Completion of Acquisition of Vectoria, Inc.

Business Editors

MONTREAL--(BUSINESS WIRE)--Nov. 16, 2001

Vectoria Inc. (OTCBB:VTOR) (the "Company", formerly Vanadium International, Inc.) is pleased to announce the following:

Acquisition of Vectoria, Inc.

The Company has completed its transaction with Filton International Ltd. ("Filton") pursuant to an agreement between the parties dated as of October 2, 2001. The Company acquired all of the issued and outstanding shares in the capital of Vectoria, Inc., a Delaware corporation, from Filton in consideration for the issuance to Filton of 13,000,000 shares of common stock in the capital of the Company. Filton concurrently acquired 11,100,000 shares of common stock from the major shareholder of the Company and, as a result, is now the majority shareholder of the Company.

Vectoria is a telecommunication and information technology convergence company. It is currently deploying an extended local telephone calls network over a private high speed fibre-optic infrastructure which is intended to cover 15 of the largest metropolitan areas in Canada. This will allow the Company to service over 450 municipalities. In 2002 and 2003 respectively, Vectoria intends to expand its network to large U.S. metropolitan areas and then to the major European metropolitan areas. Through this network, Vectoria customers will be able to communicate within and between these metropolitan areas without incurring any long distance charges.

Vectoria's mission is to provide, at the price of basic service, worldwide extended local telephone service in place of the traditional telephone company limited local telephone service boundaries. Name Change to Vectoria Inc.

In connection with the acquisition of Vectoria, Inc., the Company has changed its name to "Vectoria Inc." effective November 14, 2001 further to written shareholder consents received. All registered shareholders of the Company will be sent a notice of the name change with a letter of transmittal containing instructions to exchange their existing share certificates for new share certificates representing shares in the name of Vectoria Inc. The new CUSIP number for the shares of the Company is 92240A 10 4. The new ticker symbol for the Company on the OTC Bulletin Board will be "VTOR". The Company has been advised that its shares will commence trading under the new CUSIP number and new ticker symbol on Monday, November 19, 2001. New Directors and Officers

In connection with the change of control of the Company to Filton, the new directors and officers of the Company are as follows:

Serge Doyon - President, Chief Executive Officer and Director

Michel Plante - Vice President, Chief Financial Officer and

Director

Richard St-Julien - Secretary and Director

Moishe Zefrani continues as a director of the Company.

The following is some background information on the new directors and officers of the Company:

Serge Doyon has been working in Telecommunications since 1969 and holds Bachelors of Arts (Laval University), Bachelor of Business Administration (Montreal University) and Master of Business Administration (Montreal University) degrees. At Bell Canada for 12 years, he has been successively responsible in the Quebec Region for Sales Management, Market Management, Marketing Research, Promotional Activities and Portfolio Management. In 1981, he founded Incotel Communication Systems Inc. and assumed its leadership. In 1998, telephony operations of Incotel were acquired by Groupe Videotron Ltee. Mr. Doyon has been involved with Vectoria, Inc. as a telecommunications consultant since May 2001.

Michel Plante is a chartered accountant and holds a Bachelor of Commerce degree from McGill University. He was with Coopers & Lybrand for the first ten years of his career and has been involved with numerous high-tech companies in the computer and telecommunication industries. Mr. Plante has played a role of financial consultant to Vectoria, Inc. since May 2001.

Richard St-Julien is a lawyer who received his Bachelor of Laws degree from the University of Ottawa in 1991. He practices in the areas of corporate and securities law and has acted for a number of companies originally listed on The Montreal Exchange and now on the Canadian Venture Exchange. Mr. St-Julien has considerable experience in advising on international business transactions involving both public and private companies.

The head office of Vectoria Inc. is located at 14, Place du Commerce, bur. 350, Ile-des-Soeurs, Verdun, Quebec, Canada H3E 1T5, Telephone: [phone], Fax: [phone], Website: www.vectoria.ca.

This news release contains forward-looking statements that are subject to various risks and uncertainties. The Company's actual results could differ materially from those anticipated in such forward-looking statements as a result of numerous factors that may be beyond the Company's control. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made, and the Company assumes no obligation to update forward-looking statements should circumstances in management's expectations or opinions change.