Adsero Corp. - Completes First Stage of Turbon Acquisition


MONTREAL, June 23, 2005 (PRIMEZONE) -- Adsero Corp. (OTCBB:ADSO) today announced the acquisition of approximately 10% of Turbon AG. Adsero has agreed to acquire 400,000 shares of Turbon AG which are held in treasury and has paid $1 million with the balance of $4.6 million payable on or before July 29, 2005. Financing for this transaction was provided by Loewen, Ondaatje, McCutcheon Limited, an investment banking firmed founded in 1970 and headquartered in Toronto, Canada.

Adsero today also announced the signing of a strategic supply agreement with Turbon AG to manufacture certain laser and inkjet printer cartridges which will allow Adsero to leverage Turbon's low cost structure prior to the completion of the full acquisition of Turbon AG.

Adsero Corp. confirmed plans to file for a listing on the TSX (Toronto Stock Exchange) in conjunction with the financing for the Turbon AG acquisition which is planned in the coming months. Adsero has signed agreements with the three largest shareholders of Turbon AG whereby they all have agreed to tender their respective shares upon Adsero's formal takeover offer being filed. These agreements, combined with the treasury stock, represent just over 72% of the total outstanding shares of Turbon AG.

Turbon (www.turbon.de), through its subsidiaries, develops, produces and distributes compatible imaging supplies for Laser, Inkjet, Dot Matrix and Thermal Transfer printers. Turbon operates production plants in Europe, Asia and the USA and had revenues of approximately Euros123 million for fiscal 2004.

Adsero Corp., through its wholly owned subsidiary Teckn-O-Laser, is a North American leader in the printer cartridge remanufacturing industry. The company manufactures and distributes remanufactured toner cartridges and inkjet cartridges. These products are sold to a variety of channels such as distributors and retail office supply stores, both domestically and internationally. Shareholders can remain current on the company by visiting www.adserocorp.com with access to near real-time information.

This press release is available on the company's official on-line investor relations site for investor commentary, feedback and questions. Investors are asked to visit http://www.adserocorp.com/IRhub and view the Adsero Corp. Investor Relations Hub. Alternatively, investors are asked to e-mail all questions and correspondence to ADSO@Agoracom.com.

To find out more about ADSERO Corp. (OTCBB:ADSO), visit our website at www.adserocorp.com.

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