Matrikon(TM) sells SCADANet to CriticalControl



    EDMONTON, June 23 /CNW/ - Matrikon Inc. has signed an agreement to sell
its SCADANet business to CriticalControl Solutions Corp. for $800,000 in cash.
The transaction, which is subject to the usual closing conditions, is expected
to close July 2, 2008.
    SCADANet enables the monitoring of oil and gas wells by collecting,
storing, analyzing and presenting well site data to oil and gas producers, and
represents less than one per cent of Matrikon's total revenue.
    "Throughout the past year, Matrikon has focused on establishing
leadership position and market share with our core industry applications,"
stated Nizar J. Somji, president and CEO of Matrikon. "SCADANet, which is
delivered as a "leased" solution, is secondary to this strategy and targets a
different client base than our other products and solutions. Given
CriticalControl's focus on developing this particular segment of the market,
we believe our SCADANet customers will be well served as a result of this
sale."

    About CriticalControl

    CriticalControl is a publicly traded technology company listed on the TSX
Venture Exchange under the symbol "CCZ."

    About Matrikon

    Matrikon (www.matrikon.com) is a leading provider of integrated
industrial intelligence solutions that enable manufacturing plants to achieve
operational excellence by transforming production data into knowledge to
predict and prevent problems and optimize operations. Matrikon's customers
achieve agile operations through the combination of external market and plant
data to make informed, intelligent decisions in real-time. With offices in
major cities throughout North America, Australia, Europe and the Middle East
and a global client base including industry leaders in a wide range of process
industries, Matrikon's reach is global.

    Matrikon is a registered trademark of Matrikon Inc.

    Forward Looking Statements
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    In order to provide our investors with an understanding of our current
results and future prospects, our communications often include written or oral
forward-looking statements. This news release filed with the Canadian
securities regulators contain statements that are forward-looking. These
statements are made pursuant to the "safe harbor" provisions of applicable
Canadian securities legislation. These statements represent Matrikon's
intentions, plans, expectations and beliefs and are based on our experience
and our assessment of historical and future trends and the application of key
assumptions relating to future events and circumstances. These statements may
include, but are not limited to, comments about our objectives and priorities
for 2008 and beyond, strategies and targets, expectations for our financial
condition, and the outlook for our operations and external factors that may
impact results, including global economies and industry trends.
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    Forward-looking statements require assumptions and involve risks and
uncertainties related to our business and the general economic environment,
many beyond our control. There is significant risk that the predictions,
forecasts, conclusions or projections we make will not prove to be accurate
and that our actual results will be materially different from the targets,
expectations, estimates or intentions expressed in the forward-looking
statements. We caution readers of this information circular not to place undue
reliance on our forward-looking statements.
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    The future outcomes that relate to forward-looking statements may be
influenced by many factors, including but not limited to: general economic
conditions in the countries in which we operate; currency fluctuations; market
demand for our products and services; our ability to execute projects and
deliver solutions; our ability to execute our strategic plans and to complete
and integrate acquisitions; the degree of competition in the geographic and
business areas in which we operate; our ability to attract and retain
qualified employees and contain payroll costs; our ability to contain
expenses; technological changes and research and development; the length of
the sales cycle required to close larger solution contracts; availability of
financial resources to carry out our strategy; our ability to protect our
intellectual and intangible properties; legal claims; critical accounting
estimates; the possible effects on our business of war or terrorist
activities; disease or illness that affects local, national or international
economies; and disruptions to public infrastructure, such as transportation,
communications, power or water supply. We caution that this list is not
exhaustive of all possible factors.
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    Other factors could adversely affect our results. For more information,
please see the discussion on the principal risks that could affect our
results, beginning on page 44 of Matrikon's 2007 Annual Report.
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    When relying on forward-looking statements to make decisions with respect
to Matrikon, investors should carefully consider these factors, as well as
other uncertainties and potential events, and the inherent uncertainty of
forward-looking statements. Unless required by law, we do not undertake to
update any forward-looking statement, whether written or oral, that may be
made from time to time by the company or on its behalf.
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For further information:

For further information: Nicole Sayler, Corporate Communications
Director, (780) 945-4010, (877) 628-7456 x 4010, email:
nicole.sayler@matrikon.com

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MATRIKON INC.

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