Miranda Technologies Inc.
TSX : MT

Miranda Technologies Inc.

May 17, 2007 08:52 ET

Luc St-Georges, Miranda's new Senior Vice-President of Operations

MONTREAL, May 17 - Miranda Technologies Inc. (TSX:MT), a
global developer, manufacturer and marketer of high-performance hardware and
software for the television broadcast industry, today announced the
appointment of Luc St-Georges to the newly created position of Senior
Vice-President of Operations.

In this role, Mr. St-Georges will have overall responsibility for all
processes pertaining to delivery of products to customers, from order intake
to shipment. He will oversee manufacturing activities as well as customer
order processing and logistics, while also integrating production engineering.

"Luc's appointment is a clear demonstration of our will to take our
manufacturing to the next level", said Strath Goodship, President and CEO of
Miranda. "He is the right person to contribute to the company's progression.
Luc brings tremendous experience in operational strategies, including new
product introduction processes and continuous improvement. With the positive
reaction that our new products generated at NAB, and the follow-through
business that we are anticipating, Luc's arrival is well timed."

Before joining Miranda, Mr. St-Georges was CEO of Positron Technologies,
an international leader in high-end electronics contract manufacturing. He is
known as a well-known figure in the field of complex electronics manufacturing
practices.

"My mandate is clear", said Luc St-Georges. "I must lead the operations
team to reach ever-increasing levels of quality and minimizing the time it
takes to introduce new products. These two go hand in hand. The teams I head
up are already focusing on improving their practices, implementing new
manufacturing processes and improving customer response. With the right tools
and know-how, we will have the means to take on our future challenges."

Forward-looking Statements

This press release contains forward-looking statements reflecting
Miranda's objectives, estimates and expectations. Such statements may be
marked by the use of verbs such as 'believe', 'anticipate', 'estimate',
'looking ahead' and 'expect', as well as the use of the conditional or future
tense. By their very nature, such statements involve risks and uncertainties.
Consequently, results could differ materially from the Company's expectations.
Risks that could cause results to differ materially from Miranda's
expectations are discussed under the heading Risk Factors in the Company's
Annual Information Form, which is available on SEDAR at www.sedar.com. The
forward-looking statements contained in this press release represent Miranda's
current expectations and, accordingly, are subject to change. However, the
Company disclaims any intention and assumes no obligation to update or revise
any forward-looking statement, whether as a result of new information or
events or otherwise, unless required to do so by the applicable securities
legislation.

About Miranda

Miranda Technologies Inc. (TSX:MT) develops, manufactures and markets
high-performance hardware and software for the television broadcast industry.
Its solutions are purchased by content creators, broadcasters, specialty
channels and television service providers to enable and enhance the transition
to a complex multi-channel digital and HDTV broadcast environment. This
equipment allows customers to generate additional revenue while reducing costs
through more efficient distribution and management of content as well as the
automation of previously manual processes. Miranda employs over 400 people at
its Montreal headquarters and in its facilities located in Wallingford (UK),
Springfield (New Jersey, USA), Paris (France), Tokyo (Japan), Beijing (China)
and Hong Kong. Miranda became a public company in December 2005 and is listed
on the Toronto Stock Exchange. For more information, please visit
www.miranda.com.

Contact Information

  • Investors: René Vachon, Executive Vice
    President and CFO, Miranda Technologies Inc., (514) 333-1772; Media:
    Simon-Pierre Pouliot, Director of Communications, Miranda Technologies Inc.,
    (514) 333-1772; Source: Miranda Technologies Inc.