TSE to Test MindfulEye's Internet Monitoring Service

MindfulEye Inc announced that its subsidiary, MindfulEye.com Systems Inc, has entered into a technology development agreement with the Toronto Stock Exchange Inc (TSE). Under the terms of the agreement, the Market Surveillance Division of TSE Regulation Services (TSERS) will receive access to MindfulEye's real-time artificial intelligence technology for monitoring the Internet. In exchange, the securities regulator will assist MindfulEye in building new features for its surveillance products. MindfulEye is currently developing versions of its surveillance technology for regulators and public companies.

The MindfulEye surveillance service offers aggregated coverage of real-time chat, online discussion forums, news groups, Web editorial and real-time news. Robert Cook, Director of Market Surveillance at TSERS said, "As the use of the Internet grows, information originating there will increasingly affect the market. To ensure a well-regulated market, we continually look for new technology to assist us in monitoring news sources. We're very pleased to be working with MindfulEye as we strive to improve our efficiency in monitoring and investigating market activity."

Ray Torresan, MindfulEye's president and CEO describes this agreement as a major milestone in the evolution of the company's business and technology initiatives. "We believe that our relationships with the two largest securities exchanges in Canada will help us continue with an aggressive roll-out of Internet market surveillance tools for public companies, regulatory bodies, and securities exchanges."

About MindfulEye

MindfulEye.com Systems Inc (MindfulEye) is a wholly owned subsidiary of MindfulEye Inc. MindfulEye is the creator of Lexant, an artificial intelligence technology that can read and understand language as it occurs on the Internet. MindfulEye's first application of Lexant is for the investment community. The service automatically alerts subscribers in real time to online rumors and changes in public sentiment about companies they are interested in.

About the Toronto Stock Exchange

The Toronto Stock Exchange consistently ranks among the world's top exchanges by market capitalization and trading volume. In 2000, the average daily value of TSE trading is approximately $4 billion. The TSE provides investors with a well-regulated, fair and accessible marketplace.

Contact Ray Torresan, president and CEO, MindfulEye Inc, www.MindfulEye.com, Suite 300, 355 Burrard Street, Vancouver, BC, Canada, V6C 2G6, 604-638-6800, ir@MindfulEye.com.