TORONTO, ONTARIO--(CCNMatthews - Dec. 29, 2004) - In connection with the qualifying transaction (the “Qualifying Transaction”) of Seder Capital Corp. completed on December 21, 2004, Biodel Systems Inc., Durimport Marine Limited and Smith, Vincent & Co. Ltd., securityholders of Covalon Technologies Inc.(TSX VENTURE:COV)(“CTI”) were issued securities in the capital of Covalon Technologies Ltd. (“CTL”) in exchange for their securities of CTI. The terms of the Qualifying Transaction were described in the filing statement of Seder Capital Corp. dated December 9, 2004 and filed on SEDAR.
