News Release

ASC Executive Director releases edatanetworks Inc. and its former President from undertakings

Jul 26, 2019

CALGARY – July 26, 2019 – The Executive Director of the Alberta Securities Commission (ASC) has issued letters to edatanetworks Inc. (edata) and Terrence Tietzen, releasing them from undertakings they provided in 2018.

Edata and Mr. Tietzen provided undertakings not to trade, distribute or resell securities issued by edata. Based in part on certain representations made by edata and its legal counsel, these undertakings are no longer in effect. The release letters to edata and to Mr. Tietzen can be found on the ASC website at albertasecurities.com.

The ASC cautions that a release from undertakings is not and should not be interpreted as an approval, review or endorsement of any person, company or investments.

The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted with fostering a fair and efficient capital market in Alberta and with protecting investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

-30-

For further information please contact:

For Media Inquiries:

For Investor Inquiries:

Hilary McMeekin
Communications Manager
403-592-8186

ASC Public Inquiries
Toll Free: 1-877-355-4488