Evertz Technologies Limited

Evertz Technologies Limited

March 18, 2008 16:14 ET

Evertz Technologies Limited Announces Normal Course Issuer Bid

TORONTO, ONTARIO--(Marketwire - March 18, 2008) –

Attention Business Editors:

Evertz Technologies Limited ("Evertz")(TSX:ET) Board of Directors has authorized the purchase of up to 3,621,590 of its Common Shares by way of normal course purchases on Toronto Stock Exchange ("TSX"), subject to regulatory approval. These Common Shares represent 5% of the common shares outstanding on March 17, 2008.

Evertz believes that its Common Shares currently trade in a price range that does not adequately reflect their underlying value based on Evertz business and strong financial position. As a result, depending upon future price movements and other factors, Evertz believes that its outstanding Common Shares represent an attractive investment and a desirable use of a portion of its corporate funds.

The purchases may commence on the date that is two trading days after the latest of (i) the date of acceptance by TSX of Evertz notice of intention in final executed form, and (ii) the date that Evertz issues the press release required by TSX. It is expected that the purchases will terminate not more than one year after the purchases commence, or on such earlier date as Evertz may complete its purchases.

Purchases will be made by Evertz in accordance with applicable regulatory requirements and the price which Evertz will pay for any such Common Shares will be the market price of such shares at the time of acquisition. Purchased Shares will be cancelled. Evertz has not previously entered into a normal course issuer bid.

To the knowledge of Evertz, no director, senior officer or other insider of Evertz currently intends to sell any Common Shares under this bid. However, sales by such persons through the facilities of the TSX may occur if the personal circumstances of any such person change or any such person makes a decision unrelated to these normal course purchases. The benefits to any such person whose shares are purchased would be the same as the benefits available to all other holders whose shares are purchased.

Forward-Looking Statements

The report contains forward-looking statements reflecting Evertz' objectives, estimates and expectations. Such forward looking statements use words such as "may", "will", "expect", "believe", "anticipate", "plan", "intend", "project", "continue" and other similar terminology of a forward-looking nature or negatives of those terms.

Although management of the Company believes that the expectations reflected in such forward-looking statements are reasonable, all forward-looking statements address matters that involve known and unknown risks, uncertainties and other factors. Accordingly, there are or will be a number of significant factors which could cause the Company's actual results, performance or achievements, or industry results to be materially different from any future results performance or achievements expressed or implied by such forward-looking statements.

About Evertz

Evertz Technologies Limited (TSX:ET) designs, manufactures and markets video and audio infrastructure equipment for the production, post production, broadcast and internet protocol television ("IPTV") industry. The Company's solutions are purchased by content creators, broadcasters, specialty channels and television service providers to support their increasingly complex multi-channel digital and high definition television ("HDTV") broadcast environments and by telecommunications companies to roll-out IPTV. The Company's products allow its customers to generate additional revenue while reducing costs through the more efficient signal routing, distribution, monitoring and management of content as well as the automation of previously manual processes.