Montréal, August 11, 2003 – Investissement Desjardins, through Capital régional et coopératif Desjardins and the Fonds d’investissement Desjardins de  Montréal, announce an investment of $3-million as part of a financing agreement totalling $4-million to support the growth of Invidex. The Montréal-based company specializes in the supplying and coordination of broadcast video services.

The investment will allow Invidex to advance the development of its technology platform and to launch its début product in the United States, Latin America, Europe and the Middle East.

“We are very proud to associate with Invidex, a business run by a management team possessing in-depth experience and supported by a high calibre board of directors,” says André Petitclerc, Vice President, Information Technology, Investissement Desjardins. “This company is well-positioned in the broadcast video industry with a cutting-edge technology platform and a very solid business model,” he concludes.

“Our partnership with Investissement Desjardins represents an important stage in our development,” adds Christian Bélair, President and CEO of Invidex. “Invidex now has the support of a major financial institution, whose approval of our technology and our business model is yet further proof that Invidex will ultimately succeed in the market with its products and services,” he adds.

 About Investissement Desjardins

Investissement Desjardins is the venture capital fund management arm of the Mouvement des caisses Desjardins. It manages the assets of ID, a limited partnership, the six Investment Desjardins regional funds, as well as Capital régional et coopératif Desjardins, a public fund whose assets under management are projected to reach close to $1.5-billion over the next ten years. More than a financial partner, Investissement Desjardins makes its network and expertise available for businesses in their startup, growth and expansion, as well as their plans for mergers, acquisitions or public offerings. More than 150 companies are already associated with Investissement Desjardins. (www.desjardins.com/id)

About Invidex

Invidex offers global broadcast video services and automation tools that vastly simplify the processes for procuring, provisioning, accounting and reselling of broadcast video transmission capacity, production facilities and services. Today, Invidex is bringing that vision of simplicity to more than 40 broadcasters worldwide and performing hundreds of transmissions each month. Invidex is now a leading provider of innovative managed global video transmission services. (www.invidex.com)

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 For more information:

Ms Danièle Routhier
Public Affairs Manager
Investissement Desjardins

Tel: (514) 281-2211
daniele.routhier@invdesjardins.com

Mr Stuart Logie

Marketing Manager

Invidex Inc.

Tel: (514) 608-7373

stuart.logie@invidex.com

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