Virtek Vision International Inc.
TSX : VRK

Virtek Vision International Inc.

January 12, 2007 15:16 ET

Virtek Files Preliminary Short-Form Prospectus for an Offering of Common Shares

WATERLOO, ONTARIO--(CCNMatthews - Jan. 12, 2007) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO U.S. NEWS WIRE SERVICES.

Virtek Vision International Inc. ("Virtek") (TSX:VRK) today announced that it has filed a preliminary short-form prospectus with the securities regulatory authorities in the provinces of British Columbia, Alberta and Ontario in connection with a best efforts equity financing. The offering will be conducted through a syndicate of agents led by Paradigm Capital Inc. and including Fraser Mackenzie Limited. Final pricing and determination of the number of common shares to be sold under the offering will occur immediately prior to the filing of the (final) short form prospectus in respect of the offering.

Virtek expects to use the net proceeds from the Offering primarily for general corporate purposes including working capital and strategic acquisitions. The Company has no present agreements or commitments with respect to any acquisitions.

Closing of the offering is subject to certain conditions, including but not limited to, receipt of all necessary securities regulatory approvals, including the approval of the Toronto Stock Exchange.

Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of the Company. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. Such factors may include, without excluding other considerations, fluctuations in quarterly results, evolution in customer demand for the Company's products and services, the impact of price pressures exerted by competitors, and general market trends or economic changes. As a result, readers are advised that actual results may differ from expected results.

This press release does not constitute an offer of the securities described herein in any jurisdiction. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state and may not be offered or sold in the United States absent an exemption from registration.

About Virtek

Virtek Vision International Inc. is a leading provider of precision laser-based templating, inspection, marking and engraving products and systems integration solutions. Virtek serves customers in the prefabricated construction, transportation, metalworking, tool and die and mold making industries worldwide. The Company's solutions enable customers to produce their products faster, better and at a lower cost. The majority of Virtek's sales are in the United States and Europe. Virtek maintains offices in Waterloo, Ontario, Canada; Boston, Massachusetts, USA; Ludenscheid and Nurnberg, Germany, Busto Arsizio, Italy and Ebina City, Kanagawa, Japan.

Please visit www.virtek.ca for more information.

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