Miranda Technologies Inc.
TSX : MT

Miranda Technologies Inc.

October 17, 2008 06:30 ET

Media Advisory/REMINDER: Miranda Technologies Inaugurates $8M Expansion Project

MONTREAL, QUEBEC--(Marketwire - Oct. 17, 2008) - Miranda Technologies Inc. (TSX:MT), a global developer, manufacturer and marketer of high-performance hardware and software for the television broadcast industry, is pleased to invite members of the media to attend the groundbreaking ceremony that will officially inaugurate the $8 million expansion of its Montreal headquarters in the borough of Saint-Laurent.

The project will expand the company's Montreal facilities to over 94,000 square feet, adding capacity to accommodate up to an additional 150 employees over its existing Montreal workforce of 350.

This initiative, combined with a recent $1 million investment aimed at increasing production capacity, will allow Miranda to expand its research and development and manufacturing operations in Montreal.



HIGHLIGHTS:

WHAT: Groundbreaking ceremony marking the inauguration of an $8 million
expansion project

WHEN: Friday, October 17, 2008 at 11:30 a.m.

WHERE: Miranda Technologies
3499 Douglas-B.-Floreani Street
Montreal, Quebec
West of Autoroute 13
North of Henri-Bourassa Blvd.

WHO: Speakers at the event include:
- Strath Goodship, President and CEO, Miranda Technologies Inc.
- Brian Edwards, Chairman of the Board, Miranda Technologies Inc.
- Alan DeSousa, Mayor of Saint-Laurent Borough and Member of the
City of Montreal Executive Committee responsible for sustainable
development
- Madeleine Caron, Deputy Minister of Economic Development,
Innovation and Export


Members of the media with proper identification will be able to tour the manufacturing facilities.

About Miranda

Miranda Technologies Inc. (TSX:MT) develops, manufactures and markets high-performance hardware and software for the television broadcast industry. Its solutions are purchased by content creators, broadcasters, specialty channels and television service providers to enable and enhance the transition to a complex multi-channel digital and HD broadcast environment. This equipment allows customers to generate additional revenue while reducing costs through more efficient distribution and management of content as well as the automation of previously manual processes. Miranda employs over 450 people at its Montreal headquarters and in its facilities located in Wallingford (UK), Springfield (New Jersey, USA), Paris (France), Tokyo (Japan), Beijing (China), Dubai (United Arab Emirates) and Hong Kong. Miranda is listed on the Toronto Stock Exchange. For more information, please visit www.miranda.com.

Contact Information

  • Source:
    Miranda Technologies Inc.
    or
    Press Contact:
    Morin Public Relations
    Veronique Arsenault / Ariane Morin-Trudel
    514-289-8688, ext. 227 / ext. 234
    Cell: 514-923-9371 / 514-795-0844
    veronique@morinrp.com / ariane@morinrp.com