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Alterna appoints Director - Corporate Communications

CALGARY, Alberta, January 3, 2001 - Alterna Technologies Group Inc., the premier global provider of Internet-based liquidity, cash and treasury management solutions, has appointed Ian Fraser to the newly created position of Director - Corporate Communications, based at the company’s world headquarters in Calgary. Ian has over 25 years’ experience in international corporate communications and journalism.

Gonzalo Naranjo, President and CEO, said: "Alterna’s customer base is growing rapidly, as is our geographical reach. Ian’s understanding of corporate communications and the financial services industry in the Americas, Europe and Asia will help us build relationships with the people who are key to Alterna’s success - customers, our employees and our shareholders."

Ian joins Alterna from SWIFT, the Belgium-based global financial communication provider, where from 1995 to 2000 he was Head of Public Relations. From 1988 to 1995, Ian worked for Reuters, the global information, news and technology group, where he held senior corporate communications roles in Hong Kong, Tokyo and at the company’s head office in London. From 1986 to 1988, Ian was Group Director - Corporate Affairs for Hill and Knowlton Asia Limited in Hong Kong. From 1981-1986, he was Manager - Publications and Employee Communications for Montreal-based Alcan Aluminium Limited.

Ian began his career as a journalist in Canada. From 1975 to 1981, he worked consecutively for The Montreal Star newspaper, The Canadian Press national news agency and The Vancouver Sun newspaper. Ian holds a BA in history and political science from Trent University in Ontario.

Alterna Technologies Group Inc. is a world leader in secure Internet-based liquidity, cash and treasury management solutions for corporations and financial institutions. Our solutions help our customers efficiently and cost-effectively communicate, integrate and process financial and business transaction information. Our e-finance services include comprehensive corporate treasury management systems, in-house banking and centralized payments processing, as well as cash and liquidity management tools that closely integrate with accounting, ERP (enterprise resource planning), banking and other internal and external systems. Founded in 1995, Alterna is a privately held Canadian corporation based in Calgary, Alberta, with offices in the United States and Europe.