CPL Technologies Inc.
TSX VENTURE : CCY

CPL Technologies Inc.

November 12, 2008 15:33 ET

CPL Technologies Closes Acquisition of NetMarketingSolution.com Inc., a Software Developper and Marketing Service Provider

MONTREAL, QUEBEC--(Marketwire - Nov. 12, 2008) - CPL Technologies inc. ("CPL") (TSX VENTURE:CCY) announces announces that is has received all required regulatory approvals to complete the acquisition of NetMarketingSolution.com inc. The transaction has been closed on Septembre 29 2008, a company dedicated to integrating technologies in marketing activities.

The transaction was completed as previously agreed and therefore NetMarketing' shareholders receive the amount of $2 350 081, payable through the issuance of 12,051,699 CPL's Common at an issue price of $0.195 per share.

Following this transaction, management was reorganised and Gerard Lallemand becomes Chief Financial Officer. Mister Lallemand is an experienced professionnal having served as controler for serveral companies over the years. Until now, he was controller of NetMarketingSolution; he will preserve continuity in the integration of the financial activities on NetMarketingSolution with CPL.

About CPL Technologies Inc.

CPL Technologies inc. is a recognized leader in solutions to integrate technologies in marketing activities and customer service. The company develops C2Enterprise(TM), a customer service solution, GlobeMeeting(TM) for online virtual meetings, eFlyerMaker(TM) for online direct and relational marketing and 10-4Roger(TM) a collaborative tool and community marketing solution.

The Company delivers applications that are flexible, scalable and easy to use supported with efficient professional services. Over the years, CPL has acquired a wide range of customers in a different industries. For more information, please visit our website at www.cpltechnologies.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 Inc. 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 is discussed in the Company's Annual MD&A and financial information 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.

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