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

Revenue for the second quarter was $1.86 million with earnings before amortization and interest income of $55,000 and positive net income of $10,000.

Revenue was down from the $2.26 million generated in the previous quarter and lower than the $2.21 million recorded during the same period a year ago. Earnings before amortization and interest income of $55,000, was positive for the eleventh consecutive quarter, and was down from the $299,000 generated last quarter and from the $347,000 realized during the same period a year ago.

Gross margin for the quarter was 45%, down from the 50% realized in the previous quarter, and the Company's top five clients accounted for approximately 59% of total revenue, a decline in customer concentration from 70% last quarter. Revenue derived from clients in the United States accounted for approximately 36%. Cyberplex strengthened its balance sheet during the quarter by increasing its cash balance to over $5.13 million, and was successful in improving its DSO's to 74 days, from the 84 days calculated last quarter.

"Although revenue and profitability declined in the second quarter," said Dean Hopkins, Chief Executive Officer of Cyberplex, "our balance sheet remained strong. In addition, we remain committed to seeking out value creating acquisitions to complement and diversify our current revenue base."

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