March 5th, 2001, Montreal - Cenosis Inc. (MSE: CE) announces that subsequent to due diligence it has decided not to proceed with the transaction to acquire a majority stake in Communicorp Corporation under the terms announced on February 22, 2001. Cenosis Inc. is a high technology company active in the development and integration of software solutions, mainly for the publishing and graphic communications industries. Its wholly-owned subsidiary, KangaCom Inc., is an application service provider (ASP) offering software solutions for the transfer of large data files and digital workflow automation. Through its subsidiaries, StanMont in Montr/al and the Leading Group of Companies Inc. in Toronto, the Company offers an integrated suite of digital and traditional content management services. The common shares of Cenosis Inc. are traded on the Montreal Exchange under the symbol "CE". Consult its Web site: http://www.cenosis.com