Central Network Communications Inc., Completes the Acquisition of SoftDimension Inc

Business Wire, Feb 15, 2001

Business Editors

MONTREAL--(BUSINESS WIRE)--Feb. 15, 2001

SoftDimension Inc.'s President, Mr. Marc Letellier, Announces

Signed Distribution Partnership Agreements with CFG Inc.

and Informatique DBD Inc.

Central Network Communications Inc. (Pink Sheets:CNCW), an e-Solution provider, today announced the completion of the acquisition of SoftDimension Inc., through its wholly owned subsidiary CNC Canada Inc.

This concludes the transaction initiated by a purchase agreement of SoftDimension Inc. in August 2000.

Meeting the HR and Payroll management needs of the Canadian Small and Medium size Enterprises (SME's) and healthcare sector, SoftDimension's solutions can run in-house or be outsourced through an Application Service Provider (ASP). The modules can be used separately or together and complement CNC's hospital cost management solutions. Through its distribution strategy, SoftDimension Inc. will bring to the market value-added solutions, including management services such as e-Learning, business reengineering, best HR practices and training.

Albert Delmar, President and CEO of CNC stated that "This acquisition will give CNC the tools to adress the needs of a continually evolving industry in which dynamic human resource management is a key success factor in facing the challenges of the new economy." Delmar added "This will also bring additional revenues of more than 1.5 million USD over the next 2 years to CNC."

Along those lines, Mr. Letellier has already completed Distribution Partnership Agreements with CFG Inc. and DBD Informatique Inc. These business partners will sell, implement and provide technical support of SoftDimension's suite of products to their corporate clients. CFG Inc. is a Canadian consulting group offering enterprise management services and produces over 600 public and corporate training sessions annually to several thousands of managers and professionals. CFG Inc. will develop the e-Learning content for SoftDimension's products.

DBD Informatique Inc. is a Canadian computer manufacturer which will bundle SoftDimension's software solutions as a value-added business solution through their distribution channels in France, Bulgaria, South Africa and Lebanon. In addition to their international market, DBD Informatique is well established in Quebec with clients in the private, municipal and educational sectors.

"I'm very pleased to be part of the CNC family and contribute to their growth and success," said Marc Letellier, President of SoftDimension Inc. and VP Marketing of CNC Canada Inc." On another note M. Letellier added "In addition to CFG Inc. and DBD Informatique Inc. we are currently in the final stages of negotiations with other potential business partners to achieve our strategic distribution objectives."

About SoftDimension Inc.

Since 1992, Soft Dimension Inc. (www.softdimension.net) has been researching, developing and innovating Human Resource Management information products and services. It provides a wide range of integrated modular Information Systems solutions in areas such as HR, Payroll and Employee Assistance Programs as well as accident tracking systems for the trucking industry. Some of SoftDimension's clients include: Jewish General Hospital and LeGardeur Hospital (both in the Montreal region), Drakkar Ressources Humaines, Secur, Cabano-Kingsway and Ryder Integrated Logistics.

In its first year of full system deployments, SoftDimension Inc. generated revenues of 330,000 CDN for the year closing January 31st, 2001. Projected revenues for the next two years are totaling 3.0 million CDN.

Their proprietary, leading edge solutions include: WinHR, WinEAP, WinPay, WinTIME and Traccident.

About Central Network Communications Inc.

Central Network Communications Inc., a holding company for solutions providers, has assembled an impressive portfolio of growing leading edge companies having a primary focus on management software solutions for e-health, insurance and information technology. CNC's Securities are traded on the Pink Sheets under the symbol CNCW.

"The Company continues to advance in its efforts to be relisted on the Bulletin Board," says CEO Albert Delmar, "it is our number one priority."

More information about CNC, including recent financial statements, can be found on its website: www.centralnetcom.com.

The statements contained in this release which are not historical facts contain forward-looking information with respect to plans, projections or future performance of the company; the occurrence of which involves certain risks and uncertainties that could cause the company's actual results to differ materially from expected results. Such risks include the timing of implementation and the scope and success of the program described herein.