NBS Technologies Inc.

NBS Technologies Inc.

January 16, 2006 10:12 ET

NBS Technologies Inc. Announces Executive Change

TORONTO, ONTARIO--(CCNMatthews - Jan. 16, 2006) - David Nyland, Chief Executive Officer of NBS Technologies Inc. (TSX:NBS) announces the appointment of Bryan Hills as the company's new Chief Financial Officer. "We are delighted to welcome Bryan to NBS. We are confident that Bryan will use his experience and talent to assist with the continued turnaround and development of the company."

Bryan joins NBS on February 2, 2006 from Cygnal Technologies Corporation, a Toronto Stock Exchange listed company specializing in the design and building of wired and wireless communications networks, where he held the position of Vice President of Finance until being appointed Vice President, Risk Management and Internal Controls. Prior to that, Bryan held Chief Financial Officer and senior finance roles in various technology companies. "I am excited to join the NBS team. I believe this is a wonderful opportunity and I look forward to helping with NBS' turnaround" said Bryan.

Effective January 13, 2006, Martin Liddell, NBS' Chief Financial Officer, left NBS to pursue a career opportunity in the healthcare sector. Martin has contributed significantly to the company's business during his tenure at NBS and the company is very grateful for his focus and commitment. "I am sorry to leave such a challenging and interesting organization, but look forward to my new role" said Martin.

About NBS Technologies Inc.

NBS Technologies 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.

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