C-Chip Technologies Corporation

C-Chip Technologies Corporation

March 22, 2005 09:32 ET

C-Chip Appoints New President & CEO for its Avensys Unit, a Leader in Sensor Technologies Using Fiber Optics


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: C-CHIP TECHNOLOGIES CORPORATION

OTC Bulletin Board, FRANKFURT SYMBOL: CCHI

MARCH 22, 2005 - 09:32 ET

C-Chip Appoints New President & CEO for its Avensys
Unit, a Leader in Sensor Technologies Using Fiber
Optics

MONTREAL, QUEBEC--(CCNMatthews - March 22, 2005) -

Leading Edge Technology Helped Establish Position in a High Growth
Market.

C-Chip Technologies Corporation (OTCBB:CCHI)(FRANKFURT:CCP-WKN:255471)
is pleased to announce the appointment of Mr. Martin d'Amours as
President and Chief Executive Officer of Avensys (www.avensys.ca), its
wholly owned subsidiary, which develops innovative monitoring
technologies using fiber optics.

Mr. d'Amours brings to the C-Chip family 17 years of international
experience having gained this experience with technology companies in
executive management, operations, sales, marketing, product management &
development and engineering with solutions providers and manufacturers.

As a member of the board of directors of Avensys in 2003-2004, Mr.
d'Amours was instrumental in orchestrating the strategic planning effort
of the company. His excellent knowledge of the Avensys operation,
combined with his experience structuring and managing multiple
technology companies in partnership with recognized financial
institutions, makes Mr. d'Amours the ideal candidate to address the
multiple opportunities and challenges presented to Avensys.

After having graduated with a bachelor of applied sciences degree in
engineering at the University of Laval, Mr. d'Amours spent the first 10
years of his career with Bell Canada in Quebec and Ontario, where he
became General Manager, National Accounts. He subsequently became V.P.
of Business Development at Prestige Telecom and Executive Director at
Spectra Telecom where he led the company in developing operations in 11
different countries. Over the last five years, Mr. d'Amours has been
owner and senior partner of a group specializing in operational and
strategic management of technology firms.

Stephane Solis, CEO of C-Chip, said: "I have grown to know Martin over
the last few months through his dynamic contribution in helping C-Chip
succeed in the acquisition of Avensys. I am delighted that through this
process, we both came to the conclusion that he was the best candidate
to spearhead Avensys' growth. Martin has been involved as a management
expert with many technology companies in the last few years; his
decision in accepting to lead Avensys, speaks highly of the potential of
our latest acquisition."

About C-Chip Technologies Corporation

C-Chip Technologies Corporation operates in the risk management
industry, offering both solutions and security services. C-Chip itself
is 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 its
wholly-owned subsidiary Avensys, C-Chip also offers risk management
solutions enabling business and corporations to monitor different types
of environments, including Air, Soil, Water as well as buildings and
infrastructures.

Through two other wholly-owned subsidiaries, Canadian Security Agency
(2004) Inc. (CSA) and Chartrand Laframboise Investigation (CLI), C-Chip
also provides corporations and institutions security services including
corporate investigation, surveillance, electronic monitoring and
protection of personnel and premises.

C-Chip'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 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
    or
    Avensys inc.
    Mr. Martin d'Amours
    President & CEO
    (514) 428-6766 ext. 222
    mdamours@avensys.ca