NBS Technologies Inc.

NBS Technologies Inc.

September 28, 2005 17:27 ET

NBS Technologies Inc. Announces Increased Credit Facility

TORONTO, ONTARIO--(CCNMatthews - Sept. 28, 2005) -

To Fund Growth Objectives

NBS Technologies Inc. (TSX:NBS), announced today that a subsidiary of Brascan Corporation, its major shareholder, has increased the NBS operating facility from $17 million to $30 million. The increased facility will provide the company with additional liquidity to fund its growth plans.

"We are pleased that our major investor and lender has reaffirmed its financial support of NBS", said David Nyland, President & Chief Executive Officer of NBS. "The increased operating facility enhances our financial stability, following our major investment in acquisition integration and operations re-structuring this year, and provides the necessary working capital to further the growth of our business in core Financial, Secure ID, GSM and Semiconductor markets during 2006".

About NBS Technologies Inc.

NBS Technologies (TSX: NBS) - 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 Technologies is a global company with locations in Canada, China, France, U.S. and the UK, 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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