EDGH $0.16 SHAREHOLDER UPDATE FROM CEOStockHouse USA -- News --Edgetech Provides Update to Shareholders RE: Positive Outlook and New Developments

4/16/04


Toronto, ON April 16, 2004
FSC / Press Release


Edgetech Provides Update to Shareholders RE: Positive Outlook and New Developments


Toronto, Ontario CANADA, April 16, 2004 /FSC/ - Edgetech Services Inc. (EDGH - OTCBB), a total business solutions provider specializing in Enterprise IT Security Solutions an
d Outsourced IT Services, today announced the following update to shareholders:


Dear Shareholder;

Thank you for entrusting us with your confidence in our company.

The past year has held many changes for our company and we are happy to report that our reorganization is now well underway and very successful.

We have accomplished much including building a top-notch team of professionals in both the executive management ranks and our Enterprise Security Solutions Group.

We currently have 19 full time employees across Canada in Calgary, Winnipeg, Toronto and Ottawa. This completes our expansion plans in Canada. We also note our first major forays into the US marketplace with our offices planned in NYC and Dallas.

We have raised approximately $500,000 in our first major round of financing and have commitments for more in the future.

Our revenues have shown steady growth and the rate of growth is now accelerating rapidly. We expect to reach critical mass much sooner than anticipated within the next 12 to 18 months.

We are delighted to report that our Enterprise IT Security practice has grown substantially and now accounts for the majority of our sales.

We now have an excellent infrastructure to handle the capacity of our dramatically growing business.

Our balance sheet is also very strong with very little debt and cash on books.

We were also recognized by two of our top leading edge Enterprise Security vendors as one of its top international partners.

We have added major clients from large telcos, financial institutions and governments in both US and Canada.. What is of significant note is that many of these customers have made preliminary or 'test'purchases and we anticipate that many of these accounts will grow substantially over the next 12 months.

Business has developed strongly into the Telco/Telecom, Financial and Government verticals.

However, our share price has not been indicative these wonderful changes. We continue to lag at or near our 52 week lows. We assume that as our results continue to show dramatic improvements, that this will be reflected in our share price.

Our company has never been stronger and has never had a brighter future. We look forward to announcing the best results in our company's history and major increases in revenues over the coming quarters and years ahead.

We are also developing a world class IT Security Laboratory in conjunction with major partners in government, academic and private institutions. We already have commitments from one major Security partner and government client. New patents or leading security technologies arising from this venture are to be commercialized by Edgetech with all stakeholders to share in any future gains. We will announce more details about this venture in the next few months.

As we near the end of our fiscal year ending April, we look forward to many more exciting developments.

We, the management, thank all our stakeholders, partners and employees for their commitment, patience and kind support. We look forward to celebrating our successes in the near future.

Respectfully yours,

Tae Ho KimCEO Edgetech Services Inc.



About Edgetech Services Edgetech has been providing enterprise security solutions that range from I.T. security and biometrics to project management. The company is a business partner to Microsoft, IBM, Symantec, Counterpane and a number of other top providers of security products. Edgetech supports the enterprise security needs of major government and private sector clients across North America, including IBM, Bell Canada, Rogers Communications and the Province of Ontario. For additional information, visit www.edgetechservices.com.

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Investor Relations Contact:For more information contact Surendran Shanmugam, CFO, Edgetech Services, Inc. 416.441.4046 or surendran@edgetechservices.com.






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