Cavalcade of Sports Networks Inc. Expands Management Team to Speed Growth of Thin Express Initiative.

Business Editors

CALGARY, Alberta--(BUSINESS WIRE)--Aug. 14 2001

Cavalcade of Sports Networks Inc. (OTC:CVLC) expands management team to speed growth of Thin Express initiative.

Today Cavalcade announced that the Board of Directors has approved the appointment of a new Chief Technology Officer (CTO) and the creation of a Chief Operating Officer (COO) position to cope with increasing demands on the corporation. Earlier this year, Cavalcade undertook a new strategic initiative to develop and market a real-time decision support solution for the energy sector. Since that time the company has been pursuing this market, operating as Thin Express Corporation (http://www.thinexpress.com).

In April, the company confirmed the appointment of a new Board of Directors, as well as the appointment of Shawn Clarke as President and CEO and Bernhard Wieser as CTO. Today, the company announced that Mr. Wieser would immediately assume the newly created position of COO and that Joseph King will assume the role of CTO.

"As our business grows and issues continue to mount in preparation for our move forward to become a fully reporting issue, it became clear that we had to immediately expand the management team to continue our growth. I am pleased that Mr. Wieser has accepted the position of COO. He is up to speed on all the issues and can take over management of operations immediately," commented Shawn Clarke, Cavalcade's President and CEO.

Mr. King has been appointed the company's new CTO. "Having worked with Mr. King for the past ten years on many projects, I am very confident in his abilities to perform in this new role. Under his guidance I am sure the product will evolve quickly and the company as a whole should benefit from his experience, " said Mr. Wieser.

Mr. Clarke will be spending more of his time on the development of alliance programs, the signing of new channels partners along with sales and marketing. "Although it is clear that corporate governance for a publicly traded company must be a top priority, it is equally important that we focus on developing our market to increase revenue. This new management structure allows us the flexibility to continue to expand our public presence while aggressively pursuing new business opportunities," stated Mr. Clarke

"If you have a look into the background of these two individuals you will quickly see that they are ideally suited to help move us forward. Mr. Wieser has done an outstanding job as CTO and I feel completely confident he will be able to make an immediate impact in his new role as COO. Mr. King has very strong technical skills and has been providing leadership to the company in a technical capacity long before he was officially appointed CTO. I am pleased to have such strong individuals in key management positions. Their presence will greatly benefit the corporation and enhance our ability to quickly achieve market dominance," said Mr. Clarke

Appointed to the role of COO and CTO respectively were:

Bernhard Wieser, Chief Operating Officer

Bernie Wieser has over 10 years of management experience. During this time, Mr. Wieser has developed and enacted quality assurance and control programs as well as business management consulting for business process improvement. Since 1995, Mr. Wieser has operated a software development and consulting company, whose clients include Hyprotech Ltd., Metso Automation Ltd., and TetraTech Inc. Mr. Wieser has published articles related to engineering and technology in journals such as Chemical Engineering Progress.

Joseph King, Chief Technical Officer

Joseph King has over eight years of software development and management experience developing distributed technologies and web applications within the financial, chemical process and control systems sectors. His most recent projects have included the design and implementation of a bond trading system for Imperial Capital and the development of the POLARIS and SAE products for Metso Automation. Mr. King's clientele has included Metso Automation, Imperial Capital, AEA Technology PLC (Hyprotech), iCrystal, and Octavian Micro Development.

This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the Safe Harbor for forward-looking statements provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Such forward-looking statements by definition involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that reserves, production, pricing levels or other factors pertaining to the manufacturing and retail operations will be sustained at the expected rates or levels over time. Discussions of factors, which may affect future results, are contained in the Company's most recent filings.

Under no circumstances does this press release constitute an offer to sell or a solicitation of an offer to buy the securities of the Company described in this press release in which such offer, solicitation or sale of securities would be unlawful prior to registration, qualification or filing under the securities laws of any jurisdiction.