Securities Law & Instruments

Headnote

Mutual Reliance Review System for Exemptive Relief Applications -- issuer deemed to have ceased to be a reporting issuer.

Ontario Statutes

Securities Act, R.S.O. 1990, c. S.5, as am., s. 83.

September 27, 2005

BCS Global Networks Inc.
5025 Orbitor Drive
Bldg. 5
Ste. 300
Mississauga, ON
L4W 4Y5

Attention: Mr. Piero Romani

Re:
BCS GLOBAL NETWORKS INC. (the "Applicant") -- Application to Cease to be a Reporting Issuer under the securities legislation of Ontario and Alberta

The Applicant has applied to the local securities regulatory authority or regulator in Ontario and Alberta (the "Decision Makers") for a decision under the securities legislation (the "Legislation") of Alberta and Ontario to be deemed to have ceased to be a reporting issuer in Alberta and Ontario.

The Applicant is relying on CSA Staff Notice 12-307 Ceasing to be a Reporting Issuer under the Mutual Reliance Review System for Exemptive Relief Applications

As the Applicant has represented to the Decision Makers that,

    • the outstanding securities of the Applicant, including debt securities, are beneficially owned, directly or indirectly, by less than 15 security holders in each of the jurisdictions in Canada and less than 51 security holders in total in Canada;

    • no securities of the Applicant are traded on a marketplace as defined in National Instrument 21-101 Marketplace Operation;

    • the Applicant is applying for relief to cease to be a reporting issuer in all of the jurisdictions in Canada in which it is currently a reporting issuer; and

    • the Applicant is not in default of any of its obligations under the Legislation as a reporting issuer,

each of the Decision Makers is satisfied that the test contained in the Legislation that provides the Decision Maker with the jurisdiction to make the decision has been met and orders that the Applicant is deemed to have ceased to be a reporting issuer.

"Charlie MacCready"
Assistant Manager, Corporate Finance
Ontario Securities Commission