CPL Technologies Inc.
TSX VENTURE : CCY

CPL Technologies Inc.

October 03, 2005 16:02 ET

CPL Technologies Appointment of M. Julien Lewis CA as Chef Financial Officer, CFO

MONTREAL, QUEBEC--(CCNMatthews - Oct. 3, 2005) - CPL TECHNOLOGIES INC ("The Company" or "CPL") (TSX VENTURE:CCY)

The Company announces the appointment of M. Julien Lewis, chartered accountant, as the Chef Financial Officer of CPL. M. Lewis has been an employee of CPL since September 2003.

Further to the appointment of M. Lewis, the president of CPL M. Jean-Claude Desaulniers mentioned:

"We are proud to count on the skills of a specialist like Julien Lewis. Since its employment he contributed to the expansion of CPL, it was normal to promote him to the position of Chef Financial Officer".

Signature of an agreement with the Company Magna Carta Capital Markets ("Magna Carta")

On September 9th 2005, CPL signed an agreement with Magna Carta investment banking on an exclusive basis for a one year period to help the Company in its financial planning.

Magna Carta will be paid with common shares of the Company only on a percentage basis of the financing raised. The Company intends to raise up to one million five hundred thousand dollars ($1,500,000) by December 21st 2006.

An initial deposit of seventy five thousand (75,000) common shares (representing ten thousand five hundred dollars ($10,500)) is payable. The issuing of common shares has to be accepted by the appropriate regulatory authorities.

CPL Technologies is a recognized leader in request management solutions, for Customer Relationship Management (CRM) or internal support centers. CPL builds on extensive expertise and a thorough mastery of high-end development tools, focusing on integrating technologies that are constantly being refined to deliver superior customer care.

More information on the Company CPL Technologies is available on SEDAR (www.sedar.com).

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

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