Magra Computer Technologies Corporation corrects...In the news release transmitted on October 22, 1996 for MAGRA COMPUTER TECHNOLOGIES CORP an error occured in the contact information. The correct and complete release follows Correction From Source Magra Computer Technologies Announces Amalgamation.

TORONTO--(BUSINESS WIRE)--Oct. 22, 1996--Magra Computer Techn(CANADIAN DEALING NETWORK MGRA.) Systems Integrator, Magra Computer Products announced the amalgamation with Covesco Capital Corporation to form Magra Computer Technologies Corporation ("Magra"). Magra's commonshares are quoted under the symbol MGRA on the Canadian Dealing Network.

Magra, based in North York, is a "Total Solutions" system integrator, specializing in providing publishing, information management and internet solutions within a variety of computer environments. Magra's immediate growth opportunities will focus onincreasing the geographic scope of the operation and meet long-term expansion plans.

Important trends fueling the company growth include the exponential increases in corporate Internet and Intranet applications; the large volume of Document Management and Workflow client requirements spilling out of ISO 9000 Certification programs; and the continuing increase in technical demands brought on by the digital revolution in the Graphic Arts Industry.

Founded in 1990, Magra has strong roots in the Graphic Arts Industry and has diversified to meeting emerging markets. Clients include such companies as Sears Canada, Molson Breweries, Litton Systems, DeHaviland, Quebecor Printing, CIBC and the Financial Post.

CONTACT: Magra

Rocco Magnotta, 416/650-6227