WANTED Technologies Corporation

WANTED Technologies Corporation

October 07, 2005 09:00 ET

WANTED Technologies Corporation Publicly Trading on TSX Venture Exchange and Completes $2,250,000 Financing

MONTREAL, QUEBEC--(CCNMatthews - Oct. 7, 2005) - WANTED Technologies Corporation (TSX VENTURE:WAN) is proud to announce that it has completed the process of becoming a publicly traded company on the TSX Venture Exchange through a Qualifying Transaction. Said transaction has enabled WANTED to eradicate the majority of the debt outlined in its last balance sheet.

Through the process, WANTED has raised total gross proceeds of two million two hundred fifty thousand dollars ($2,250,000). Of that total, one million fifty thousand dollars ($1,050,000) is in accordance with a prospectus dated July 29, 2005, one million dollars ($1,000,000) has been obtained through its Qualifying Transaction with a capital pool company, and two hundred thousand dollars ($200,000) has been raised in the form of a three (3) year convertible debenture provided by Société Innovatech Québec et Chaudière-Appalaches, dated September 20, 2005, convertible at sixty cents ($0.60) per share, bearing interest at an annual rate of ten percent (10%).

WANTED wishes to inform its shareholders of the resignation received October 4, 2005 from its director, Christian Savard. Said resignation is effective immediately.

About WANTED Technologies Corporation

Since 1997, WANTED has been a leading provider of real-time sales and business intelligence for the Recruitment and Media classified industries. Through its proprietary data mining, lead generation and CRM-integrated technologies, WANTED delivers concise, accurate and actionable recruitment advertising data. Each deliverable aims to "turn raw data into real profits." WANTED was recently chosen as the exclusive data provider for The Conference Board's Help-Wanted online data series TM employment index. For more information: www.wantedtech.com.

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

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