NBS Technologies Inc.

NBS Technologies Inc.

March 14, 2005 16:41 ET

NBS Technologies Inc. Announces Executive Change


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: NBS TECHNOLOGIES INC.

TSX SYMBOL: NBS

MARCH 14, 2005 - 16:41 ET

NBS Technologies Inc. Announces Executive Change

TORONTO, ONTARIO--(CCNMatthews - March 14, 2005) - David Nyland, Chief
Executive Officer of NBS Technologies Inc. (TSX:NBS) announces the
appointment of Martin Liddell as the company's new Chief Financial
Officer. "We are delighted to welcome Martin to NBS. We look forward to
Martin bringing his tremendous knowledge and experience to the company."

"Since acquiring UbiQ Inc. in Minneapolis and the assets of Cybernetix
Microelectronique in France last year, we have been deeply engaged in
creating the infrastructure necessary to position this company for
sustained high performance. Martin can and will make a very meaningful
contribution to our turnaround."

Martin joins NBS from Tyco International where he most recently held the
position of CFO of a Canadian-based business unit with global R&D and
manufacturing operations. Prior to that, Martin gained extensive
corporate finance and merger & acquisition experience as a senior
manager with KPMG in the United Kingdom. "This is an exciting
opportunity to work with a terrific team. I look forward to helping with
NBS' turnaround."

Effective March 14th, 2005, John Kennedy, NBS' CFO for the past 15
months, will be leaving NBS to progress career opportunities outside
NBS. John has contributed significantly to the company's business during
his tenure at NBS including playing an instrumental role in the
acquisitions of UbiQ and Cybernetix Microelectronique as well as many
other initiatives such as re-structuring the company debt, and the
company is very grateful for his outstanding contribution.

About NBS Technologies Inc.

NBS Technologies (TSX:NBS) is a leading provider of smart card
manufacturing and personalization equipment, secure identity solutions,
and point of sale transaction services for financial institutions,
governments and corporations worldwide. NBS is a global company with
locations in Canada, China, France, the U.S. and the U.K., along with a
worldwide dealer network. For more information, visit www.nbstech.com.

This news release contains certain forward-looking statements that
reflect the current views and/or expectations of NBS Technologies Inc.
with respect to its performance, business and future events. Such
statements are subject to a number of risks, uncertainties and
assumptions. Actual results and events may vary significantly. No stock
exchange or regulatory authority has reviewed or accepts responsibility
for the adequacy or accuracy of this release.

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