Consolidated Magna Ventures Ltd. & Workflow Management, Inc.: Magna to Acquire PODbook.com Ltd., Initiates Change of Business Proceedings.

Business Editors

VANCOUVER, B.C.--(BUSINESS WIRE)--Oct. 10, 2000

Workflow Managment Inc. (NASDAQ:WORK) & Consolidated Magna Ventures Ltd. (CDNX:CMV.) is pleased to announce that, on October 5, 2000 the Company signed a Letter Agreement to acquire 100% of the issued and outstanding shares of PODbook.com Ltd. (PODbook), a Vancouver-based private company registered in the Province of British Columbia.

As the proposed arms length transaction constitutes a Change Of Business (COB) under the regulations of the Canadian Venture Exchange (CDNX), Magna's shares will be halted from trading until the CDNX has reviewed the terms of the deal and conducted its preliminary due diligence.

PODbook provides Internet-based print-related services including Digital Asset Management and Print On Demand (POD). The company has multiple revenue streams and is primarily focused on the Business-to-Business (B2B) sector of Internet e-commerce, although a Business-to-Consumer (B2C) component is part of its proposed business model.

The US Department of Commerce estimates that the traditional printing and publishing industry exceeded US$232 billion in revenues for 1999 and much of this business is moving online. It is PODbook's intent to be at the forefront of this trend. Daniel C. Walters, systems design engineer and co-founder of PODbook is used to being at the leading edge of print technology, with over 20 years experience in computer applications for the pre-press environment. He was one of the first developers of PostScript-based systems for pre-press and, as a co-founder of Warp 10 Technologies, Inc. in the early 1990's, developed a revolutionary method of file compression for the graphic arts industry. Mr. Walters has consulted for a wide variety of corporations over the years, including Apple Canada, Northern Telecom, Bergman's, Quebecor, Transcontinental, and Sherman Laws. Prior to founding PODbook he was a Business Development Executive for Data Business Forms in Vancouver. As part of the current COB transaction, Mr. Walters will be appointed to Magna's Board of Directors. No other additions to Magna's Board are proposed at this time.

Mr. Walters has recently developed a system of file encoding, called Skinny PostScript (TM), whereby image files are reduced in size by a factor of 60-100 times without any loss of quality. As a result, PODbook can reduce, store and edit on the Internet, e-mail and print huge graphic files that would otherwise have to be couriered via diskette or CD. This results in significant cost and time savings for corporate clients, thereby increasing PODbook's competitive positioning in the marketplace.

PODbook is also pleased to announce that its Print On Demand functionality will be provided through a strategic alliance with Data Business Forms (Data). A subsidiary of US based Workflow Management, Inc. (Nasdaq:WORK), Data Business Forms is Canada's sixth largest printer. Armed with a network of 11 digital print centers across Canada, Data will enable PODbook to offer a Distribute and Print service nationwide. Use of Data's web-based iGetSmart supply chain management system will allow electronic image files and print requisitions to be transferred to, and printed at, one of Data's facilities closest to the desired destination of the final product. Delivery from this point results in additional cost and time savings which clients may re-allocate to their core business operations.

The agreement with PODbook calls for Magna to acquire an undivided 100% interest in PODbook in exchange for the issuance of 6,000,000 common shares of Magna to the shareholders of PODbook. Such issuance may be subject to escrow or other restrictions, imposed by the British Columbia Securities Commission and/or the Canadian Venture Exchange. A cash payment of CDN$75,000 has also been made to PODbook at the time of signing of the Letter of Intent, with this amount to be considered as a forgivable loan towards working capital. Should the transaction not be completed for any reason, this sum is to be repaid with interest or converted into an equity interest in PODbook, at Magna's option.

Magna is considering a financing pursuant to the return to trading, however the amount and pricing have not yet been finalized. As PODbook's business is not capital-intensive, initial funds raised will be used primarily to add to the company's staff and office infrastructure. Magna currently has working capital of about $400,000.

Magna President, Robert Archer stated "This is an unprecedented opportunity for Magna shareholders as it initiates an exciting new growth phase for the Company. We are thrilled to have the chance to team up with the highly talented group at PODbook and to build a significant new company in an industry that is literally exploding in front of us. We believe that PODbook's business model has tremendous potential and we look forward to developing it with them."

Completion of the transaction is subject to a number of conditions, including but not limited to, Canadian Venture Exchange acceptance and disinterested shareholder approval. The transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the Management Information Circular to be prepared in connection with the transaction, any information released or received with respect to the COB may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be considered highly speculative.

The Canadian Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. Magna is pleased to report that Wolverton Securities, subject to completion of satisfactory due diligence, has agreed to act as sponsor to the Company in connection with the transaction. An agreement to sponsor should not be construed as any assurance with respect to the merits of the transaction or the likelihood of completion.

Additional information can be obtained by calling Magna's office at [phone] or by e-mail to [e-mail] or through the PODbook website at www.podbook.com.

Additional information about Workflow Management or the iGetSmart system can be obtained by calling [phone] ext. 320 or by e-mail to [e-mail] or through the Company's websites www.workflowmanagement.com, www.igetsmart.com and www.dbf.com.

Consolidated Magna Ventures Ltd. relies on litigation protection for statements that are not historical facts but are forward-looking statements involving known and unknown risks and uncertainties that could cause actual results to vary materially from the targeted results.

ON BEHALF OF THE BOARD OF DIRECTORS CONSOLIDATED MAGNA VENTURES LTD.

Robert A. Archer, President

The Canadian Venture Exchange Neither Approves Nor Disapproves The Contents Of This News Release Which Was Prepared Solely At The Discretion Of Management