Talware Networx Inc.

Talware Networx Inc.

October 17, 2005 15:27 ET

Talware Networx Inc.-Press Release

TORONTO, ONTARIO--(CCNMatthews - Oct. 17, 2005) -

Talware Networx Inc (the "Company") (TSX VENTURE:JOB) is pleased to announce the following:


Pursuant to a special resolution passed by shareholders on August 22, 2005, the TSX Venture Exchange has approved the consolidation of the Company's capital on a 10-for-1 basis. Effective at the opening of the market on October 17, 2005, 5,144,304 shares of the Company will commence trading on the TSX Venture Exchange on a consolidated basis. The name of the Company has not been changed. The new trading symbol for the Company is JBS.

CFO Appointment

Julian Fosbery, CA, has been appointed as the Company's Chief Financial Officer. Mr. Fosbery's areas of expertise include the development of accounting and management reporting information systems, designing cost and performance measurement systems, preparation of budgets, pro forma and projected statements and the provision of business advice in a broad base of business sectors. He is a member in good standing of the Canadian Institute of Chartered Accountants and the Institute of Chartered Accountants of Ontario. Mr. Fosbery holds a Bachelor of Business Management from Ryerson University, Toronto, Canada.

About Talware Networx Inc.

Talware Networx Inc. provides human capital retention and recruitment solutions. The Company's suite of products allows users to source and manage human capital resources on a local, national and global basis. They include solutions for skill and experience identification, private label job boards, applicant marketing, and employee communication.

Forward Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this press release, the words "anticipate", "believe", "could," "estimate," "expect," "intend," "may," "plan," "will, "and" "would" and similar expressions are intended to identify forward-looking statements. Such statements reflect the Company's current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made including those factors detailed from time to time in filings made by the Company with Canadian securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated or expected. The Company does not intend and does not assume any obligation to update these forward-looking statements.

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