JAMES BARCLAY ALAN INC. SUBSIDIARY ENTERS INTO AGREEMENT WITH FIRST UNION KREDIT ANSTALT S.A.

First Union is finalizing arrangements for the acquisition target of the subsidiary. Once completed, shareholders of record in our parent company (JBAI, to be renamed Titan Consolidated Inc.) will receive a share dividend in the new venture. Mr. Wayne V. Reid will be taking over as President of the subsidiary, with Kent Jacobson fulfilling the position of Secretary.

April 7th, 2003 -- JAMES BARCLAY ALAN INC. (JBAI:OTCBB) announced today that it has entered into an agreement with First Union Kredit Anstalt S.A, a Swiss based Company, to acquire 90% of its wholly-owned subsidiary, James Barclay Alan Canada, in return for participation in a technology venture which will be announced shortly. First Union has assisted James Barclay Alan with financings in the past.

First Union is finalizing arrangements for the acquisition target of the subsidiary. Once completed, shareholders of record in our parent company (JBAI, to be renamed Titan Consolidated Inc.) will receive a share dividend in the new venture. Mr. Wayne V. Reid will be taking over as President of the subsidiary, with Kent Jacobson fulfilling the position of Secretary. Mr. Reid has been appointed as a Director to 12 Australian Public companies, including Nabisco Australia and Jarden Morgan Europe, an Investment Banking Company. Mr. Reid has also received the Order of The British Empire by her Majesty Queen Elizabeth, for honorary services.

James Barclay Alan Inc. President Kent Jacobson states: Shareholders will benefit from the incorporation of a viable project into our subsidiary, James Barclay Alan Canada. We look forward to a successful venture as partners with First Union."

Correction to prior news release:
The Date of Record for the Mandatory Share Certificate Exchange should be correctly listed as May 27th, 2003, the Effective Date as May 29th, 2003, and the final date for exchange of certificates to be June 30th, 2003.

Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by James Barclay Alan Inc.) contains statements that are forward looking, such as statements relating to the future anticipated direction of the Financial Services Industry, plans for expansion, various business development activities, planned capital expenditures, future funding resources, anticipated sales growth and potential contracts. These forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated.