CompuPrint Delivers the First Stage STeP(R) Oil and Gas Report to a Major International Oil and Gas Exploration and Production Company.

$750,000 Received on $2.5 Million Contract

NEW YORK -- CompuPrint, Inc. (OTCBB:CPPT), an energy and natural resource exploration technology company, has received the first payment of $750,000 from a major oil and gas exploration and production company in connection with a $2.5 million service contract the Company received in August 2006. The Company has completed its preliminary analysis of the contracted off-shore African oil and gas drilling prospect and delivered its first stage STeP analysis report. Under the agreement, the Company has now earned an additional progress payment of $375,000. Under the contact, the remaining two payments are to be paid over the next sixty days, with the last payment being made on delivery of the final report.

In preparing its analysis, the Company utilizes a proprietary technology STeP which is based on interpretation of satellite data to effectively identify oil and gas as well as other minerals subsurface. CompuPrint conducts its operations through its wholly owned subsidiary, Terra Insight Corporation (TIC).

"We are proud that one of the world leaders in off-shore oil and gas exploration recognizes the value of STeP[R]. Our technology will enable our client to more effectively and efficiently exploit its exploration efforts and achieve substantial time and dollar savings," said Roman Rozenberg, CompuPrint's Chief Executive Officer. "We have already demonstrated that we can help substantially reduce the number of dry holes in off-shore drilling. We are optimistic that our STeP[R] technology will open more opportunities to work with this client and other major exploration companies. The Company is currently in negotiations with several potential clients to render services."

About CompuPrint, Inc.

CompuPrint, Inc., through its wholly owned subsidiary, Terra Insight Corporation, provides subsurface surveying, and analytical services for exploration, drilling, and mining companies. The Company primarily uses satellite-based STeP technology, which facilitates the prediction and location of commercially viable deposits of hydrocarbons, gold, diamonds, and other natural resources. The Company interprets and quantifies geologic and satellite data to develop the assessment of natural resources for any given geographic area - on or off shore. The Company, through its subsidiaries and affiliates holds (1) six licenses to approximately 1 million acres off-shore Namibia for diamond exploration, (2) a participation interest in a diamond prospect in the Congo, (3) a working interest in a 1 million acre Kurdistan oil prospect, (4) leases for oil and gas parcels totaling more than 16,000 acres of land in the Rail Road Valley and White River Valley areas of Nevada and (5) oil and gas leases oil and gas leases in East and South Texas,. For more information visit http://www.terrainsight.com.

This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause the Company's expectations and beliefs about its plans to acquire additional exploration properties, plans to drill or drilling results to fail to materialize: competition for new acquisitions; availability of capital; unfavorable geologic conditions; prevailing prices for oil, natural gas and other natural resources; and general regional economic conditions.