Cyberplex Inc. (TSX : CX), one of North America's leading technology consulting firms, today announced financial results for the fourth quarter and the year ended December 31, 2004.

Fourth quarter revenue of $2.29 million was consistent with the revenue from the previous quarter, and was an increase of 6% over the $2.17 million recorded during the same period a year ago. Earnings before amortization and interest income, despite the rising Canadian dollar, were positive for the ninth consecutive quarter at $361,900. For the seventh consecutive quarter, the Company posted a positive net income of $305,600, or approximately $0.01 per share. Gross margin for the quarter of 52% was consistent with the previous quarter and the Company's historical results. The top five accounts in the quarter accounted for approximately 49% of revenue with 44% of the revenue coming from accounts located in the United States. The Company ended the year with over $5.2 million in cash.

Revenue increased on an annual basis for the first time in four years. Revenue for the year ended December 31, 2004 of $9.01 million was up over 15% from the $7.80 million recorded during 2003. Earnings before amortization and interest income of $1.56 million increased by over 7% from the $1.45 million generated a year earlier, and net income of $1.28 million, or $0.04 per share, was up approximately 15%, from the $1.12 million in net income realized a year earlier.

"2004 was a strong year for Cyberplex" said Dean Hopkins, President and CEO of Cyberplex. "We are excited about the opportunities that lie ahead and will continue to work towards growing the company both organically and through value creating acquisitions."

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