CSM Systems Corp.
TSX VENTURE : CKX

CSM Systems Corp.

January 26, 2007 17:09 ET

CSM Closes SFOD Financing

EDMONTON, ALBERTA--(CCNMatthews - Jan. 26, 2007) - Further to press releases dated November 7, 2006 and December 4, 2006, CSM Systems Corp. ("CSM") (TSX VENTURE:CKX) announces that CSM has closed its previously announced short form offering document financing with the sale of 600,900 units ("Units") of the Corporation at a price of $0.40 per Unit for aggregate gross proceeds of $240,360 (the "Offering"). Each Unit consists of one common share and one half of one common share purchase warrant. Each whole warrant is exercisable into one common share at a price of $0.50 per common share for a period of 24 months from the issuance of the warrants.

The Offering was completed by way of a short form offering document in accordance with the Policies of the TSX Venture Exchange Inc. (the "TSX Venture"). Northern Securities Inc. ("Northern") acted as the agent in conducting the Offering. Northern was paid a cash commission of $24,036 and received an agent's option to purchase 60,090 Units of the Corporation, such agent's option being exercisable at a price of $0.40 per Unit for a period of 24 months from the closing date.

The net proceeds from the Offering will be used for the marketing and development of ViCCi™, CSM's proprietary virtual customer care interface, and for general corporate purposes. The Offering remains subject to final TSX Venture approval.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The offered securities mentioned in this press release will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

This new release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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