Talent Technology Corporation (TTC) announced it has completed its acquisition of the assets of MagnaWare

MagnaWare´s product offerings and experienced team will be merged with TTC´s market leading Resume Mirror division.

VANCOUVER, BC, July 20, 2006 -Talent Technology Corporation (TTC) today announced it has completed its acquisition of the assets of MagnaWare, a provider of intelligent recruiting solutions targeted to users of ERP-based human capital management (HCM) systems.  MagnaWare´s product offerings and experienced team will be merged with TTC´s market leading Resume Mirror division.

This acquisition extends Resume Mirror´s solutions and support for the applicant data management and resume processing requirements of ERP-based HCM systems; notably for those clients of Oracle and PeopleSoft that require upgrades to their current Mohomine technology or are considering the addition of resume processing solutions to their HCM deployment.

"We believe this acquisition brings together a team and set of products and services that offer our joint customers the most comprehensive suite of applicant data management and resume processing solutions on the market today," said Jade Bourelle, Chief Executive Officer of Talent Technology Corporation. "In addition to providing an excellent go-forward alternative for installed Mohomine customers, Resume Mirror´s Enterprise Applicant Manager(TM) (EAM(TM)) offers a validated and certified resume processing solution for both Oracle and PeopleSoft HCM applications," added Bourelle.

"By merging with a market leader like Resume Mirror, we extend the depth of the solutions and services we can offer our joint customer base," said Will Kelty, founder of MagnaWare.  "The combined entity will provide users of ERP-based HCM systems with the industry´s most advanced resume processing and applicant data management services."

With the MagnaWare acquisition, Resume Mirror secures its position as industry leader in the enterprise applicant data management market place. The combined technology platform, solutions and services will ensure that customers of all sizes, across all markets (Corporate HR, ATS providers and staffing/recruiting organizations) benefit from immediate and measurable results and ROI.

About Talent Technology Corporation
Talent Technology Corporation owns and operates businesses that develop, market and provide services associated with recruiting, hiring, and related workforce management technology solutions. Through its divisions, HireDesk(TM) and Resume Mirror, Talent Technology Corporation provides a range of award-winning recruiting and hiring technology that automate and improve the quality of the employment process in a variety of industries, providing a clear return on investment for its clients. Learn more about us at www.talenttechnologycorp.com or call 604-244-1115 for additional details.

About Resume Mirror
Resume Mirror, a division of Talent Technology Corporation, provides innovative software components, online services and focused applications to the HR and Recruiting industry. Leading HR system vendors, job boards, resume processing companies and large corporate and staffing companies use Resume Mirror technologies and services to enhance their recruiting applications. Resume Mirror offers high quality resume extraction and intelligent search and match technologies that easily integrate with any recruiting application.  These products enhance the functionality and deliver measurable improvements to current resume processing and search methods. Some of its customers and partners include companies such as Oracle, PeopleSoft, Newbury Consulting, Engenium, WebMD, WCC, Authoria (formerly Hire.com), SonicRecruit, Hewlett Packard, McKesson, VirtualEdge, HireDesk, CGI, SAP and ERP Solutions.  For more information, please visit www.resumemirror.com.

About MagnaWare
MagnaWare is a leading provider of intelligent recruiting solutions that enable employers to efficiently attract and hire qualified job applicants. MagnaWare solutions use Internet technologies to extend the functionality of the leading HRMS and ATS providers like PeopleSoft. MagnaWare solutions are fully scalable with current installations processing from 12,000 to over 500,000 resumes per year. Only MagnaWare addresses the needs of multinational companies with support for 117 Roman and Asian languages. MagnaWare's satisfied customers include Hewlett-Packard, Amazon, Bloomberg, Brocade, American Airlines, Levi Strauss & Company and Mellon Financial Corporation. MagnaWare is a privately held corporation with headquarters in Santa Cruz, California and European headquarters in London, England.

Investor Contact:
Jade Bourelle
Talent Technology Corporation
President & Chief Executive Officer
Telephone: 604-244-1115

Media Contact:
Imre Togyi
Resume Mirror
Toll Free: 1-866-662-6669
Direct: 604-233-1011

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