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CNQ - Announces Success of First IPO

CNQ – Canada’s New Stock Exchange announces success of first IPO.



SCO Medallion Healthy Homes contributes to record trading on CNQ.



CNQ welcomed its first IPO on October 18, 2004 – SCO Medallion Healthy Homes Ltd. It was off to a good start as the most active trader and the third highest volume stock of the day. The company recently closed its initial public offering, raising $1.3 million from the sale of common shares. On its first day of trading the shares, which were sold under the prospectus at $ 0.15 per share, traded as high as $0.30 and closed at a price of $0.20 per share.



The trading in Medallion contributed to a record day on CNQ with 4,000,000 shares changing hands in 65 trades – a 12% increase from the previous record set on September 30. The month of September also saw new records established for volume, value and the number of trades.



Northern Securities acted as agent for the prospectus offering and Leede Financial Markets and Canaccord Securities participated in the selling group for the issue. “CNQ has built a great stock exchange for emerging companies like Medallion and we were very impressed by the professional and helpful assistance of CNQ staff as we brought this issue to the market” said Larry Martin, Senior VP of Leede Financial.



The prospectus and all CNQ listing documents are available for viewing at www.cnq.ca in the Issuer Disclosure Hall which is a feature of the CNQ stock exchange’s enhanced disclosure model.



For more information please visit www.cnq.ca or call



Robert Cook, President and CEO

416-572-2000

Robert.cook@cnq.ca


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