LABRADOR TECHNOLOGIES INC.
(FORMERLY STERNE STACKHOUSE INC.)
ANNOUNCES NAME CHANGE
June 17th, 2004 - Calgary, Canada -- LABRADOR TECHNOLOGIES INC. (formerly Sterne Stackhouse Inc.) (the "Corporation" or "Labrador") (TSX Venture: LTX) announces that at its annual and special meeting (the "Meeting") held on April 15, 2004, the shareholders approved a change of the name of the Corporation from "Sterne Stackhouse Inc." to "Labrador Technologies Inc." (the "Name Change"). The Corporation has also received approval from the TSX Venture Exchange Inc. ("TSX Venture") for the Name Change. Management of the Corporation wanted a new name "Labrador Technologies Inc.," which would be much more representative of the Corporation's core business.
The Corporation also announces that at the Meeting, the shareholders approved a 10% rolling stock option plan in the form attached to the Information Circular of the Corporation dated March 15, 2004. The stock option plan is subject to TSX Venture approval.
About Labrador
Since 1981, Labrador has been building connections between companies and the data they invest in. Labrador develops data retrieval, reporting and analysis software, specializing in Data-Flow Management™ (DFM™) solutions, primarily for the oil and gas industry.
Whether delivering data to a Labrador application, a third party application, an enterprise service bus, or a portal, Labrador has the ability to retrieve and deliver data to the right place at the right time. Labrador's DFM™ software and services help software vendors, data vendors and company developers deliver data to their target audiences by "plugging" users in and eliminating the need for expensive and ongoing manual intervention.
Labrador (www.labradortechnologies.com) trades on the TSX Venture under the symbol "LTX."
For more information contact:
Darryl Stackhouse
President & CFO
Sterne Stackhouse Inc.
403.263.6325
Labrador is a registered trademark of Sterne Stackhouse Inc. in Canada and the United States and/or other countries, and Petro-LAB is a registered trademark of IBM Canada.
This release may contain forward-looking statements with risks and uncertainties that may cause the actual results to differ materially from those intended or anticipated by the Company. The Toronto Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA