Belzberg Ends Strategic Initiatives Process

    TORONTO, Sept. 19 /CNW/ - Belzberg Technologies Inc. (TSX:BLZ) announced
today that it has ended its strategic initiative process. Given its strong
balance sheet, current growth and its growth prospects both in terms of
revenue and profitability, the Company continues to believe that the current
market price of its shares does not properly reflect the Company's value.
    Although there were several indications of interest, none reflected a
value that the Company's Board of Directors believes was fair and equitable to
its shareholders. The Company may revisit a similar process at some point in
the future.
    The Company will continue to focus on growth and profitability by
delivering cutting edge technology-based brokerage services.

    About Belzberg Technologies

    Belzberg Technologies Inc. is a provider of technology-based brokerage
services, trading equities and options through Electronic Brokerage Systems,
Belzberg Technologies' wholly owned agency-only broker-dealer. Electronic
Brokerage Systems is a member of most North American stock exchanges, options
exchanges and clearing organizations, including the NYSE, NASDAQ, CBOE, NSCC
and OCC. Using Belzberg's suite of integrated trading tools and network
connectivity, Belzberg's customers have direct access to all North American
equities and options markets. The firm's client-base includes over 200 leading
U.S and international brokerage houses and financial institutions. Belzberg
Technologies is listed on the Toronto Stock Exchange (Ticker-BLZ) - additional
information is available at

    Forward looking statement disclaimer

    Except for historical information contained herein, the matters discussed
in this press release are based on forward-looking statements that involve
risk and uncertainty. A variety of important factors could cause results to
differ materially from such statements, including but not limited to economic,
competitive, governmental and technological factors affecting the company's
operation, markets, products, prices and other factors.

For further information:

For further information: Sid Belzberg, Chief Executive Officer, Phone:
(416) 360-1812, E-mail:

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