ZyTrax, Inc.

Montreal February 7th, 2004

ZYTRAX, Inc. was founded in 1994 to design, develop and market IP network solutions and services. The company is located in Montreal, Quebec, North America's premier multi-cultural, multi-lingual city (around 80% of the population of the city are bi-lingual in English and French). Montreal has excellent technical and cultural resources, an amazing choice of restaurants, a great Hockey team (well, some years are better than others), great bagels and the vibrancy that comes from strong cultural links to most parts of the world ....oh, and it gets a bit of snow in the winter. Just a plain fun place to be based.

The company's founding investors were Technocap, Inc. one of Canada's largest high tech venture capital companies with over $100m in funds and Nouveler, Inc. (the ex venture capital arm of Hydro Quebec). The company also attracted funding from the Quebec government through the former Société Developpement Industriel (SDI now Investissement Québec) whose task was to invest in strategic growth companies. In total the company attracted over $4m in equity, tax credits and long term loans.

ZYTRAX provides Training Services in the fields of DNS, LDAP and Telecommunications using subject-matter experts who are acknowledged experts in their fields. The company's objectives are Knowledge Transfer and Acquisition on the part of its clients. Simply teaching a subject is no longer enough. It is important in today's fast moving world that students both know the covered material and, vitally, understand it and are thus able to keep up with changes in their selected technological field without continuously needing refresher courses.

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