Capital Teamsoft Inc. - s. 83

Order

Headnote

Issuer meets the requirements set out in OSC Staff Notice 12-703 -- 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.

February 17, 2006

Mr. Gus Berdebes, President
Capital Teamsoft Inc.
1000 De La Gauchetière St. West
Suite 2900
Montréal, Québec H3B 4W5

Dear Mr. Berdebes:

The Applicant has applied to the Ontario Securities Commission (the "Commission") for an order under Section 83 of the Securities Act (Ontario) (the "Act") to be deemed to have ceased to be a reporting issuer.

As the Applicant has represented to the Commission that:

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

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

    • the Applicant is not in default of any of its obligations under the Act as a reporting issuer; and

    • the Applicant will not be a reporting issuer or the equivalent in any jurisdiction in Canada immediately following the Director granting the relief requested.

The Director is satisfied that it would not be prejudicial to the public interest to grant the requested relief and orders that the Applicant is deemed to have ceased to be a reporting issuer.

Dated this 17th day of February, 2006, in the City of Toronto in the Province of Ontario.

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