20-20 Technologies Inc.

20-20 Technologies Inc.

April 26, 2007 17:36 ET

20-20 Technologies Inc. Announces Normal Course Issuer Bid

LAVAL, QUEBEC--(CCNMatthews - April 26, 2007) - 20-20 Technologies Inc. (20-20) (TSX:TWT) announced today that it has the intention to purchase by way of a normal course issuer bid (the "Bid"), for cancellation purposes, some of its common shares through the facilities of the Toronto Stock Exchange, beginning on May 2, 2007.

Under the Bid, the Corporation may repurchase for cancellation up to 940,200 common shares. This represents approximately 5% of its 18,827,637 issued and outstanding common shares, as of April 20 2007. These repurchases will be made in accordance with applicable regulations over a period ending on May 1, 2008. The Corporation will not repurchase more than 2% of the issued and outstanding common shares in any 30-day period. The consideration to be paid by the Corporation for any common shares it will repurchase under the Bid will be at the market price of such common shares at the time of acquisition. The Corporation did not repurchase any of its shares within the previous twelve months.

Although the Corporation clearly feels that its funds and cash reserves may be used strategically and profitably within the framework of its acquisition strategy, it nevertheless believes that, in certain circumstances, the repurchase by the Corporation of its own shares may be an appropriate investment of funds on hand.

About 20-20 Technologies Inc.

20-20 Technologies is the world's leading provider of computer-aided design, business and manufacturing software solutions tailored for the interior design and furniture industries. Dealers and retailers use its desktop and Web-based products and solutions for the residential and commercial markets. 20-20 also offers a unique proprietary end to end solution, integrating the entire breadth of functions in interior design through one platform. It provides electronic data communication from point-of-sale software programs to manufacturing and world-leading enterprise resource planning (ERP) systems, including computer-aided engineering and plant floor automation software. Operating in 13 countries with more than 500 employees, 20-20 is a publicly traded company (TWT) on the Toronto Stock Exchange (TSX) and celebrates this year, its 20th anniversary. For more information, visit www.2020Technologies.com.

Forward Looking Statements

Certain statements contained in this press release constitute forward-looking information within the meaning of securities laws.

Implicit in this information, particularly in respect of future operating results and economic performance of the Company are assumptions regarding projected revenues and expenses. These assumptions, although considered reasonable by the Company at the time of preparation, may prove to be incorrect. Readers are cautioned that actual future operating results and economic performance of the Company are subject to a number of risks and uncertainties, including general economic, market and business conditions and could differ materially from what is currently expected.

For more exhaustive information on these risks and uncertainties you should refer to our most recently filed Annual Information Form which is available at www.sedar.com. Forward-looking information contained in this report is based on management's current estimates, expectations and projections, which Management believes are reasonable as of the current date. The reader should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it is under no obligation and does not undertake to update this information at any particular time, unless required by applicable securities law.

Contact Information

  • 20-20 Technologies Inc.
    Jean Mignault
    Chief Executive Officer
    (514) 332-4110
    20-20 Technologies Inc.
    Steve Perrone
    Chief Financial Officer
    (514) 332-4110
    Website: www.2020Technologies.com