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XWAVE SELECTS INGRAM MICRO PREFERRED LEASING TO DEVELOP AND MANAGE CUSTOM LEASING PROGRAM FOR CANADA

MISSISSAUGA, ONT., June 2, 2005 – Ingram Micro Inc. (NYSE: IM) today announced Ingram Micro Preferred Leasing will administer a custom leasing program in Canada for technology solution provider xwave, an Aliant Company (TSX:AIT). The program, known as xwave Preferred Leasing, will provide a comprehensive suite of leasing and financing options to xwave clients across Canada.

The new program allows xwave to offer flexible product leasing options to their business-to-business clients who wish to have greater flexibility on their IT purchases. Ingram Micro Preferred Leasing will develop, manage and oversee the program, which includes IT product fulfillment, asset management, supply chain logistics, and IM Outlet reengineering and Recycle IT services on behalf of xwave.

The Ingram Micro Preferred Leasing program offers credit and finance administration services facilitated by Alliance Financing Group Inc., (TSX-V:AFG). As a result, xwave clients will have access to a team of 90 sales specialists offering pre- and post-sales support throughout the term of the leasing cycle and a dedicated toll-free phone number for pricing information.

“Offering clients a dedicated leasing program will increase their available credit while maintaining the highest level of service to our clients,” said Paul Khawaja, Managing Director, xwave. “Working with Ingram Micro Preferred Leasing we will have access to flexible financing and leasing solutions and provide a one-stop source for our client’s procurement and IT management needs.”

Ingram Micro Preferred Leasing offers customized, branded leasing programs designed to help technology resellers deliver flexible and affordable leasing solutions. Resellers can select from a host of financing and leasing tools including online pricing and quoting capabilities, leasing bundle quotes, credit approvals and lease cycle management to round out their service offerings and enhance long-term client relationships.

“xwave saw the potential to provide their clients with more options and financial flexibility through Ingram Micro,” said Martin Kalsbeek, Vice President and General Manager, Ingram Micro Canada. “This is a great example of how our solution provider customers can leverage Ingram Micro’s services to extend their own business capabilities and deepen relationships with their clients. Another example of how Ingram Micro Canada offers more than just products and world class logistics services.”

“We are absolutely delighted to work with xwave to offer a custom branded leasing program which will deliver one of the best technology financing offerings in the marketplace today,” said Bernie Shimkovitz, CEO of Alliance Financing.

About xwave

xwave , an Aliant Company, is a full-service business-solutions provider that serves clients through systems integration, infrastructure services, and fulfilment. These areas offer clients a broad delivery capability: xwave plans, designs, builds and operates complete IT solutions that meet business-process needs and are designed to deliver a tangible return on IT investments. With more than $340 million in revenues and 1,900 people, xwave is one of the largest business-solutions companies in Canada, with locations in St. John’s, Halifax, Moncton, Saint John, Fredericton, Ottawa, Toronto, New England and Ireland. More information can be found at http://www. xwave.com.

About Alliance Financing Group Inc.

Alliance Financing is a diversified commercial finance institution that specializes in providing branded or white labelled asset based financing solutions, to the SMB (Small to Mid-sized Business) marketplace and to public sector organizations. Alliance Financing works within a multi-underwriter business model, providing a comprehensive suite of financing options available from selected underwriting partners, which include banks, lessors, and other financial institutions. Its financing solutions are delivered through both traditional bricks and mortar channels and various Internet channels. Alliance Financing maintains a “high-tech, human touch” philosophy; utilizing a combination of proprietary technology - such as its private labelled online financing tools, selected ASP technologies, and a dedicated staff of finance professionals to deliver its products and solutions. For more information about Alliance Financing Group Inc. please visit www.alliancefinancing.com.

About Ingram Micro

As a vital link in the technology value chain, Ingram Micro creates sales and profitability opportunities for vendors and resellers through unique marketing programs, outsourced logistics services, technical support, financial services, and product aggregation and distribution. The company serves 100 countries and is the only global IT distributor with operations in Asia. Visit http://www.ingrammicro.com/corp or in Canada visit http://www.ingrammicro.ca.

Media Inquiries

Ann Cain

Public Relations Manager

Ingram Micro

Tel: 905-755-5000 ext. 55796

Email: ann.cain@ingrammicro.ca