NEWS RELEASE FOR:
DEXTON TECHNOLOGIES CORPORATION.
VANCOUVER, BRITISH COLUMBIA –September 24, 2001 –Dexton Technologies Corporation (the “Company” or “Dexton”) (CDNX: DXT) announced today that it has made a Secured Convertible Bridge Loan (the “Loan”) to eReservation Systems Corp. (“eReservation”). The Loan has a six month term, earns interest at 18% per annum, and is convertible into shares of eReservation at $0.24 per share. The Loan is secured by real property owned by a director of eReservation, the pledge of shares of eReservation owned by a director and certain shareholders of eReservation, a promissory note, a convertible bond, and an assignment of book accounts of eReservation. Dexton also received 300,000 shares of eReservation as additional consideration for making the Loan.
About Strategem Capital
Strategem Capital Corporation is a publicly-traded merchant bank focused on the development of emerging companies with growth potential. The Company invests in debt and/or equity positions in these companies.
This release and prior releases are available on the Company’s Internet web site located at www.strategemcapital.com.
BY ORDER OF THE BOARD OF DIRECTORS
“Kenneth W. Morgan”
Kenneth W. Morgan, CA, CPA
President, CEO and Director
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.