Prosys-Tech Corporation ("Prosys" or the "Corporation") (TSX VENTURE:POZ)
announces the first closing of the non brokered private placement previously
announced for a total subscription of CDN$625,000 with several individual
investors, for a subscription price of $0.10 per unit, subject to the approval
of the TSX Venture Exchange and of any other securities authority. Subscriptions
totalling approximately CDN$475,000 come from 3 insiders and directors of the
Corporation, Mr. Georges Hebert, Mr. Daniel Hebert and Mr. Kerrigan Turner. The
Corporation intends to complete a second closing to raise up to CDN$175,000 in
the next few days. The decision to make such a private placement stems from the
need for the Corporation to promote the development of its projects (CDMS /
PEAK) as well as to meet its short term financial obligations.


Each unit will consist of one common share of the Corporation and one common
share purchase warrant. Each warrant will entitle the holder thereof, during a
period of 24 months from the date of issuance of the warrant, to purchase one
common share at an exercise price of $0.12 per common share. Each common shares
issued will have a mandatory 4 months holding period.


Moreover, the Corporation announces that it will issue common shares in order to
settle a loan as well as interest and management fees related to said loan
contracted with the FIER CPVC-Montreal. Prosys will issue 4,257,643 common
shares at a price of $0.24 per share in settlement of an amount of
$1,021,834.48. This transaction is subject to the TSX Venture Exchange approval
and the approval of any other securities authority.


Resignation of Directors

Finally, the Corporation announces the resignations of Normand Duval as a
Director for personal reasons and of Pierre-Hubert Seguin as Corporate Secretary
and as a Director for reasons stemming from his professional activities.


About Prosys

Prosys is a distributor of information technology products having offices in
Montreal, Quebec and Ottawa. Prosys maintains its participation in CDMS Inc and
Peak Positioning Inc.. Through CDMS, Prosys also offers a wide range of
products, including a 24/7 multilingual technical service desk, network
operations and monitoring, managed services, IT consulting and a host of value
add hardware solutions. The Corporation currently holds 37% of Peak's issued
shares and has an option to increase its participation in Peak to 50.1%. The
investment in Peak is in the scope of the Corporation's steps to diversify the
global offer of services to its current customers and to improve Prosys'
positioning for the development of the SMB market. For more information
regarding CDMS and Peak, please visit www.cdmsfirst.com and
www.peakpositioning.com.


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