Marketvision Direct, Inc. (TSX-Venture/MKT)

TORONTO, April 21 /CNW/ - On April 8, 2005 Marketvision Direct, Inc.
announced that its wholly owned subsidiary, Waterstone Chemical Corp.
("Waterstone"), had entered into a Letter of Intent to acquire a
developer/producer of proprietary thermoplastic compounds located in the
United States. The Letter of Intent and acquisition were subject to a number
of conditions, including due diligence of the target by Waterstone.
Marketvision today announces that Waterstone has exercised its rights of
termination under the Letter of Intent and will not proceed with the proposed
acquisition.
Through Waterstone, Marketvision will continue its growth strategy of
identifying and pursuing the acquisition of existing speciality chemical
businesses in the United States. Waterstone's Co-Chairman, President and Chief
Executive Officer is John H. Boles, a turnabout specialist with thirty years
in the U.S. speciality chemicals industry. Marc Wade of Unionville, Ontario,
Waterstone's Co-Chairman and Executive Vice-President has extensive experience
in the speciality chemical sector, most recently serving as Chief Operating
Officer of Ed-Lynn Network LLC, an Ohio based polymer additives company.

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