Cormax Business Solutions Announces the Appointment of a New Interim President.

Business Editors

CALGARY, Alberta--(BUSINESS WIRE)--May 30, 2002

Cormax Business Solutions Inc. (OTCBB:CMXS) is pleased to announce the appointment of Mr. Gregg Shykora as Interim President.

Mr. Shykora brings with him 17 years of experience in the electronics and computing fields.

The Board of Directors of Cormax has adopted a three-point plan to enhance the value and strengthen the company. The Company's advisors have identified potential acquisitions for Cormax that fulfill the requirements of the three-point plan:

-- 1. Complete bridge financings of $500,000.00.

-- 2. Acquire 8 million dollars of tangible assets, in the form of transmission
technologies.

-- 3. Complete corporate financing in excess of US$5 million.

-- 4. Complete acquisitions of intellectual property in the field of data
warehousing and security, database management, encryption, secure data
transmission and data processing.

Mr. Shykora has enthusiastically agreed to undertake this task and was chosen as the best-suited individual to accomplish these corporate goals on behalf of the shareholders and the board of directors of Cormax.

"Mr. Shykora has the expertise and sophistication to forge our corporate vision. We are looking to Mr. Shykora's experience and leadership to achieve an exciting and dynamic growth strategy for our shareholders. We feel that the addition of Mr. Shykora to our management team adds a very positive element for increasing shareholder awareness over the next six months," said Todd Violette, CEO.

Mr. Shykora's interim agreement requires him to accomplish the following objective over the next 180 days.

-- 1. Complete bridge financings of $500,000.00.

-- 2. Acquire 8 million dollars of tangible assets, in the form of transmission
technologies.

-- 3. Complete corporate financing in excess of US$5 million.

-- 4. Complete acquisitions of intellectual property in the field of data
warehousing and security, database management, encryption, secure data
transmission and data processing.

Mr. Shykora has accepted the position of President on the condition that he receives a salary of US$1.00 per annum with equity incentives upon completion of the four objectives assigned. "I want to thank the Board for their support. I look forward to the challenge of accomplishing the objectives at hand," said Mr. Shykora, Interim President.

Mr. Shykora is currently the President of GlobalDeskTop Ltd. The Board of Directors of Cormax have agreed to enter into a letter of intent to acquire GlobalDeskTop Ltd., pending the completion of the necessary due diligence process.

Cormax Business Solutions is in the business of providing technology services and IT solutions that help companies become more effective by taking full advantage of their networks and the Internet through security systems, inter-office connections, network performance enhancers and specialized network-telephone and network-video solutions.

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. 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 SEC filings on Forms 10-Q and 10-K.

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.