Cyberplex Inc. (TSX: CX), a North American technology consulting firm, is pleased to announce the acquisition of WebAffairs Inc. (“WebAffairs”), a Toronto based Internet solutions and services company supporting all of its clients creative and technology needs.

“WebAffairs is unique in its ability to offer complex technology solutions to small and midsized organizations through long term, recurring licenses.” said Geoffrey Rotstein, CEO of Cyberplex.  “By using internally built solutions and interfaces, WebAffairs is able to license technology to clients on a multi-year basis and provide them with affordable solutions while building a recurring revenue model.”

“We are very excited about the opportunity to join Cyberplex.” said Meir Gluzberg, president of WebAffairs.  “After eight years of building our reputation as a reliable partner for hundreds of organizations, we have a solid foundation that is poised for growth.  The increasing demand for our services, combined with the skills, experience and resources of Cyberplex will benefit both existing and new customers.”

Further details of the transaction can be found in filings of Cyberplex at www. sedar.com.

About WebAffairs

WebAffairs Inc. (http://www.webaffairs.com/) based in Toronto, provides Internet solutions to companies in Canada and abroad.  Established in 1999, it offers a full-spectrum of creative and technical services to a wide range of industries.  From custom and template website development to Search Engine Optimization, WebAffairs combines fresh design, open & available communication, and practical strategies to meet business targets. WebAffairs also owns and operates ArtAffairs, the leading Internet solutions developer and business to business portal for the Art and Framing Industry in North America.

This news release may contain certain forward-looking statements that reflect the current views and/or expectations of Cyberplex Inc. with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly.

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For more information please contact
Investor Relations, Cyberplex
416-597-8889
1-888-597-8889
investor@cyberplex.com