NEWS RELEASE FOR:
STRATEGEM CAPITAL CORPORATION.
VANCOUVER, BRITISH COLUMBIA – August 16, 2002 The Company announces that it will be holding its Annual General Meeting on September 19, 2002 at 10:00 am. The Company’s Information Circular is scheduled to be mailed shortly and includes the Company’s proposal to consolidate the share capital on a 5:1 basis in order to enhance opportunities for financing. The share consolidation is at the discretion of the board of directors and will be effected if deemed necessary.
The share consolidation is subject to shareholder and Exchange approval. The Company will not be changing its name in connection with the consolidation.
About Strategem Capital
Strategem Capital Corporation is a publicly-traded merchant bank focused on the development of emerging technology companies with the potential for exceptional growth.
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, 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.