Outer Edge Signs Detailed Letter of Intent to Acquire100% of VISION/R4 Corporation and A.R.T.I...

Business Editors

TORONTO--(BUSINESS WIRE)--July 25, 2000

Outer Edge Holdings Inc.'s (CDN:OEIL.) (OTCBB:OEIL) Board of Directors announced today that the company has signed a detailed letter of intent to amalgamate with an Ontario company ("DebtCo") that holds most of

The company resulting from the amalgamations will be named "VISION CANADA INC."

The letter of intent contemplates VISION's value at $9 million dollars ($9,000,000.00). As such, VISION's shareholders would receive 20 million common shares of the new company, VISION CANADA INC. DebtCo's shareholders, which hold approximately $400,000 of Outer Edge's debt, would receive approximately 900,000 shares of VISION CANADA INC. and Outer Edge's shareholders would receive approximately 1,800,000 shares of VISION CANADA INC.

In addition, Outer Edge will up-date all filings with the applicable securities commissions and call a meeting of its shareholders to consider and approve the amalgamations.

Jean-Paul Ouellette, President and CEO of VISION stated that VISION is "a unique and niche software/IT company whose main product 'APOGEE' is marketed as an advanced Activity Based Management Solution in a client-server environment. This business intelligence and managerial decision support solution is rapidly replacing traditional and outdated (ERP) Enterprise Resource Planning solutions. According to forecasts set forth by the 'ARC Advisory Group', Activity Based Management Solutions should, within the next 30 months, predominate 70% of all the ERP and services market."

With a proven track record of sales, VISION offers an existing and highly satisfied clientele who serves as testimonials for the advantages ABM offers to organizations, as well as, VISION's professionalism.

With its head office in Montreal, P. Quebec and other offices in Boston, Pittsburgh, Los Angeles, Toronto and Ottawa, VISION caters to organizations across the globe having established a client basis in the United States, England, Germany, the Caribbean, China and Canada. Amongst its valued clients, VISION has such prestigious organizations as Measure Canada (Government of Canada), the German Government, Fairfax Financial Holdings, Federation des Caisses Populaires Desjardins and Musee du Quebec, as well as many major insurance organizations around the United States such as Seqouia Insurance and Markel Insurance.

Presently, VISION is in the process of finalizing VAR Agreements for Europe and China thereby expanding its sales channels. Marketing presence in these key geographical areas offers high sales potential for VISION.

As of the date of this release there are 7,195,000 shares issued and outstanding. For more information, please contact Mr. Kenneth Johnson at (416) 486-2481, or feel free to visit VISION's web site at www.visionca.com or you may contact us by E-mail: oeil@pathcom.com.