June 13, 2003 - Vertigo's Reactivation Further to its new release dated April 15, 2003, Vertigo Software Corp. ("Vertigo" or the "Corporation") is extremely pleased to announce that it has completed its reorganization plan as presented to the TSX Venture Exchange. Details are as follows: 1. Approximately $1,013,615.45 in debt has been converted into 10,136,154 Series 1, Class B Preferred shares (the "Preferred Shares"). Each Preferred Share is convertible at the option of the holder into one common share, is entitled to dividends if, as and when declared by the Board of Directors and is redeemable at the option of Vertigo at a price per share of $0.10 plus 6% per annum. Approximately $400,000 of the debt that has been converted to equity was owed to D.S. Management Ltd. ("DSM"), a company wholly-owned by Mr. Donald Sheldon, a director and the President of Vertigo. 2. The Corporation's current liabilities have been reduced by $788,048 by extending the maturity date of those liabilities to July 31, 2004 ($767,242) and December 12, 2005 ($20,806), respectively. 3. Digital Accelerator Corporation ("DACCEL") is indebted to the Corporation in the amount of approximately $355,000. If Vertigo does not acquire 50% of the outstanding shares of DACCEL on or before October 31, 2003, DSM has agreed to accept an assignment of the DACCEL debt to Vertigo as payment in full of approximately $355,000 owing by Vertigo to DSM. All aspects of the reorganization have now been completed. The Exchange has approved the Corporation's reactivation plan and has advised that the Corporation's inactive designation will be removed within the next several days. The Corporation will then trade under its active status symbol of "YVS". On Behalf of the Board of Directors Signed//Donald R. Sheldon Donald R. Sheldon President