Thompson Kernaghan on behalf of CALP 11 and Advantage 'Bermuda' Fund Ltd. Appoint Receiver For Jawz Canada Inc

Business Wire, August 27, 2001

Business Editors

CALGARY, Alberta--(BUSINESS WIRE)--Aug. 27, 2001

Canadian Advantage Ltd. Partnership and Advantage (Bermuda) Fund Ltd. care of Thompson Kernaghan of Toronto today appointed a Receiver / Manager for JAWZ Canada Inc. (OTC:JAWZ), to manage the orderly sales of the assets of JAWZ Canada and the payment of liabilities.

Only critical work in progress will be managed by the Receiver in the interim with a view to an expedient transition. All creditors and customers of JAWZ Canada Inc. should contact Alternative Recoveries Inc, 510 710-7th Avenue, SW, Calgary, Alberta, T2P 0Z1.

This, in effect, will cause the operating subsidiary JAWZ Canada Inc. to cease operations immediately with the exception of completing any work currently underway for our clients. The operating subsidiary will not continue to solicit new business.

We believe that this event will benefit our shareholders who have invested in the parent company JAWZ Inc. (NASDQ OTC BB) by containing the liability associated with the subsidiary company, thereby preserving the parent company's assets plus preventing further deterioration given the current business and capital market conditions.

The company's banker, Thompson Kernaghan has refused any further funding and has demanded repayment As such the company can now clearly assess its position as it relates to Thompson Kernaghan.

Any statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and involve risks and uncertainties. Potential factors could cause actual results to differ materially from those expressed or implied by such statements. Information on the potential factors that could affect the company's actual results of operations are included in its filings with the Securities and Exchange Commission. These risks may be further discussed in periodic reports and registration statements to be filed by the Company from time to time with the Securities and Exchange Commission in the future, including but not limited to the Company's S-3 Registration Statement filed January 27, 2001.