive counsel.

For the past 10 years Bryan's activity has centered on managing private capital investments in publicly listed companies.

John Ramsay, Q.C., chair of the board, says: "It is normal in the evolution of a company like ours to go from management whose core skills are the vision and design of new technology to management whose core skill are implementation of what has been built. We are most fortunate here to have made the transition and retain both the visionary founders as board members. I have known Bryan Kelly for many years, initially through our common volunteer services at the Rotary Club, and have great confidence that his leadership will take ElectroBusiness to a new level of performance and market adoption. I look forward to working with him and the ElectroBusiness team to achieve our full potential."

Bryan Kelly said, "ElectroBusiness is the best business concept I have seen in many years - that is why I and my family began investing 2 1/2 years ago and why I have told many friends to also invest. After talking to many customers and researching the market, I am as convinced as ever that ElectroBusiness is an outstanding business opportunity."

About ElectroBusiness

The ElectroBusiness secure document exchange service connects users to a secure world allowing the exchange of any type of information with any number of locations, partners, suppliers or customers. The ElectroBusiness service is easy to use, affordable and flexible, improving productivity and profits.

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

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