August 23, 2007 08:00 ET

Syscan's Preliminary Review of Fiscal 2007 Shows Positive Momentum

MONTREAL, QUEBEC--(Marketwire - Aug. 23, 2007) - Syscan International Inc. (TSX VENTURE:SYA)today announced that its preliminary unaudited financial review of the fiscal year ended June 30, 2007, shows marked increases in revenues, more improvements in operating expenses, and a substantial increase in gross margin.

Joseph Tassone, CEO of Syscan, commented, "Gains made in the last half of fiscal 2007 appear to have fuelled vast improvements that have cut our bottom-line net loss in half. For fiscal 2007 we had not expected to post a profit, nevertheless, the results at this stage show very positive momentum."

Preliminary financial review for the fiscal year ended June 30, 2007, as compared to year ended June 30, 2006, (approximations subject to a financial audit) shows:

Revenues improved 30%
RFID revenues doubled
Gross margin doubled
Operating expenses cut 20%
R&D expenses down by half
Net loss reduced by half

Mr. Tassone added, "Furthermore, the performance of the new Syscan Australasia subsidiary, which accounted for only one month of these results, is expected to contribute appreciably more in fiscal 2008."

About Syscan International Inc.

Syscan is a unique supply chain solution provider that delivers integrated real-time tracking and tracing systems that improve business efficiency through Radio Frequency Identification (RFID). Its standardized supply chain solutions include traceability, temperature monitoring and quality control applications for the food and pharmaceutical and military sectors. Shares of Syscan trade on the TSX Venture Exchange under the symbol SYA. There are approximately 47.2 million shares outstanding.

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Forward-looking statements: This news release may contain forward-looking statements that relate to future events or expectations of future performance. Forward-looking statements reflect management's current beliefs and are based on information presently available. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. The forward-looking statements are made as of the date hereof and Syscan does not assume any obligation to update or revise them to reflect new events or circumstances.

The TSX Venture Exchange has not reviewed this release and it does not accept responsibility for its adequacy or accuracy.

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