ElectroBusiness.com Inc.
TSX VENTURE : EB

ElectroBusiness.com Inc.

April 11, 2006 19:21 ET

electroBusiness.com Inc. Announces Increase in Private Placement to $1,000,000

CALGARY, ALBERTA--(CCNMatthews - April 11, 2006) - electroBusiness.com Inc. (the "Corporation") (TSX VENTURE:EB) is pleased to announce the increase its of its previously announced private placement to a maximum proceeds of $1,000,000. The private is now for a total of 20 million units at the price of $0.05 per unit for total maximum proceeds of $1,000,000. Each unit will consist of one common share and one common share purchase warrant. Each full warrant will entitle the holder to purchase one common share for a period of 24 months following the completion of the private placement upon payment of the exercise price of $0.10.

The Corporation has closed the first tranche of the private placement and there remains a total of $190,000 leaving a total of $810,000 for issuance under the private placement.

The Corporation may pay commissions or finders fees to registered dealers or others entitled to receive commissions under applicable law on the sale of the units, the payment of such being subject to regulatory approval.

The proceeds of the private placement are intended to be used by the Corporation for production development, sales and marketing, infrastructure upgrades and general working capital. The private placement is subject to the approval of the TSX Venture Exchange.

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 does not accept responsibility for the adequacy or accuracy of this news release.

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