WNS EMERGENT INC. (CDNX-WNS)
NEWS RELEASE
For Immediate Release: Tuesday, May 13, 2003
Calgary, Alberta

WNS ANNOUNCES SUCCESSFUL EXECUTION OF PLAN TO BECOME CASH FLOW POSITIVE

Calgary, May 13 - WNS Emergent Inc. (“WNS” or the “Company”) is pleased to announce that it has successfully executed on its plan to become cash flow positive in the first calendar quarter of 2003.

The Corporation changed its fiscal year end to December 31 and will be filing its audited financial statements for the fiscal year ended December 31, 2002 (consisting of the four months commencing September 1, 2002 - hereinafter referred to as the "Stub Period") by May 20, 2003. At the same time, the Corporation will be filing its unaudited financial statements for the 3 months ended March 31, 2003.

Revenue for the Stub Period was $2,388,000 resulting in a Net Loss of $1,431,000. The Net Loss for the Stub Period includes Amortization of $497,000 and a write down of goodwill and other assets of $657,000. Revenue for the quarter ended March 31, 2003 was $2,234,000 resulting in a Net Loss of $149,000. The Net Loss for the quarter includes Amortization charges of $286,000. Further details will be released upon the filing of the financial statements on May 20, 2003.

WNS Emergent provides technology to clients to assist in the management of their vital information and documents. Our solutions allow our clients to Connect, Communicate and Collaborate. Our Connect solutions team consists of infrastructure specialists who handle everything from the complete outsourced management of networks to the most complex integration of wireless services. Our Communicate solutions include the design, development, implementation and support of specialized information and document management solutions using a team of experts deployed across Canada. Our Collaborate Solutions include proprietary document management technologies delivered through our ASP model enabling electronic plans rooms, management of large scale construction projects and bidding processes involving over $1Billion of procurement. For more information, please visit www.wnsemergent.com.

For further information, please contact:

Mr. George Watson
President & CEO
Tel: (403) 705-7500
Fax: (403) 705-7555
E-mail: george.watson@wnsemergent.com

or

Mr. Alykhan Mamdani
CFO
Tel: (403) 705-7500
Fax: (403) 705-7555
E-mail: alykhan@wnsemergent.com

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