CPL Technologies Inc.

CPL Technologies Inc.

March 30, 2005 09:28 ET

CPL Technologies Inc. Announces Meeting Date and the Granting of Stock Option to the Member of the Board of Directors


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CPL TECHNOLOGIES INC.

TSX VENTURE SYMBOL: CCY

MARCH 30, 2005 - 09:28 ET

CPL Technologies Inc. Announces Meeting Date and the
Granting of Stock Option to the Member of the Board of
Directors

MONTREAL, QUEBEC--(CCNMatthews - March 30, 2005) - CPL TECHNOLOGIES INC
(TSX VENTURE:CCY) has announced today that the Annual and special
meeting of shareholders will be held on May, 25th, 2005, at 11:00 am, in
Laval, Quebec.

The Corporation has also a record date of April 20th, 2005 for
shareholders who will be eligible to vote at this meeting.

Granting of stock option to the members of the Board of directors.

On March 24th, 2005, the Board of director granted 25,000 stock options
to each of the director for a total of 125,000 stock option. Those
option were granted at an exercise price of the market value of the
common share plus 15%, or 0.12$ per stock option. Those stock options
have to be exercised before March 24th, 2010. After this granting,
960,000 stocks option are issue, on a possible total of 1,295,306 stocks
option under the plan. This granting is subject to the approval of the
TSX Venture Exchange.

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.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    CPL Technologies Inc.
    Jean Claude Desaulniers - President,
    Chief Executive Officer and Chief Financial Officer
    866 978-1200
    450 978-6665 (FAX)
    jcdesaulniers@cpl-inc.com
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.