C-Chip Technologies Corporation

C-Chip Technologies Corporation

March 02, 2005 16:30 ET

C-Chip Appoints Andre Monette as CFO


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: C-CHIP TECHNOLOGIES CORPORATION

OTC Bulletin Board, FRANKFURT SYMBOL: CCHI

MARCH 2, 2005 - 16:30 ET

C-Chip Appoints Andre Monette as CFO

MONTREAL, QUEBEC--(CCNMatthews - March 2, 2005) - C-Chip Technologies
Corporation (OTCBB:CCHI) (Frankfurt: CCP-WKN: 255471) is pleased to
announce the recent appointment of Mr. Andre Monette as Chief Financial
Officer.

A veteran manager of corporate finances, Mr. Monette served for
seventeen years as Vice President of Finance and Administration for the
North American subsidiary of Lombard Odier Group, a private Swiss bank
based in Geneva. At his most recent post, prior to joining C-Chip, Mr.
Monette was Operational Risk Manager for the Caisse de Depot et
Placement du Quebec, where he was responsible for the development,
coordination and implementation of an operational risk management
framework.

One of Mr. Monette's many skills that will be particularly relevant to
his role at C-Chip is his expertise with the SEC; as Vice-President and
Treasurer, and then President, of Transatlantic Securities Company, a
wholly-owned subsidiary of Lombard Odier & Cie, he was responsible for
all of the broker/dealer's relations with the Securities and Exchange
Commission.

Stephane Solis, CEO of C-Chip, said: "I would like to publicly welcome
Andre to the C-Chip team. He is an extremely valuable asset for us to
have, possessing a deep wealth of insight into business leadership from
his lengthy history in senior management positions, as well as being an
absolute pleasure for us to work with."
Mr. Monette is both a Chartered Accountant and a Chartered Financial
Analyst, and received his Bachelors in Business Administration from the
Ecole des Hautes Etudes Commerciales de Montreal.

Mr. Monette replaces former CFO Benjamin Leboe, who has accepted a
senior position with the Business Development Bank of Canada, and who
lives in British Columbia with his family. With the sharp increase in
C-Chip's growth rate and organizational complexity as a result of its
recent acquisitions, it was decided that the company needed a CFO who
was based in Montreal full-time.

"It has been a truly wonderful experience to work with a professional of
such high standards as Benjamin Leboe, and the company was very lucky to
have benefited from his expert guidance and determined commitment to
excellence. We congratulate him on the exciting new opportunity he is
pursuing, and wish him all the best in his future ventures," commented
Stephane Solis.

About C-Chip Technologies Corporation

C-Chip Technologies Corporation operates in the risk management
industry. On the technology side, we are positioned in an emerging and
rapidly growing industry that is about interconnecting machines with IT
infrastructures and mobile assets. We integrate wireless communications,
online transactions, software applications, RFID technology, the
Internet and, when location is required, GPS technology to enable
business users to efficiently access, control, manage and monitor remote
assets at low costs. Through wholly-owned subsidiaries, Canadian
Security Agency (2004) Inc. and Chartrand Laframboise Investigation, we
also provide corporations and institutions security services including
corporate investigation, surveillance, electronic monitoring and
protection of personnel and
premises. The Company's goal is to be recognized as a leading provider
of security services and risk management solutions used by corporations
and institutions. Detailed information on our risk management solutions,
their applications and our security services is available on our web
site at www.c-chip.com

FORWARD-LOOKING-STATEMENT: Except for factual statements made herein,
the information contained in this press release consists of
forward-looking statements that involve risks and uncertainties,
including the effect of changing economic conditions, competition within
the credit and security industry, customer acceptance of products and
other risks and uncertainties. Such forward-looking statements are not
guarantees of performance, and C-Chip Technologies Corporation results
could differ materially from those contained in such statements. These
forward-looking statements speak only as of the date of this release and
C-Chip Technologies Corporation undertakes no obligation to publicly
update any forward-looking statements to reflect new information, events
or circumstances after the date of this release.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    C-Chip Technologies Corporation
    Mr. Stephane Solis
    President & CEO
    (514) 337-2447
    ssolis@c-chip.com