Aludra Announces Private Placement.

Business Editors

TORONTO--(BUSINESS WIRE)--May 25, 2001

Aludra is pleased to announce the appointments of Harold Albrecht as VP Finance, Melody Syme as VP Sales/Marketing and Cliff Jones as a new member to the Advisory Board

Aludra Inc. (the "Corporation" or "Aludra") (CDNX: YAD), the Toronto software company, is pleased to announce that, subject to regulatory approval, it has agreed to a non-brokered private placement to raise a minimum of $250,000 and a maximum of $1,000,000. Pursuant to an offering memorandum, the Corporation will offer a minimum of 1,000,000 common shares and a maximum of 4,000,000 common shares at $0.25 per common share.

The proceeds from the private placement will be used to complete the development of the next generation of Aludra POS, the Corporation's Point-of-Sale software solution for small to high-volume retail and specialty merchandising businesses, to hire sales and marketing professionals to implement a strategy for marketing the Corporation's e-commerce, business management and Point-of-Sale software solutions, and for general working capital purposes.

In other developments, Aludra has strengthened its management team and Advisory Board with the appointments of Harold Albrecht as VP Finance, Melody Syme as VP Sales/Marketing, and Cliff Jones to the Advisory Board.

Harold Albrecht, B. Comm., C.A., has served in senior financial positions with two private entrepreneurial corporate groups and has founded or co-founded a number of start-up companies, one of which, Pinnacle Resources, was subject to a $1 billion takeover in 1998. Among other achievements, he signed the NHL franchise agreement on behalf of the Edmonton Oilers and has received a number of U.S. patents for new products he has developed. Mr. Albrecht has public practice experience with both PricewaterhouseCoopers and KPMG.

Melody Syme, B. Comm., brings to Aludra an extensive and diverse background in business development, solution selling and leading Information Switching Technology, for the CRM, POS/ATM, e-Payment and e-Commerce Industries. Her other intelligences include the B2B/B2C-Retail sector, strategic alliance/channel/VAR development, and wireless communications. Previously, she was the Business Development Manager at e-Smart Direct Services Inc./e-Smart Commerce Inc., where she was in charge of national retail sales and initial strategic alliance development with the following companies who sell POS Debit machines to large retailers: Verifone, IVI Checkmate, Hypercom, and Tillsmith Systems. In the hardware/software industry, she built partnerships with Softtracks, IBM, and NCR.

Cliff Jones was previously the President of Sweda Canada Inc., a private company that is the largest Point-of-Sale dealer within the Grocery and Hospitality Industries in Canada. In his two-year tenure with Sweda Canada, he was responsible for restructuring the company and establishing new markets, resulting in improved sales margin and growth. Previously, he held executive positions with NCR and Choreo Systems.

About Aludra Inc.: Founded in 1997, Aludra Inc. is a software company that designs, develops and markets state-of-the-art enterprise retail Point-of-Sale (POS) solutions. The Aludra POS simplifies transaction management and provides real-time end-to-end solutions including: contact management, wireless access to management information (WAP), Internet remote control, E-commerce, integrated accounting, purchasing, merchandising inventory control, sales analysis, reporting and other back-office functions.

For further information, please refer to Aludra Inc.'s web site at www.aludra.com, or contact Aldo Baiocchi, CEO and President, at [phone] ext. 103, e-mail: [e-mail], or Investor Relations at ext. 114.

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