Nexus Group International Inc.

Nexus Group International Inc.

February 28, 2005 15:49 ET

NEXUS Group Announces Sale of its iView Systems Subsidiary


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: NEXUS GROUP INTERNATIONAL INC.

TSX SYMBOL: NXS

FEBRUARY 28, 2005 - 15:49 ET

NEXUS Group Announces Sale of its iView Systems
Subsidiary

BURLINGTON, ONTARIO--(CCNMatthews - Feb. 28, 2005) - NEXUS Group
International Inc. (the "Company") (TSX:NXS) has sold its 56.9% equity
interest in its subsidiary, 4028546 Canada Inc., operating as iView
Systems ("iView") to 6349609 Canada Inc., an arm's length party and a
wholly owned subsidiary of EndX Group Ltd. of Great Britain. Pursuant to
the terms of the transaction, the Company received $427,000.00 at
closing and has been issued a secured promissory note in the amount of
$173,000 due on May 31, 2005.

NEXUS is a Burlington, Ontario-based, corporation. NEXUS has been
suspended from trading on the Toronto Stock Exchange under the symbol
"NXS".

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    NEXUS Group International Inc.
    Tom Fischer
    399 Pearl Street, Burlington, Ontario, L7R 2M8
    (905) 634-4111 ext. 32
    (905) 634-1101 (FAX)
    www.nxsgrp.com