Belzberg Technologies Inc. Announces Normal Course Issuer Bid.

Business Editors

TORONTO--(BUSINESS WIRE)--Dec. 21, 2000

Belzberg Technologies Inc. (TSE:BLZ) announced today acceptance by The Toronto Stock Exchange of notice of Belzberg's intention to purchase from time to time, if it is considered advisable, up to 535,944 of its common shares, representing 5% of its 10,718,890 outstanding common shares on The Toronto Stock Exchange.

The Board of Directors of Belzberg believes that such purchases may from time to time be in the best interests of Belzberg and a desirable use of corporate funds. Purchases of Belzberg common shares may be made pursuant to this notice in the 12-month period commencing January 1, 2001. All common shares purchased pursuant to this notice will be cancelled by Belzberg.

About Belzberg Technologies, Inc.

Belzberg Technologies Inc., whose common shares began trading on the Toronto Stock Exchange on November 17th under the symbol BLZ, is a Business Solutions Provider whose state-of-the art, electronic trading system is the talk of Wall Street.

Belzberg systems handle approximately 3% of the daily volume on the New York Stock Exchange, and their share is growing. Belzberg systems are also used for trading on Nasdaq, AMEX, the Chicago Board of Options Exchange (CBOE), U.S. regional exchanges, and numerous alternative exchanges and ECNs.

A total of 28 TSE member firms use the Belzberg system for their daily trading.

The Belzberg software runs on high-end desk-top PCs, using standard networking and communications components. Belzberg servers, capable of processing more than 200 trades per second, provide traders with international connectivity, allowing them to execute trades on various exchanges around the world from one screen. The software routes to the points of best execution, goes directly to sources of liquidity, trades international stocks in local currencies and provides instant confirmations and order-filling.

Although Belzberg is focused on remaining preeminent in the financial trading software industry, it has expanded its business to include its own ECN software and Options Crossing Exchange, plus B2B and wireless trading gateways. The system has become one of the building blocks of global e-commerce, based on software that can turn a PC and the Internet into a seamless, secure on-line marketplace for high-speed, high-volume transactions.

Expanded on-line business-to-business applications include the transfer of information, as well as large-scale auctions, purchases and payments in any industry.

Over half of Belzberg Technology's current revenues are generated in the U.S; the balance comes from Canada and Europe. The company offices are located in the heart of the financial district in New York, Chicago, and Toronto; where they employ more than 80 people in research, development and marketing.

Prior to listing on the TSE, the company had raised approximately USD$12 million through private-placement financings.

Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the Company's operations, markets, products and prices and other factors.

To find out more about Belzberg Technologies and its products, call 1-800-823-8631 or visit http://www.belzberg.com