Lyrtech announces a request for the repayment of loans



    QUEBEC CITY, Jan. 14 /CNW/ - Lyrtech Inc. (TSX-V: LYT) announces that
after markets closed on Friday, January 11, 2008, it received a letter from
its bank which formally demanded repayment of its credit facilities within 10
days. Lyrtech is currently exploring alternatives for re-financing and is in
negotiations with creditors and potential business partners. These
negociations have been on-going for a number of weeks and are expected to
conclude shortly. Lyrtech continues to operate its business and will advise of
any material developments as they occur.

    About Lyrtech

    Lyrtech develops and manufactures advanced digital signal processing
solutions for companies worldwide, a vital technology to network and wireless
communications, audio and video processing, as well as electronic systems in
all fields of technology. Lyrtech offers a full range of DSP-FPGA development
platforms and software IP, as well as design, prototyping, and manufacturing
of electronic products through its manufacturing division. Lyrtech works in
partnership with industry leaders such as Texas Instruments, The MathWorks,
and Xilinx. Lyrtech's customers include many prestigious names of the consumer
electronics, telecommunications, aerospace, and defense fields. For more
information, visit www.lyrtech.com.

    Forward-looking statements

    Certain statements made in this press release regarding Lyrtech's future
operations, expected financial position, future revenues, projected costs,
prospects, plans and objectives are forward-looking statements. These
forward-looking statements, by their nature, necessarily involve risks and
uncertainties that could cause actual results to differ materially from those
contemplated by the forward-looking statements. Lyrtech considers the
assumptions on which these forward-looking statements are based to be
reasonable at the time they were prepared, but cautions that these assumptions
regarding future events, many of which are beyond Lyrtech's control, may
ultimately prove to be incorrect. Factors and risks which could cause actual
results to differ materially from current expectations are discussed in
Lyrtech's annual report for the year ended December 31, 2006. Lyrtech
disclaims any intention or obligation to update or revise any forward-looking
statements. For additional information on risks and uncertainties relating to
these forward-looking statements, investors should consult Lyrtech's ongoing
filings, including its most recent annual report, found on SEDAR at
www.sedar.com.

    The TSX Venture Exchange Inc. has not reviewed and does not accept
    responsibility for the adequacy and accuracy of this release.

    %SEDAR: 00014715EF




For further information:

For further information: Louis Bélanger, President and CEO, Lyrtech
Inc., (418) 877-4644, louis.belanger@lyrtech.com

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LYRTECH INC.

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