News Releases

PRIVATE PLACEMENT OF $80,000 IN COMMON STOCK & WARRANTS

Proceeds of the financing will be used to complete the next-stage sales and marketing plan and business plan summary and for general working capital.

"We're pulling together the market research and positioning intelligence we've gained over the past year into an updated and consolidated marketing and business plan that will drive further market development", said Edgar Froese, president and chief executive officer of Cinemage Corp.

The company has completed its first seven dealer installations, and in response to dealer and customer suggestions, has made significant refinements to its Internet service. 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 costs are prohibitive for larger print stations.

"We're excited about the opportunities we see for our next stage in business development," added Mr. Froese. "With the assistance of David Golinsky and our executive advisory committee we're developing a strategic market development plan that we're confident will see 2005 as the break-out business year for Cinemage."