SoftQuad Completes Acquisition of Alpha Corporation

Business Wire, Feb 3, 1997

TORONTO--(BUSINESS WIRE)--Feb. 3, 1997--(NASDAQ SWEBF, TSE SKI) SoftQuad International announced today that it has completed the previously announced acquisition of Alpha Software Corporation. All of the existing shares of Alpha Software were acquired by SoftQuad on January 31, 1997 for a total consideration of 2.1 million common shares of SoftQuad and US$700,000.

Alpha Software Corporation is a leader in data base software solutions for business users.

The SoftQuad shares issued in connection with the Alpha acquisition transaction have not been registered under the Securities Act of 1933, and may not be offered or sold absent registration or an applicable exemption from registration requirements.

Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risk and uncertainties, including without limitation risks of intellectual property rights and litigation, risks in technology development and commercialization, risks in product development and market acceptance of and demand for the Company's products, risks of downturns in economic conditions generally, and in the software application development tools and business intelligence tools markets specifically, risks associated with competition and competitive pricing pressures, risks associated with foreign sales and high customer concentration and other risks detailed in the Company's filings with the Securities and Exchange Commission.

CONTACT: SoftQuad International Inc.

David Gurney, 416/ 544-9000

or

SoftQuad International Inc.

Selwyn Wener, 416/ 544-9000