Avalanche Capital Venture - Binding Agreement Signed Between Avalanche Capital Venture Inc. and 171729 Canada Inc. - Syncom Image Display Systems -.

MONTREAL--(BUSINESS WIRE)--Sept. 17, 1997--(Alberta Stock Exchange VAL) Avalanche Capital Venture inc. ("Avalanche") is extremely proud to announce that it has entered into a binding agreement with 171729 Canada inc. (Syncom Image Display Systems) ("Syncom") as of September 16th, 1997 pursuant to which Avalanche has agreed to acquire all of the issued and outstanding securities of Syncom on terms very similar to those previously announced, subject to several conditions, including the approval of the shareholders of Avalanche and the approval of the Alberta Stock Exchange. Avalanche anticipate that a shareholders meeting will be held in the month of November in order to approve the aforementioned transaction.

Following the review of Syncom's audited financial statements as of January 31st and July 31st, 1997, both parties have agreed that the aggregate purchase price for all the Syncom shares will be $2,945,800 (the "Purchase Price"), payable at the closing of the purchase and sale (the "Closing") by the issuance of approximately 10,520,714 common shares of Avalanche at a deemed value of approximately $0.28 per share.

In conjunction with the acquisition of Syncom and as a condition of closing, Avalanche intends to complete a private placement of a minimum of 428,571 and a maximum of 1,714,284 units of Avalanche at a price of $0.35 per unit cach unit consisting of one common share and one common share purchase warrant and each common share purchase warrant entitling the holder to acquire one common share of Avalanche at an exercise price of $0.50 for a period of twelve months. The proposed acquisition of Syncom and the private placement of a minimum 428,571 and a maximum of 1,714,284 units will constitute a Major Transaction for Avalanche as such term is defined in the Alberta Securities Commission Policy 4.11 and Alberta Stock Exchange Circular no. 7.

Syncom's exposure to the entertainment and multimedia market has enable its team of top designers and engineers to design and produce products and systems addressing the specific needs of the industry. Syncom's innovative and award-winning products are characterized by their cutting edge technology which is used to provide a working solutions to the wide rage of needs, from home theatre to broadcast applications. It is only through substantial R & D, quality production efforts and a keen understanding of customer needs that Syncom is able to produce advanced, high quality video and computer imaging processes while offering consulting expertise in the design, installation and repair of professional audio and video equipment. Furthermore, Syncom has recently acquired state-of-the-art computer simulation capabilities which enables it to resolve all critical design issues faster and more efficiently then most competitors!

It is with great pride that the directors of Avalanche have signed the aforementioned letter of agreement with Syncom, a company characterized by its enormous growth potential in the field of high technology as well as by it's qualified and highly motivated management team. This proposed agreement gives shareholders from both parties a brighter outlook unto the 21st century. -0- The Alberta Stock Exchange has neither approved or disapproved the information contained herein.

CONTACT: Avalanche Capital Venture inc.

Martin Arsenault, 514/622-3607

or

Kenneth Pastor, 514/253-6548