Copacabana Capital Limited
TSX VENTURE : CAP

April 20, 2007 09:44 ET

Copacabana Capital Limited: Corporate Update

HAMILTON, BERMUDA--(CCNMatthews - April 20, 2007) -

NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Copacabana Capital Limited (TSX VENTURE:CAP) ("Copa" or the "Company") continues to work with various Canadian Securities Commissions who have issued cease trade orders for failure of the Company to file various financial statements and supporting information within the prescribed time limits. Once these orders are lifted, Copa will seek trading reinstatement of the Company's common shares with the TSX Venture Exchange. There is no assurance that the Securities Commissions will lift their cease trade orders, and there is no assurance that the TSX Venture Exchange will reinstate for trading the company's common shares.

Business Update: Copa, through its wholly-owned U.S. subsidiary sources technology and computer products which it rents, leases and sells to end users. The Company is currently exploring options which may involve a sale of all or part of these operations. There is no assurance any transaction or event will occur.

This press release includes certain forward looking statements including management's assessment of the Company's future plans and operations based on current views and expectations. All statements other than statements of historic facts are forward looking statements. These statements contain substantial known and unknown risks and uncertainties, some of which are beyond the Company's control. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward looking statements. Readers should not place undue reliance on these forward looking statements which represent estimates and assumptions only as of the date on which such statements are made. The Company undertakes no obligation to publicly revise or update any forward looking statements, whether as a result of new information, future events or otherwise.



COPACABANA CAPITAL LIMITED
Suite 280 - 12 Church Street
Hamilton, HM11 Bermuda
Telephone: (441) 799-2928
Facsimile: (914) 509-1913


Neither the TSX Venture Exchange, nor any Canadian Securities Commission has reviewed this release and they do not accept responsibility for the adequacy or accuracy of the contents of this release.

Contact Information

  • Copacabana Capital Limited
    Gordon Flatt
    President