Talware Networx Inc.

Talware Networx Inc.

August 09, 2005 12:14 ET

Talware Networx Inc. Announces Completion of Private Placement

TORONTO, ONTARIO--(CCNMatthews - Aug. 9, 2005) - Talware Networx Inc. (TSX VENTURE:JOB) announced today that it has completed a private placement of a secured convertible debenture in the aggregate principal amount of $50,000. The debenture bears interest at a rate of 10% per annum and matures on July 31, 2006 and is secured by a general security interest against the company's assets. The debenture is convertible into common shares of the Talware at the holder's option at a price of $0.05 per common share. Any common shares issued upon conversion of the debenture will be subject to resale restrictions until December 1, 2005.

About Talware Networx Inc.

Talware Networx Inc. provides human capital retention and recruitment solutions for professional recruitment companies and corporate human resource departments. The company's suite of products allows users to source and manage human capital resources on a local, national and global basis.

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

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