Briefs

TORONTO--(BUSINESS WIRE)--Nov. 17, 2003--ANGOSS Software Corporation (TSX VENTURE: ANC), a data mining software solutions provider, announced today the completion of a $2,300,000 private placement preferred share financing.

The proceeds of the offering, estimated at $2,200,000, net of offering expenses of approximately $100,000, will be used to double the company's North American and European sales force, support planned corporate marketing and product management personnel hires, and fund product launch and related corporate marketing and communications initiatives.

"We have been fortunate during 2003 to strengthen our North American and European teams with key sales and professional services hires" commented ANGOSS President Eric Apps. "We believe this financing will provide the capital we need to expand and increase the effectiveness of our sales and solution delivery organizations to support achievement of our growth plans."

See www.angoss.com