ALI Announces Normal Course Issuer Bid.

Business Editors/Technology Writers

VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 24, 2001

A.L.I. Technologies Inc. ("ALI") will conduct a normal course issuer bid to purchase up to 528,000 of its common shares. The program will be conducted from October 29, 2001 to October 28, 2002 through the facilities of The Toronto Stock Exchange. Purchases will be made at the prevailing open market prices at the time of acquisition. Shares purchased via the issuer bid will be cancelled. This normal course issuer bid has been approved by the Toronto Stock Exchange.

The bid represents approximately 5% of the 10,567,183 shares of the Issuer currently outstanding. In a normal course issuer bid that expired on December 12, 2000, ALI repurchased 383,200 of its common shares at an average price of $5.62 per share.

ALI's Board of Directors believes that the purchase by the company of its shares pursuant to a normal course issuer bid is an appropriate use of existing corporate funds given the business requirements and alternative investment opportunities available to the Company. The Directors also believe that it is beneficial for ALI to have the flexibility to purchase shares and, depending on the prevailing market conditions, such purchases are in the best interests of all shareholders.