Strategia Corporation Announces Transaction Consummated.

Business Editors

LOUISVILLE, Ky.--(BUSINESS WIRE)--Dec. 5, 2000

Strategia Corporation (OTCBB:SAEA) today announced that it has consummated its agreement with Proprietary Industries, Inc. (TSE:PPI). Pursuant to the agreement, Strategia issued to Proprietary 10,000,000 shares of Common Stock and 134,976 shares of a newly created Series Preferred AAA Stock, each share of which is essentially equivalent to, and convertible into, 1,000 shares of Common Stock. As a result, Proprietary owns and controls approximately 97% of Strategia.

In exchange for the newly issued Strategia shares, Proprietary transferred to Strategia its approximately 94% equity interest in EnerGCorp, Inc., a company located in Tempe, Arizona, which through various partly- and wholly-owned subsidiaries is engaged primarily in real estate development and construction. According to its unaudited July 31, 2000, interim financial statements provided by Proprietary to Strategia, EnerGCorp has approximately $29 million in total assets and $12 million in shareholders' equity.

Immediately prior to the consummation, Strategia effected a distribution of $0.11 per share of Common Stock. This distribution will only be paid to shareholders of record on December 1, 2000.

The Agreement provides Proprietary with the right, exercisable for up to six months after the closing, to rescind the exchange of stock. This right may only be exercised if Strategia's Articles of Incorporation cannot be amended to increase the authorized Common Stock to enable Proprietary to convert all of its Series AAA Preferred or if Proprietary's ability to vote its Common or Series AAA Preferred is restricted or otherwise limited. Strategia believes that Proprietary will not have a basis to rescind. However, if Proprietary can and does rescind, the Strategia Common Stock would likely be worthless because Strategia will probably then be dissolved without further distributions.

Upon the closing of the transactions, all of the current officers and members of the Strategia Board of Directors resigned. They will be replaced by individuals designated by Proprietary.

Shareholders should be cautioned that the value that the shareholders will realize from the transaction will be small and their stock will continue to be illiquid with little public float. In addition, the trading of Strategia stock could be suspended for a period of time after the closing until Strategia files new information with the Securities and Exchange Commission which reflects the results of this transaction.

This press release contains forward looking statements that describe the consummated transaction with Proprietary Industries. Several factors contained in the cautionary statements that accompany those forward looking statements in this release could cause the actual consequences for Strategia and its shareholders to differ from the potential consequences described in the forward-looking statements.