Cachet Communications Inc. announces the following development.

CALGARY, Alberta--(BUSINESS WIRE)--June 13, 1996--Cachet Communications Inc. ("Cachet") has entered into a Letter of Intent with Partners in Performance Inc. ("PIP") and its affiliated company Group Travel Marketing Corporation ("GTM") pursuant to which Cachet will acquire 80 percent of the issued and outstanding shares of the capital of each of these companies.

In return for the PIP and GTM shares the Letter of Intent contemplates that Cachet will pay $120,000 on closing and the balance of the purchase price will be based on PIP's and GTM's performance during the three years following the closing. The balance owing will be based on the audited financial statements of PIP and GTM and will be paid 25 percent in cash and 75 percent in shares in the capital stock of Cachet. The shares will be issued from Cachet's treasury, at the then market price for Cachet's shares, on the third anniversary of the closing.

The completion of the transaction with PIP and GTM is subject to Cachet being satisfied with the outcome of its due diligence review of the affairs of PIP and GTM and all applicable regulatory approvals.

PIP and its affiliated company GTM were founded in 1976 and have been in business for 20 years. They are an integrated full circle communications firm offering service/solutions to long term clients in both Canada and the United States. They specialize in developing, implementing and executing reward, recognition and communication programmes. Their clients include Volkswagen of North America, General Motors, B.P. Oil, Xerox, Bell Mobility, Monsanto, Owens Corning, Levi Strauss, Elizabeth Arden, Canada Trust and Pharmascience. Their annual sales volume is approximately $18 million.

Mr. Don Brommet, Principal of PIP and GTM will become a senior management executive with Cachet Communications Inc. and continue to have responsibility for PIP and GTM.

Cachet Communications Inc. has terminated its Letter of Intent with Rewco Printing Ltd. after its due diligence review of Rewco.

Cachet is currently in discussions with several other printing companies and anticipates entering into a formal Letter of Intent shortly to acquire one of them.

On May 16, 1996, the Board of Directors accepted the resignation of Frederic J. Gregoris, C.A. and appointed KPMG Peat Marwick Thorne as auditors of record. The corporation has received the required documentation from the prior auditor and the newly appointed auditors. All documentation has been filed with the appropriate regulatory bodies pursuant to National Policy 31.

Cachet is finalizing arrangements to complete the closing of the acquisition of 50 percent of Cyberplex Interactive Media Inc. which is anticipated to occur on June 18, 1996.

Cachet Communications Inc. is a growth oriented communications and marketing company. Over the past 14 months Cachet has acquired significant equity positions in three synergistic operating companies. These acquisitions, plus the acquisition of Partners in Performance and Group Travel Marketing Corporation move Cachet closer to its goal of being the single-source of choice of the leaner corporations of today who are relying more heavily on out-sourcing their communications needs. -0-

NOTE TO EDITORS: "The Alberta Stock Exchange has neither approved nor disapproved the information contained herein."

CONTACT: Cachet Communications Inc.

Robert Weller or Jim McDowell, 905/764-2730