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CPL Technologies Announces: Successful Start in the Europeans Operations and Changes in the Board of Directors.


MONTREAL -- CPL CPL - Combined Programming Language. U Cambridge and U London. A very complex language, syntactically based on ALGOL 60, with a pure functional subset. Provides the ..where.. form of local definitions. Strongly typed but has a "general" type enabling a weak form of polymorphism.  TECHNOLOGIES INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic.

Antonym: dec.
 (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
 VENTURE:CCY CCY Currency
CCY Cholecystectomy
CCY clean cut youngers (UK band)
CCY Clock Cycle
) has announced today that after less than 3 months a first installation of C2 Enterprise software solution was made in Europe.

The Company and its Europeans Partner CPL Solutions S.A has completed successfully, in late December and in January, their first C2 Enterprise Software integration in Europe, a contract value of more than 90,000 Euro." This integration was deployed rapidly with success in a network installation different that the one we use to have in most of our Canadian customers showing the flexibility and the user friendliness of C2 Enterprise Software solution" said with pride, M. Jean-Claude Desaulniers.

This successful installation of our C2 Enterprise solution in Europe shows the reliability of our new partner and the opening of the Europeans market to our Customer Caresoftware solution and will allow our partner to have an important customer reference in Europe.

Changes in the Board of Directors:

M. Jonathan Allaire an employee of the Company since 1999 was nominated as a director of the Company to represent the Workers Cooperative of CPL Technologies Inc. in replacement of Francine Hebert who has resigned from the Board on January 15th 2006. Mrs. Hebert has decided to accept a new career opportunity in the Vancouver Region and will no more be available.

"We are proud to add to the Board the expertise of M. Allaire as an Information Technology specialist and we are sure that he will be an important asset for the Board of Directors." said M. Desaulniers, Chairman of the Board.

M. Stephane Lauziere has decided to change his career orientation in a new line of business and consequently has resigned as vice-president and director of the Company. The Board has the intention to replace M. Lauziere in the next few weeks by an independent board director.

Those resignations were approved by the Board of directors on January 17th 2006.

Granting of stock options:

During the month of January, on the recommendation of the remuneration REMUNERATION. Reward; recompense; salary. Dig. 17, 1, 7.  committee, the board of directors has approved the granting of stock options to M. Julien Lewis, CFO See Chief Financial Officer.  and M. Jean-Claude Desaulniers, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , on these conditions:
- M. Julien Lewis, CFO: granting of 50,000 stock options at an
   exercise price of the market value of the common share plus
   15%, on January 4th 2006 or 0.10$ , 25,000 stock options will
   available for exercise only after October 1st 2006 and the
   other 25.,000 stock option after October 1st 2007 and not later
   than January 5th 2011;

 - M. Jean-Claude Desaulniers, CEO : granting of 250,000 stock
   options at an exercise price of the market value of the common
   share plus 15%, on January 16th 2006 or 0.10$, those stock
   options will be available for exercise only after January 1st 2007
   and not later than January 17th 2011;



CPL Technologies is a recognized leader in request management solutions, for Customer Relationship Management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ) or internal support centers. CPL builds on extensive expertise and a thorough mastery of high-end development tools, focusing on integrating technologies that are constantly being refined to deliver superior customer care.

Other information about CPL Technologies Inc. is available on SEDAR SEDAR System for Electronic Document Analysis and Retrieval
SEDAR Southeast Data, Assessment, and Review
 (www.sedar.com).

The TSX Venture Exchange TSX Venture Exchange

Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors.
 does not accept responsibility for the ad equacy or accuracy of this release.

CPL Technologies Inc. (TSX VENTURE:CCY)
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 26, 2006
Words:552
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