Cyberplex Inc. (TSX : CX), one of North America's leading technology solutions firms, today announced financial results for its third quarter ended September 30, 2005.

Revenue of $1.41 million was down from the $1.86 million generated in the previous quarter and lower than the $2.30 million recorded during the same period a year ago. The loss before amortization and interest income for the quarter was $335,000 compared to a $55,000 operating profit generated in the previous quarter and the $388,000 generated during the same period a year earlier. The resulting net loss for the quarter was $374,000. Incorporated into these third quarter figures, as part of the general and administrative expenses, was a significant foreign exchange loss, due to the devaluation of the U.S. dollar, totaling $92,000 and a one-time charge resulting from various strategic acquisition related initiatives totaling $142,000.

Gross margin for the quarter was 49%, up from the 45% recorded the previous quarter, and lower than the 55% recorded during the same period a year ago. The Company’s top five clients accounted for approximately 62% of the quarterly revenue with 31% of the revenue derived from clients in the United States. The company finished the period ended September 30, 2005 with cash and short-term investments of $5.21 million compared to $5.13 million at June 30, 2005. Days sales outstanding were improved to 69 days, an improvement of 10 days while compared to 79 days at the end of third quarter of 2004.

“Although the third quarter was a difficult one for our professional services business, we continue to make progress shifting our business toward the attractive, higher growth and recurring revenue oriented managed services segment” said Dean Hopkins, Chief Executive Officer of Cyberplex, “The initial response from our customers regarding our Managed Monitoring offer has been encouraging.”

--------------------------------------------------------------------------------
 
For more information please contact
Investor Relations, Cyberplex
416-597-8889
1-888-597-8889
investor@cyberplex.com