EXHIBIT 99.1
E-XACT APPOINTS FAHLMAN TO CEO AND PRESIDENT
E-Xact Transactions Ltd EXZ
Shares issued 8,447,000 Nov 17 2000 close $.390
Nov 20 2000 2:11:00
Mr. Peter Fahlman reports
Peter Fahlman of Vancouver, B.C., has been appointed president and chief
executive officer of the company.
As a founder of E-xact and former vice-president of corporate development, Mr.
Fahlman has been a key contributor in both business development and management.
With his appointment, the company will relocate its core operations to its
international office in Vancouver.
Mr. Fahlman stated: "Our decision to concentrate our operations in Vancouver
will permit us to consolidate our resources and reduce our expenditures. We will
be refocusing our efforts on our core services in order to build on our
company's strengths and provide our customers and shareholders with the best
service possible."
Mr. Fahlman replaces Ted Henderson who has resigned as an officer and director
of the company. Mr. Henderson will consult to the company for a transition
period.
