For Immediate Release
ADB COMPLETES SALE OF NORWEGIAN BUSINESS UNIT
Company changes name to Northcore Technologies
Toronto, ON - July 4, 2006 - Northcore Technologies Inc. (TSX: ADY; OTCBB: ADBYF), formerly ADB
Systems International Ltd., announced that it has successfully completed the sale of its Norwegian business unit
for approximately $2.8 million in cash and debt settlement as well as a four-year revenue share agreement. The
transaction was recently approved by shareholders at the company's annual general meeting. At the meeting,
shareholders also voted to change the company's name to Northcore Technologies.
The company will continue to trade under the symbols ADY on the TSX and ADBYF on the over-the-counter
market until further notice. New trading symbols are expected to be introduced within two weeks pending
regulatory approvals and process.
About Northcore Technologies Inc.
Northcore Technologies provides core asset solutions that help organizations source, manage and sell their capital
equipment. Northcore works with a growing number of customers and partners in a variety of sectors including
oil and gas, government, and financial services. Current customers include GE Commercial Financing, Halliburton
Energy Resources, and Paramount Resources.
Northcore owns a 50 percent interest in GE Asset Manager, a joint business venture with GE. The company's
shares trade on both the Toronto Stock Exchange (TSX: ADY) and the OTC Bulletin Board (OTCBB:
This news release may include comments that do not refer strictly to historical results or actions and may
be deemed to be forward-looking within the meaning of the Safe Harbor provisions of the U.S. federal
securities laws. These include, among others, statements about expectations of future revenues, cash
flows, and cash requirements. Forward -looking statements are subject to risks and uncertainties that may
cause Northcore's ("the Company") results to differ materially from expectations.