On December 8, 2004, 20-20 Technologies Inc., the world’s leading provider of computer-aided design and sales software for the interior design industry, completed its initial public offering of 6.154 million common shares at $6.50 per share, for gross proceeds of $40,001,000. Of these shares, 389,540 were being offered by a selling shareholder by way of a secondary offering at the same price of $6.50 per share. On January 10, 2005, 20-20 closed the exercise of the over-allotment option granted to the underwriters in the amount of $6,000,150, bringing the total gross proceeds of the offering to $46,001,150. 20-20 intends to use the net proceeds of the offering to fund its growth and continue expansion in computer-aided design for the commercial and residential design markets.

TD Securities Inc. was the sole bookrunner for the offering and, together with BMO Nesbitt Burns Inc. and Desjardins Securities Inc., was co-lead manager of the underwriting syndicate, which also included CIBC World Markets Inc. and Westwind Partners Inc.

The underwriters were represented by Davies Ward Phillips and Vineberg LLP with a team that included Maryse Bertrand, David Torralbo and Lloyd Perry Feldman (corporate securities), Mario Cavalancia (tax) and Daniel Garant (Intellectual Property).