CSM Systems Corp.
TSX VENTURE : CKX

CSM Systems Corp.

January 17, 2008 13:13 ET

CSM Systems Corp. Announces $500,000 Unit Private Placement

EDMONTON, ALBERTA--(Marketwire - Jan. 17, 2008) - CSM Systems Corp. (TSX VENTURE:CKX) ("CSM") intends to complete a non-brokered private placement of up to 1,785,714 million units at a price of $0.28 per unit for gross proceeds of up to $500,000. Each unit will consist of one common share and one common share purchase warrant. Each warrant is exercisable at $0.35 per common share for a period of two years from closing. It is not anticipated that any new insiders will be created, nor that any change of control will occur, as a result of the private placement.

Proceeds of the private placement will be used for the continued roll out of ViCCi units pursuant to the Ivanhoe Cambridge agreement, marketing, product development and as working capital for general operating activities. The completion of the private placement is subject to regulatory approval.

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

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