Investments of Pala Investments Holdings Limited in Gemcom Software International Inc.

    TORONTO, March 18 /CNW/ - Pala Investments Holdings Limited ("PIHL")
announced today that it has acquired through the facilities of The Toronto
Stock Exchange ownership of 1,068,700 common shares of Gemcom Software
International Inc. ("Gemcom"). This acquisition increases its share ownership
in Gemcom to 6,315,800 common shares representing, to the knowledge of PIHL,
11.82% of the issued and outstanding shares of Gemcom. PIHL has acquired the
shares for investment purposes only. PIHL may acquire additional securities if
they become available at prices that are attractive to PIHL.

For further information:

For further information: Jan Castro at 011 41 41 560 9070

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Pala Investments Holdings Limited

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