CPL Technologies Inc.
TSX VENTURE : CCY

CPL Technologies Inc.

September 19, 2007 08:39 ET

CPL in Acquisition Mode

MONTREAL, QUEBEC--(Marketwire - Sept. 19, 2007) -

Attention Business/Finance Editors

CPL Technologies Inc. (TSX VENTURE:CCY), a leading provider of customer support application systems, will acquire Quebec based-companies to accelerate its growth. The Company is also pleased to announce the appointment of Mr. Roger Plourde as president and Chief Executive Officer, effective immediately.

CPL is set to acquire NetMarketingSolution.com Inc. of which Mr.Plourde is the major shareholder though his holding company Groupe Proselect inc. and Groupe XiV a company owned by Groupe Maloin. These companies are primarily involved in the customization and deployment of Internet-based marketing solutions and applications. These solutions empower companies to deploy Internet-based marketing initiatives more effectively.

"At the outset these acquisition will enable CPL to increase its top and bottom line results," said Jean-Claude Desaulniers CPL's former president and CEO. In addition, we see significant cross-selling opportunities between CPL's current client base and those at of the acquired companies. That said, we are pleased with the first of many acquisitions CPL plans on pursuing in the coming years."

Mr. Desaulniers added: "I have also decided to step down as president and CEO to make way for new leadership. That said, I will remain intimately involved with CPL and will focus on maintaining and expanding the customer base and offering of C²Enterprise. Mr. Plourde, CPL's new president and CEO, is a leading online marketing expert. He has conceptualized and developed proprietary software applications and marketing solutions for numerous customers. Over the past two years, he has also acquired and integrated three companies successfully. His extensive acquisition and integration experience will provide CPL with the talent required to execute its long-term growth plan."

Mr. Plourde, the new president and CEO of CPL Technologies, stated: "I am pleased to join the CPL family. Over the years, Internet marketing capabilities have become increasingly important to customers. CPL's primary software solution, C²Enterprise, will eventually offer an integrated software and Internet marketing platform solution. Combining our efforts will enable CPL to further penetrate the expanding and lucrative online marketing field."

In the coming weeks CPL and the target companies will undergo an independent valuation to validate each company's value more precisely. This acquisition will be payable by an exchange of shares and CPL anticipates that this business combination is likely to make Mr. Plourde the majority shareholder of CPL Technologies Inc. CPL's stock will remain halted until corporate valuations are completed and final acquisition terms are made public.

ABOUT CPL TECHNOLOGIES

CPL Technologies is a recognized leader in request management solutions and the developer of the leading Helpdesk and Customer Service solution C²Enterprise. Since 1994, it has dedicated its efforts to delivering unique solutions to the issues facing the Customer Service industry. The Company delivers applications that are flexible, scalable and easy to use. Over the years, CPL has acquired a wide range of customers in a diverse array of industries. Its client portfolio includes renowned companies such as Ubisoft, CGI and Orange Mobile, among others. For more information please visit our website at www.cpl-inc.com

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of CPL Technologies. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. The business of the Company and these forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ from expected results. A description of risk factors are discussed in the Company's Annual MD&A and Annual Information Form, filed with the securities regulatory authorities in Canada. The Company's business, financial condition or operating results could be materially adversely affected if any of these risks and uncertainties were to materialize. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • CPL Technologies Inc.
    Roger Plourde
    President and CEO
    1-866-978-1200
    450-978-6665 (FAX)
    roger@netmarketing.ca
    or
    Investor Relations:
    IntelHub Financial Corporation
    Moses Bendayan, CFA
    514-499-8482 ext. 201
    moses@intelhub.com