BELZBERG TECHNOLOGIES SUBSCRIBES TO PRIVATE SHARE PLACEMENT.

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TORONTO, Jan 2 CNW-AsiaNet - Belzberg Technologies Inc. (TSE:BLZ) has announced it has entered into a subscription agreement for the private placement of 333,334 common shares at a price of Cdn$15 per share for total proceeds of Cdn$5,000,000 with the highly respected Henderson Technology Trust PLC of London, England.

Completion of the private placement is subject to receipt of all applicable regulatory approval, including the consent of The Toronto Stock Exchange. Bucephale Investment Management S.A. of Geneva, Switzerland, acted as agent of the company in connection with this private placement. The company has 10,718,890 common shares issued and outstanding.

About Belzberg Technologies, Inc.

Belzberg Technologies Inc., whose common shares trade on The Toronto Stock Exchange under the symbol BLZ, is a Business Solutions Provider whose state-of-the art, electronic trading system is the talk of Wall Street.

Belzberg systems handle a significant percentage of the daily volume on the New York and Toronto Stock Exchanges, and their share is growing. Belzberg systems are also used for trading on Nasdaq, AMEX, the Chicago Board of Options Exchange (CBOE), U.S. regional exchanges, and numerous alternative exchanges and ECNs.

Approximately 80 major financial firms use the Belzberg system for their daily trading.