ElectroBusiness.com Inc.
TSX VENTURE : EB

ElectroBusiness.com Inc.

July 25, 2005 21:59 ET

ElectroBusiness Revenue Increase and Management Change

CALGARY, ALBERTA--(CCNMatthews - July 25, 2005) - ElectroBusiness (TSX VENTURE:EB) announces that four contracts have been signed that will increase annual revenue by 10% over the next 12 months. Three contracts are with new clients, the fourth contract is for an increase of service to an established client.

ElectroBusiness also announces that Mr. Bob Ashauer, Co-Founder, is stepping down as President and CFO, effective immediately. The Board thanks Bob for his contribution and is pleased that he remains a member of the Board of Directors.

The Board of Directors also announces the appointment of Ms. Sandra L. Weiler CGA as Acting Chief Financial Officer. For the past three quarters Sandra has been closely involved with ElectroBusiness through her preparation of Management Statements and analytical work.

Sandra has acted for multiple clients in public accounting practice over 10 years and has assisted numerous individuals and corporations in a consulting and tax advisory role over the past 5 years.

CEO Bryan J. Kelly said, "We are pleased that Sandra accepted the position and I look forward to working with her to deliver value to ElectroBusiness shareholders."

When asked about the reported new contracts, Bryan said, "The signing of contracts that grow our revenues by 10% is a nice start and confirms that ElectroBusiness brings great value to users. We expect to announce further sales on an on-going basis."

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.


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