Cyberplex Inc. (TSX: CX), a leading technology firm focused on providing web solutions and on-line customer acquisition strategies, today announced its financial results for the third quarter ended September 30, 2007. 

Revenue for the three month period ended September 30, 2007 was $4.72 million up 280% from the $1.24 million generated a year earlier and an increase of 6% from the $4.44 million recognized in the previous quarter.  On an operational basis, the loss before amortization and interest income for the quarter was $145,000, after accounting for a foreign exchange loss of $210,000 and one-time non-recurring stock compensation expense of $103,000.  This figure compares to a $114,000 operating loss for the same period a year earlier and a loss of $4,000 generated in the previous quarter. 

Gross margin for the quarter was 41%, consistent with the 42% recorded in the previous quarter and the Company’s top five clients accounted for approximately 30% of the quarterly revenue.  The company finished the quarter with cash and cash equivalents of $1.27 million.

Exciting developments during the quarter included:

Completion of the acquisition of Eidenai Innovation Inc.
Addition of over 50 new advertising campaigns initiated through the affiliate network
Increase in backlog of over 100% for the services organization
As a result of the Eidenai acquisition, Cyberplex will benefit from the additional scale to the organization, the new client relationships that can be developed and the synergies that will result from combining the two organizations.  These benefits, combined with the Company's proprietary advertising platform, which focuses on performance based customer acquisition, will create a mutually reinforcing value proposition as the Company continues its aggressive growth strategy and continues to bring strategic offerings to its clients.

"We are very pleased with our performance this quarter and the overall growth for the first 3 quarters of 2007,” said Geoffrey Rotstein, chief executive officer of Cyberplex.  “Our increased investments in sales and marketing, the acquisition of Eidenai, and the momentum that we are experiencing in our advertising division, will pave the way for an exciting end to 2007 and into 2008.”

Forward-Looking Statements

This news release may contain forward-looking statements that are based on management’s current expectations and are subject to known and unknown uncertainties and risks, which could cause actual results to differ materially from those contemplated or implied by such forward-looking statements.  Cyberplex is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or otherwise.

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