Siberra Corp. Enters Into Patent License With Point2 Technologies For Photo Upload Technology

Agreement Grants to Siberra License to Point2 Patented Photo Formatting and Storage Technology and Covers Siberra Enabled Photo Commerce Websites Including Best Buy, Future Shop and Shoppers Drug Mart Sites

January 25, 2006

Saskatoon, SK and Vancouver, BC – January 25, 2006 – Point2 Technologies Inc. (“Point2”) today announced a technology patent licensing agreement with Siberra Corp. (“Siberra”), a wholly owned subsidiary of Best Buy Canada Ltd., (“Best Buy”).

The multi-year agreement provides to Siberra, the leading provider of photo commerce websites to mass market retailers in North America, a license to Point2’s patented technology in the field of processing, central storage and online display of image data and photos, covered under United States Patent No. 6,721,802, Canadian Patent No. 2,315,278 and European Patent Application No. 00306934.1. The patents cover the ability to automatically resize, reformat or alter photos and images on a client-side computer, and upload them efficiently to a central server for storage.

Siberra will leverage the Point2 patent license to enable world class photo commerce websites including Best Buy’s Imagelab.com and Imagelab.ca, Future Shop’s Futurephoto.ca, and Shoppers Drug Mart’s EasyPix.ca.

Each year, tens of millions of digital images are transferred through Siberra’s systems.

Further details on the agreement, including financial terms have not been disclosed.

“We are extremely pleased that yet another major organization has recognized the value of our patented Photo Upload Facility (PUF) technology,” said Wendell Willick, chief executive officer of Point2 Technologies. “We expect PUF technology to become the standard for managing digital images and photos online, in home computer user applications as well as in business applications, across industries.”

“Point2’s ability to develop easy to use Internet-based technology and software is reflected in the market’s on-going interest in our intellectual property, our success in the heavy equipment industry and, the rapid adoption of Point2 Agent, the real estate industry’s most prolific website and online marketing platform,” added Willick.

Over 70,000 real estate brokers and agents in over 55 countries today subscribe to Point2 Agent. Point2 expects subscriptions to grow by another 30 to 40 percent in 2006.

The Siberra deal comes at the heels of Point2’s announcement last December of a license with California-based Shutterfly, Inc., also related to the company’s PUF technology patent. The technology is also used under license by Caterpillar, Inc.

About Siberra Corp.

Siberra Corp., based in Vancouver, BC, Canada, provides photo commerce systems for mass retailers. Its SIMM™ software suite encompasses multiple consumer ordering options; management of image

storage and order routing; and fulfillment of prints and gifts at retail and wholesale photo labs. Siberra’s end to end technology coupled with the retail expertise of its professional staff make it uniquely suited as a supplier to mass merchants. Each year tens of millions of digital images are transferred through Siberra’s systems. For more information, visit the company’s website at www.siberra.com.

About Point2 Technologies Inc.

Point2 Technologies is a global leader in online marketing and eBusiness software solutions for the real estate and heavy equipment industries. Leveraging Point2 proprietary and patented technology, Point2 develops and markets software solutions that enable organizations to conduct business over the Internet more easily and more profitably.

Founded in 1996, Point2 Technologies is a privately held, profitable organization. The company employs a staff of 95 at its headquarters in Saskatoon, SK and its Vancouver, BC offices. In recognition for its ground-breaking technology and industry leadership, in the year 2000 Point2 Technologies received the No. 1 eBusiness designation in Canada by global management consultants Bain & Company and Canada’s national business daily, The Globe and Mail. Point2 was also named one of the Top 200 most promising B2B companies in the world, by Forbes Magazine. More information can be obtained at www.Point2.com.

Point2® is a trademark of Point2 Technologies Inc. All other company and product names may be trademarks of the respective companies with which they are associated.

Point2 Technologies Contact Information:

Media Relations:
Roger Noujeim
Public Relations Director
Toll Free: 1-888-955-7900 ext. 224 (U.S. and Canada)
Tel: 1-604-675-9393
rnoujeim@point2.com

Investor Relations:
Robert Gutek
Vice President, Finance
Toll Free: 1-866-955-7900 ext. 213 (U.S. and Canada)
Tel: 1-306-955-9736 ext. 213
rgutek@point2.com