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E-TRADE Canada revolutionizes access to initial public offerings with launch of its IPO Centre. E-TRADE Canada participates in Chapters Online Inc. offering. TORONTO, ONTARIO-- NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. E-TRADE Canada(r), a leading online investing service for individual Canadian investors, today announced the launch of its IPO Centre in Canada. Through the IPO Centre, E-TRADE Canada customers will be able to participate in online initial public offerings in Canada. E-TRADE Canada is inaugurating its IPO Centre in September with its participation in the initial public offering of Chapters Online Inc., one of Canada's leading online retailers. "The IPO Centre represents a breakthrough for individual investors and E-TRADE Canada," said Colleen Moorehead, President of E-TRADE Canada. "We are not only continuing to revolutionize financial services by providing customers with the best investment tools, we are leveling the playing field for individual investors. E-TRADE Canada's IPO Centre will have everything customers need to gain access online to initial public offerings in Canada so that they are in control of their financial future. The IPO Centre will give individual investors critical information prior to investing." E-TRADE Group Inc., the company from whom E-TRADE Canada licenses its technology, has participated this year in more than 50 online share offerings in the U.S. "The majority of shares of Internet-based companies like Ebay, Amazon and Yahoo!, are held by retail investors, not institutional investors. In some cases like iVillage, over 90 percent of the shares are held by retail investors," said Ms. Moorehead. "The U.S. experience has helped us understand the important role that E-TRADE Canada can play in IPO distribution. E-TRADE Canada's business model augments the IPO Centre by providing essential support through its online content, analysis tools and 24/7 access." To become an E-TRADE Canada customer, investors can visit the IPO Centre and register by completing a customer profile at www.canada.etrade.com. A copy of the preliminary prospectus for the Chapters Online offering can be downloaded from this site or can be obtained by contacting E-TRADE Canada by telephone at 1-888-283-7787 or [phone], by email at [e-mail] or by writing or visiting E-TRADE Canada at Suite 3810, 181 Bay Street, Toronto, Ontario, M5J 2T3. "E-TRADE Canada will continue to lead the way and provide added value to online investors with a line-up of new services to be unveiled this fall," said Ms. Moorehead. An amended and restated preliminary prospectus relating to these securities has been filed with securities commissions or similar authorities in all the provinces of Canada but has not yet become final for the purpose of a distribution to the public. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or any acceptance of an offer to buy these securities in any province of Canada prior to the time a receipt for the final prospectus or other authorization is obtained from a securities commission or similar authority in such province. This press release shall not constitute an offer of securities in the United States. These securities may not be offered or sold within the United States absent registration or an exemption from registration. Chapters Online Inc. has not and will not register these securities under the United States Securities Act of 1933, as amended.