Mr. Adam Radly reports

VELOCITY DATA INC. COMPLETES $300,000 OF PROJECTS FOR PANAMERICA COMPUTERS INC.

Velocity Data Inc. has completed a $300,000 project for Panamerica Computers Inc. This transaction has been completed and is not subject to any further supply of products or services.

Velocity chief executive officer Adam Radly said: "We are pleased to have completed this project for Panamerica Computers Inc., and we look forward to continuing to build a long-term relationship with them. The project for Panamerica was completed on time and on budget."

Mr. Radly also said: "Panamerica works on a lot of federal government projects. The fiscal year-end for the federal government is September, so we were very happy to help them meet their deadlines."

Mr. Radly also said, "We will continue to provide updates regarding the commencement and completion of the major projects as they occur."

We seek Safe Harbor.