said April 12 thatit is proposing to consolidate its common shares on the basis of one post-consolidationshare for every two pre-consolidation shares.

The companycurrently has 85,183,806 common shares issued and outstanding, which would be reducedto 42,591,903 shares post-consolidation.

Inventus' boardbelieves the consolidation would be in the best interests of the shareholders asit could lead to increased interest by a wider audience of potential investors,and could better position the company to obtain financing and pursue acquisitionopportunities.

The consolidationis subject to shareholder and regulatory approval, including the approval of theTSX Venture Exchange.