CompuPrint Receives Second Payment from Major International Oil and Gas Exploration Company.

Total of $1.125 million Received to date on $2.5 Million Contract

NEW YORK -- CompuPrint, Inc. (OTCBB:CPPT), an energy and natural resource exploration technology company, announced today that it has received the second payment of $375,000 from a major oil and gas exploration and production company in connection with its previously announced $2.5 million service contract. This second payment represents a progress payment on the August 2006 contract earned after delivery of the first stage STeP[R] analysis report for an off-shore African oil and gas drilling prospect.

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

"We are pleased to report our receipt of this payment, reflecting the on schedule performance of the Company in delivering its first stage STeP report pursuant to this important contract with one of the world leaders in off-shore oil and gas exploration and production. Our technology will enable our client to more effectively and efficiently conduct its exploration efforts and achieve substantial time and dollar savings, in addition to significant reduction of exploration risk," said Roman Rozenberg, CompuPrint's Chief Executive Officer. "We are optimistic that our STeP technology will open more opportunities to work with this client and other major exploration companies. We are currently in negotiations to render other services to several potential clients."

About CompuPrint, Inc.

CompuPrint, Inc., through its wholly owned subsidiary, Terra Insight Corporation, provides analysis for exploration for oil and gas as well as other minerals subsurface. The Company primarily uses proprietary satellite-based STeP (Sub-Terrain Prospecting) technology, which facilitates the prediction and location of commercially viable deposits of hydrocarbons, gold, diamonds, and other natural resources. The Company interprets and quantifies satellite and geologic data to determine locations and depths of natural resource deposits, and assess them for any given geographic area - on or off shore. The Company, through its subsidiaries and affiliates holds (1) six licenses totaling more than one million acres off-shore Namibia for diamond exploration, (2) a participation interest in a diamond prospect in the Congo of more than one thousand square kilometers, (3) a working interest in a one 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 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, inclusive but not limited to 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.