CompuSoft Canada Inc. Announces Metals Leader, Ryerson Tull, Inc. Chooses TraceAbility

Business Wire, Nov 1, 1999

EDMONTON, Alberta--(BUSINESS WIRE)--Oct. 30, 1999--

CompuSoft Canada Inc. (ASE:CUT) announced today that they have an agreement with North America's leading distributor of metals, Ryerson Tull, Inc. (www.ryersontull.com) The contract is valued at nearly C$1 Million for the implementation of TraceAbility(r) Software and related services at 41 of the company's nearly 70 plants.

Beyond the revenue generated by this agreement, the company believes that this decision by Ryerson Tull, Inc. lends significant credibility to CompuSoft Canada Inc., its technology and its people. "Adding the industry leader to our client list certainly positions us in achieving our goal of becoming the metals industry standard," said Ted Power, CompuSoft's Chairman. "Ryerson Tull is closely watched by the industry and their strategic purchase is likely to be replicated throughout the industry."

Ryerson Tull, Inc. is North America's leading distributor and processor of metals with 1998 annual sales of US $ 2.8 billion. The company has a network of nearly 70 plants across the United States and Canada. Through joint ventures, the company operates service centers in Mexico and Asia and maintains metals trading capabilities throughout the world. In February 1999, Ryerson Tull merged with Inland Steel Industries, becoming an independent publicly traded company.

The TraceAbility(r) Solution Series is a unique software technology specifically designed for managing the quality assurance documentation of metals industry clients engaged in distribution, and/or fabrication. CompuSoft management estimates that the market for TraceAbility(r), TraceAbility(r) Online and related services in the U.S. and Canada is 31,000 installs, equaling approximately C$1 Billion. A self-running demonstration of TraceAbility(r) and letters of reference from satisfied customers are available on the CompuSoft Canada Inc. Web Site at www.compusoftware.com. CompuSoft Canada Inc. is a public company trading on the Alberta Stock Exchange (ASE:CUT).

This release may contain forward-looking statements with risks and uncertainties that may cause the actual results to differ materially from those intended or anticipated by the Company. TraceAbility(r) and TraceAbility(r) OnLine(tm) are trademarks of CompuSoft Canada Inc. The Alberta Stock Exchange has neither approved nor disapproved the information contained herein.