Funded Local Who is raising money in your own backyard?

Vancouver, BC, April 14, 2005--IP Applications Corp. today announced a non-brokered private placement led by Pender Growth Fund Inc., of 2,424,242 common shares at a price of $0.33 per shares for gross proceeds of $800,000.

Vancouver, BC, April 12, 2005--(T-Net)--Offshore Systems International Ltd. today announced the closing of the Company's private placement for gross proceeds of CDN$19.5 million initiated March 8, 2005. OSI received shareholder approval for the financing by more than 97 per cent of the votes cast at its annual general meeting held in Vancouver on April 8, 2005.

Vancouver, BC, April 11, 2005--(T-Net)--Offshore Systems International Ltd. announced that the Company had received shareholder approval for a private placement of up to CDN$19.5 million at its annual general meeting held in Vancouver today. The private placement is expected to close next week.

Vancouver, BC, April 8, 2005--Peer 1 Network Enterprises, Inc. today announced the closing of a non-brokered private placement previously announced on March 16, 2005. 4,750,000 common shares priced at $0.28 per common share were issued for gross proceeds of $1,330,000. All securities issued are subject to a four month hold period to August 9, 2005, in accordance with TSX Venture Exchange policy and applicable securities laws.

The subscriber to the offering, Werner K. Paulus, a director of Peer 1, acquired the 4,750,000 common shares issued.

Vancouver, BC, April 6, 2005--VANCOUVER Avcorp Industries Inc. (TSE.AVP) (the Company) announces that further to its news release of March 3, 2005, the Company has now closed a private placement of 9,635,000 units (the Units), 3,100,000 of which was subscribed for by insiders of the Corporation (the Insiders). Each Unit consists of one common share of the Company (a Share) and one share purchase warrant (a Warrant). Units issued to Insiders consist of one Share and one Warrant.

Vancouver, BC, April 4, 2005-Westport Innovations Inc. today announced that it and a consortium of partners led by Sacre-Davey Innovations Inc., have been awarded approximately $6 million by the Government of Canada to develop and demonstrate hydrogen technology in energy and transportation applications.

This new funding award relates to a previously announced Vancouver-based demonstration of public transit buses fueled with compressed natural gas (CNG) and hydrogen-enriched natural gas known as HCNG. Further details about this project and partners will be disclosed at a later date.

Vancouver, BC, March 17, 2005--Peer 1 Network Enterprises, Inc. (TSX VENTURE:PIX), a leading provider of high-performance Internet infrastructure, today announced a non-brokered private placement of up to 5 million shares priced at $0.28 per common share. This transaction is subject to regulatory approval.

The proceeds of this private placement will be used for general working capital requirements.

About Peer 1 Network

Vancouver, BC, March 10, 2005--Optimal Geomatics Inc., TSXV: OPG, a geomatics service and software provider to the powerline and pipeline utility sector is pleased to announce that it has closed its previously announced private placement for gross proceeds of $1,928,625 by the sale of 7,714,500 common shares at a price of $0.25 per share. The proceeds will be used for general working capital.

The hold period of 4 months will expire July 5, 2005.

Vancouver, BC, March 3, 2005--Avcorp Industries Inc. (AVP on the Toronto Stock Exchange) announced it has arranged a private placement of up to 9,500,000 units at a price of $0.25 per unit, to raise gross proceeds of $2,375,000.

VANCOUVER, British Columbia, Canada – Westport Innovations Inc. (TSX:WPT) today announced it has been granted $567,000 in funding from the National Research Council of Canada (NRC) to offset costs related to Westport’s work in Asia and the development of Westport’s natural gas and hydrogen engine technologies.

NRC’s Industrial Research Assistance Program (IRAP) is providing the funding, which will be immediately available to Westport in support of its initiatives announced for the Asian market, particularly China, as well as work on the Isuzu, Ford, and BMW programs.