BrainTech reduces outstanding shares by three million

Business Wire, Nov 28, 1995

VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 29, 1995-- BrainTech's board of directors announced today that it has unanimously voted in favor of cancelling three million shares of outstanding Regulation "S" BrainTech common stock.

The shares cancelled were originally issued without the required board of directors' approval. BrainTech has notified Colonial Stock Transfer and the following stock certificates have officially been cancelled: -0-

Issued to              No. of Shares   Certificate No.   Date Issued
--------------------------------------------------------------------
Cactus Consultants       1,000,000          2650           5/10/95
 Co. Ltd.
Crystal Securities       1,000,000          2649           5/10/95
Elmswell Investments,
 Inc.                    1,000,000          2648           5/10/95

As a result of this stock cancellation, BrainTech now has 17 million outstanding shares of common stock.

Owen Jones, president, says, "The cancellation of these shares is an example of our efforts to restructure the company. In this case we have increased shareholder value by reducing the number of outstanding shares by approximately 15%."

BrainTech Inc. has offices located in Vancouver and Austin, Texas and is engaged in the design and development of advanced recognition technologies based on the workings of the human brain. BrainTech is the creator of the BrainTron(TM) microprocessor, which incorporates advanced parallel techniques and can process information faster than the popular Intel Pentium(TM) microprocessor.

CONTACT: Sitra Enterprises Investor Relations

BrainTech, Inc.

J. Scott Sitra, 512/453-3817