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Cinemage Cancels IR Contract

"Results have not met expectations", said Froese "so we are moving the function in-house under a new VP - Corporate Finance. The Company is making good progress in its commercialization program, and we need a strong communications program to make sure that the investment community knows about it, and that this is reflected in the Company's share value."

The Company has completed the installation of its first seven Dealer installations, and in response to Dealer and customer suggestions has made significant refinements to its Internet service at www.fineartprints.ca. The Company plans next to roll out its Retail Order Entry Stations, creating a secondary install base of order entry systems that refer the actual printing to an established Print Centre operating a Cinemage Print-Station. Based on a powerful Internet attached computer in a very compact case, with only a high resolution LCD display and keyboard attached, the system has a small footprint that can fit onto retail counters and into small display areas in high traffic locations where rental cost are prohibitive for larger Print-Stations.

"At a cost of about $750 per Retail Order Entry station, we can put a lot of these into the field", added Froese. "One download alone per month covers the equivalent monthly lease cost of the unit."

Cinemage trades on the TSX Venture Exchange under the symbol "CIG".