Equitis Issues Research Report on Brilliant Technologies

Brilliant Technologies Corporation (OTCBB:BLLN) today announced
that Equitis Inc. has issued a research report on the company and its
forthcoming launch of Qtrax, the world's first legal ad-supported
peer-to-peer music service.

The research report was developed by Equitis Co Founder and CEO of
US Operations Kama Krishna. Mr. Krishna has extensive experience as a
Senior Analyst in the technology, media, telecom and a variety of
other industry groups. He was the first analyst on Wall Street to
write a comprehensive report on the Internet Security sector. He has
worked with New York based Laidlaw Global Securities and Ryan Beck.
Prior to becoming a sell-side analyst he had his own asset management
firm Himalayan Investments, investing in the Bombay Stock Exchange. He
holds a bachelor's degree in engineering from the Indian Institute of
Technology in Kharagpur and an MBA in Finance from the Utah State
University.

"Qtrax offers a powerful new distribution platform for music
companies - one that captures new revenue from the enormous pool of
advertising money being spent online and at the same time satisfies
the appetite of users who crave a different way to experience their
music from the ways offered by existing paid digital music services.
Importantly, Qtrax's P2P platform does all this in a way that respects
copyright and ensures everyone gets paid," remarked Krisha.

Qtrax will provide fans with free access to high-quality,
high-fidelity digital music files. Qtrax will also provide users with
an array of allied services, including options to subscribe to an "all
you can eat" premium version of the free service and to purchase
individual tracks, albums and related products. Brilliant has already
signed licensing deals with the major labels and music publishers
(including EMI Music, Warner Music Group, Sony/ATV Publishing and
Universal Publishing) and independents (including TVT, The Orchard and
V2).

"We are pleased that via Mr. Krishna's report we can inform the
market of the enormous potential in the Qtrax business model," said
Allan Klepfisz, CEO of Brilliant. "This further confirms the judgment
of our numerous label & publisher partners."

Equitis is an independent research services company focusing on
the Technology, Media & Telecommunications sector. Equitis Inc
provides Equity Research support for sell side and buy side financial
institutions. In addition, they also provide objective independent
research for publicly traded companies in the United States. Equitis
conducts unbiased due diligence of breaking market news, tapping into
their expert network of industry professionals.

A copy of the report may be found in the 8K filed BLLN.

About Brilliant Technologies:

Brilliant Technologies Corporation is a technology holding company
devoted to research and development leading to commercialization of
innovative, proprietary technologies. Through its subsidiary,
LTDnetwork, Inc., the Company owns a range of cutting edge proprietary
software designed to facilitate and enhance ecommerce. The Company is
currently preparing for the launch of Qtrax, the company's innovative
P2P file-sharing service, and has already signed deals with Universal,
Sony/ATV, Warner Music Group, The Orchard, EMI Music Publishing and
EMI Music, TVT Records, Go Digital, ASCAP and BMI. The Company is
based in New York, New York and Melbourne, Australia. For more
information about Brilliant go to www.ltdnetwork.com and about Qtrax
to www.qtrax.com.

DISCLOSURES

The information and opinions in this report were prepared by
Equitis, Inc. (EI). The analyst responsible for this research report
has received cash compensation and shares from BLLN. The reader should
assume that EI or their affiliates may have a conflict of interest and
should not rely solely on this report in evaluating whether or not to
buy or sell securities of issuers discussed herein. EI endeavors to
ensure that the information in this document has been compiled and
derived from sources deemed reliable but are not guaranteed.
Information may be available to EI or its affiliates that is not
reflected in this report. However EI makes no representation or
warranty, express or implied, in respect thereof, takes no
responsibility for any errors or omissions contained herein and
accepts no liability whatsoever for any loss arising from any use of,
or reliance on, this report or its contents. This firm, EI and its
officers, employees, and members of their families, or any one or more
of them, may have a position in any security discussed herein or in
related securities and may make, from time to time, purchases or sales
thereof in the open market or otherwise. The forgoing has been
prepared solely for informational purposes and is not an offer to buy
or sell any security or a solicitation of an offer to buy or sell any
security or instrument or to participate in any particular trading
strategy. Opinions, estimates and projections contained in this report
are those of EI as of the date of this report and are subject to
change without notice. This document contains certain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements include, but are not limited to,
financial projections and estimates and their underlying assumptions;
statements regarding plans, objectives and expectations with respect
to future operations, products and services; and statements regarding
future performance. The forward statements herein are based on BLLN's
management's current expectations and such statements are subject to
certain risks and uncertainties, many of which are difficult to
predict and generally beyond the control of BLLN, that could cause
actual results to differ materially from those expressed in, or
implied or projected by, the forward looking statements. These risks
and uncertainties include, among others: competition and compatibility
of our Qtrax product with the Microsoft Windows format; whether BLLN
can successfully commercialize its products; given the first mover
status of the Qtrax business model whether such model will be
economically viable; whether BLLN will be subject to future burdensome
governmental regulations governing the internet; and other economic,
business, competitive and/or competitive factors affecting BLLN's
businesses generally. For further details concerning these risks and
uncertainties, please see BLLN's annual report on Form 10-KSB for the
fiscal year ended December 31, 2005 and BLLN's quarterly report on
Form 10-QSB for the quarterly period ended September 30, 2006, each
filed with the Securities and Exchange Commission (which can be found
at www.sec.gov). BLLN assumes no obligation to (and expressly
disclaims any such obligation to) update the information contained in
this report, whether as a result of new information, future events or
otherwise.