Synex International confirms signing of power agreements with BC Hydro

VANCOUVER, Feb. 20, 2002 — Synex International confirms that BC Hydro has executed two long-term Electricity Purchase Agreements with its wholly owned subsidiary, Synex Energy Resources Ltd, covering the purchase of electricity from two hydroelectric plants to be located on Vancouver Island.

BC Hydro is sponsoring these plants under its ‘Green Power’ initiative and has provided information in BC Hydro News, dated February 19, 2002, on its web site.

The proposed plants are to be located at the Village of Tahsis and near the Town of Gold River with installed capacities of 2.9 MW and 3.8 MW respectively. Work on these projects is entering the regulatory phase with operation of both plants scheduled to commence by January 2004.

Synex International also announces that its wholly owned subsidiary, Synex Systems Corporation, has completed and released a hot-linked version of F9 for the Microsoft Great Plains accounting products, eEnterprise, Dynamics and Small Business Manager. F9 is a well-established financial reporting and analysis software solution with over 40,000 users in North America and globally.

Synex International has three wholly owned subsidiary companies covering: the development and marketing of business intelligence and accounting related software; the development and operation of electrical power facilities; and engineering consulting services for the control and use of water.

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