/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN
TORONTO, Feb. 4 /CNW/ - Cyberplex Inc. (TSX: CX) (the "Corporation")
announced today that it has entered into an agreement with a syndicate of
agents led by Paradigm Capital Inc. and GMP Securities LP pursuant to which
the agents will arrange for purchasers, on a best efforts, private placement
basis, of up to 8,333,334 common shares of the Corporation (the "Shares") at a
price of $0.60 per Offered Share for gross proceeds of up to approximately
$5,000,000. The proceeds of the offering will be used by the Corporation for
general corporate purposes.
The offering is anticipated to close on or about February 21, 2008. The
Shares will be subject to resale restrictions for a period of four months from
the closing date under applicable securities legislation. Completion of the
private placement will be subject to a number of conditions including the
approval of the Toronto Stock Exchange.
This news release does not constitute an offer to sell or a solicitation
of an offer to buy any of the securities in the United States. The securities
have not been and will not be registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act") or any state securities
laws and may not be offered or sold within the United States or to U.S.
Persons unless registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is available.
About Cyberplex Inc.
Cyberplex Inc. (www.cyberplex.com) is a leading technology firm focused
on providing web advertising solutions and on-line customer acquisition
strategies, as well as application expertise and web-based solutions to its
The Company, through its subsidiaries, has developed a proprietary
network of affiliates which combined with advertising relationships and teams
of technology consultants and design, usability and solutions specialists,
assist customers with all aspects of their web-based applications as they
design, develop and promote solutions that deliver results.
With over 12 years of experience serving Fortune 1000 clients including
Thomson, Atlantic Lottery Corporation, Xerox, Advanced Micro Devices (AMD),
and the Royal Bank of Canada, Cyberplex is frequently the firm of choice for
business leaders looking for reliable solutions. Cyberplex serves clients
across Canada and the US, and is headquartered in Toronto, Canada with offices
in Arlington, Austin and Halifax.
The Toronto Stock Exchange has not reviewed and therefore does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Isaac Osiel, Chief Financial Officer, Tel:
(416) 597-8889, email@example.com