January 13, 2004 - Credential Direct Deploys Recognia Services

Ottawa/Montreal, Canada, January 13, 2004— Recognia Inc., a leading provider of automated technical analysis tools, is pleased to announce that Credential Direct is now offering its online brokerage customers access to Recognia's suite of Technical Event® identification and chart pattern recognition tools. Recognia's analytical tools provide investors with the ability to research stocks using recent technical formations, helping them to uncover new investment opportunities and make more informed trading decisions.

Credential Direct was ranked second overall in Gomez Canada's December 2003 survey of online brokerage firms, which included number one rankings in both the Serious Investors and Customer Confidence categories.

"Credential Direct's commitment to providing our customers with a comprehensive online offering has been enhanced with the addition of Recognia's Technical Analysis services," said Margaret Yee, Chief Investment Officer of Credential Financial Inc. "The Recognia tools, coupled with other significant additions, help us to provide excellent customer-centric solutions and the best tools for their investing needs."

Recognia's Automated Investment Research is based on Technical Analysis. This full suite of products includes the Recent Technical Event Lookup, a Technical Event Stock Screener and Technical Event Alerts. The latter allows investors to set alert criteria for a specific stock. Once the alerts are set, the investor will receive automated emails that provide convenient notification of Technical Event opportunities for stocks and indices, which will assist with trading strategies and provide important notification about changing market situations.

Technical Analysis is the quantitative side of Investment Research. It is distinct from Fundamental Analysis, where investors use company and market information (such as earnings, balance sheet, interest rates, etc.) to make investment decisions. Until now, investors have required extensive training and manual intervention to use Technical Analysis to support their investment decisions. The use of advanced computer technologies and innovative approaches has allowed Recognia to automate the process of finding, categorizing, and presenting events based on Technical Analysis principles.

"Credential Direct's focus on expanding their offering for self-directed investors made Recognia an important choice," says Sean Church, President of Recognia. "They have made significant investments in new technologies and tools to better serve the Serious Investor. We are pleased to be able to help them provide their customers with the very best in investment analytics."

For more information please contact:

Sean Church
Recognia Inc.
220 - 1140 Morrison Drive
Ottawa, ON K2H 8S9
(416) 697-8400
schurch@recognia.com

Margaret Yee
Chief Investment Officer
Credential Financial Inc.
800 - 1111 West Georgia Street
Vancouver, BC V6E 4T6
(604) 714-3808
m.yee@credential.com

About Recognia
Recognia Inc., a privately held company founded in 2000, provides automated Technical Event® identification and chart pattern recognition to financial web sites, online brokerages and other trading institutions. Recognia has developed patented technology for chart pattern recognition and the identification of other types of technical formations. Recognia's technology is capable of recognizing patterns and other formations in the price charts of any publicly traded financial instrument including stocks, bonds, funds, commodities, currencies and indexes. Recognia also provides a range of delivery methods that allow brokers, and other organizations, to deliver this information to their clients and accountholders. Recognia also maintains an unrivalled historical database of information relating to chart patterns and other technical information, providing historical context and past performance information.

About Credential Direct
Credential Direct is an online brokerage service that provides credit union members and independent investors access to self-managed investment services. Launched in 2000, Credential Direct enables investors to access powerful online trading tools and investment research directly, or through their credit union's Internet portal. Credential Direct is a division of Credential Securities Inc.