Canada's Pizza Delivery Corp. updates plan of arrangement

    CALGARY, Aug. 3 /CNW/ - Canada's Pizza Delivery Corp. (TSXV: CPZ) (the
"Corporation") announces that it anticipates completing the Plan of
Arrangement, involving the Corporation, the Shareholders of the Corporation
and Roberto Ledeboer, before the end of next week. Closing had been delayed by
the need to move certain shares out of the Canadian Depository for Securities
and to complete certain financial arrangements with the Corporation's lenders.
    As the Corporation had intended to complete the Plan of Arrangement prior
to July 30, 2007, no annual financial statements for the year ended March 31,
2007, have been prepared or filed with regulatory authorities.

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

For further information:

For further information: Jeffrey E. Dyck, at (403) 298-1052

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