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Cenosis Notes Possible Big Change, Postpones Annual Shareholder Meeting

Press release from the issuing company

December 19, 2002 -- Cenosis Inc. announced today the postponement of its annual and special meeting of shareholders. The decision is a result of as yet incomplete though ongoing management negotiations with various parties which will yield agreements resulting in significant material changes. The said agreements may require shareholder approval. Management expects to announce the revised meeting date shortly. 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.