WNS EMERGENT INC. (TSX-V: WNS)
NEWS RELEASE
For Immediate Release: Tuesday, June 1, 2004
Calgary, Alberta

WNS PERFORMS TURNAROUND AND REPORTS $82,316 NET INCOME FOR FIRST QUARTER OF 2004

WNS Emergent Inc. (“WNS” or the “Company”) has filed its consolidated financial statements for the three months ended March 31, 2004. Revenue for the period was $3,305,346 as compared to $2,233,858 for the three month period ending March 31, 2003.

WNS has reported net income of $82,316 for the period (compared to a net loss of $173,945 for the three month period ended March 31, 2003). The net income for period included amortization of $298,075 ($286,266 for the three month period ended March 31, 2003) and interest payments of $35,345 ($36,510 for the three month period ended March 31, 2003).

"Our revenues have increased by 50% in the first quarter of 2004 over the same period last year and our net loss has been eliminated in the quarter. As a measure of operational performance, our earnings before interest, taxes, depreciation and amortization (EBITDA) has improved by 179%, going from $148,831 in the first quarter of 2003 to $415,736 in the first quarter of 2004. Synergies from the acquisition of TCENet Inc. in October 2003 has resulted in a 24.5% increase in gross margin which has increased to 36% from 29% during the same period last year. Our working capital deficit has been eliminated in the quarter and has been subsequently bolstered by an additional private placement closed on May 21, 2004 yielding gross proceeds of $600,000," said Alykhan Mamdani, President of WNS.

"The results of the first quarter are encouraging in that the Corporation is ahead of its target of eliminating its ongoing net loss by the end of this year and is well on its way of meeting its targeted $1,000,000 earnings before interest, taxes, depreciation and amortization (EBITDA) for the year ended December 31, 2004. The Corporation intends to continue to pursue potential acquisitions to increase its revenues and strengthen its base of strong proprietary information management technologies," said George Watson, CEO of WNS.

WNS will be holding its annual shareholder's meeting on June 7, 2004 at which time, management will propose to change the name of the Company to CriticalControl Solutions Corp. The new name is reflective of the Company's operating subsidiary CriticalControl Solutions Inc., into which the Company consolidated all of its operating entities in March 2004.

WARNING: The company relies upon litigation protection for "forward-looking" statements.

For further information, please contact:

Mr. George Watson
Chief Executive Officer
Tel: (403) 705-7500
Fax: (403) 705-7555
E-mail: george.watson@criticalcontrol.com

or

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

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