Vancouver, Canada, October 2, 2001 - Bucking the recent trend of failures in the telecom software industry, Altus Solutions Inc. of Vancouver, B.C. announces today that it has raised $2 million CDN in Round A equity financing. In addition, Altus Solutions has restructured over $3 million CDN of debt and has plans to significantly increase staffing in the coming year. Altus Solutions develops, markets and supports a family of software products that enable real-time performance and traffic management of multi-vendor wireline and wireless networks. Altus Solutions? carrier-grade solutions enable telecom service providers to deliver a high quality of service to their customers. Altus draws upon the strength of its channel partner, Compaq Computer Corporation for its technology, sales and services organizations. The $2 million funding from RoyNat Capital Corporation Smart Seed Fund Limited Partnership will be used to ramp up sales and marketing activities as well as continue to fund the development of the company?s next generation wireless products. Concurrently with this financing, the company was able to reduce its non-operating expenses dramatically through a debt restructuring with Orchestream Canada Inc. and other creditors. Management estimates the one time value of these accommodations to be in excess of $3 million and with savings of $500,000 annually. Alnoor Kassam of Smart Seed Fund states, ?Smart Seed is in the business of nurturing world class companies in Vancouver. We identified Altus Solutions early on as having strong potential to fulfill this mandate. We saw a natural fit in which Smart Seed could apply its resources and skills to advance the development of Altus in the wireless domain. After tracking their progress, it became clear that Altus held the knowledge, experience and fortitude to prosper in this industry. We are ecstatic to play a significant part in the future development of this company.? Mike Stewart, Senior Investment Manager of RoyNat Capital Inc. comments ?Altus Solutions is well positioned to become a leader in a huge market segment. What is refreshing is that this is a company with real products and real revenues in a growing market segment. RoyNat was very impressed by the depth and determination of the Altus Solutions team. Their demonstrated ability to bring products to market and manage cash flow during difficult times makes Altus an attractive investment.? News Release Paulin Laberge, President and CEO of Altus Solutions, states, ?We are very pleased to close a round of financing. Since our inception two years ago, the company has earned in excess of $5.5 million which has enabled us to self-fund the development of our next generation wireless performance management products. This investment will allow us to ramp up sales and marketing activities to bring these new products to market. About Roynat Capital Inc. RoyNat Capital is Canada's leading private sector merchant bank, providing specialized financing through senior debt, subordinated debt, mezzanine financing and equity to medium-sized businesses through its 22 branches across Canada. RoyNat Capital is committed to providing total business solutions including acting as financial partner and advisor on management buy-outs, business mergers and acquisitions, and succession financing. RoyNat Capital is a member of the Scotiabank Group. About Smart Seed Fund Smart Seed Fund helps turn young high-potential companies into World-Class companies by providing complimentary management skills, networks, and capital. Our true focus on the critical "early stage" makes Smart Seed the source for young high-potential companies looking to grow and develop. About Altus Solutions Inc. Altus Solutions develops, markets and supports a family of software products that enable real-time performance and traffic management of multi-vendor wireless, wireline, IP and SS7 networks. Altus Solutions? carrier-grade solutions enable telecommunications service providers to deliver a high quality of service to their customers. Backed by Compaq Computer Corporation?s technology, sales and services organizations, Altus Solutions supports the needs of its worldwide customers. For further information, please contact: James Suk MarCom Manager Altus Solutions Inc. media@altus-solutions.com Phone: 604-205-9906 Fax: 604-205-9940 Smart Seed Contact Info: Shaheen Tejani General Partner Smart Seed Fund Limited Partnership Inc Shaheen@smartseed.net Phone: 08-4100 x.102 RoyNat Contact Info: Mike Stewart Senior Investment Manager RoyNat Capital Inc. stewartm@roynat.com Phone: 416-933-7934 -30-