Cyberplex (ticker: CX, exchange: Toronto Stock Exchange) News Release - 04 - May - 2006

---

Cyberplex Announces First Quarter Financial Results for 2006 TORONTO, May 4, 2006 - Cyberplex Inc. (TSX : CX) today announced financial results for its first quarter ended March 31, 2006. Sales for the three month period ended March 31, 2006 were $1.21 million, down from the $1.39 million generated in the previous quarter and lower than the $2.26 million recorded during the same period a year ago. The loss before amortization and interest income for the quarter was $131,000 compared to a $346,000 operating loss generated in the previous quarter and the $298,000 of operating income generated during the same period a year earlier. The loss in the fourth quarter of 2005 included a one-time restructuring accrual and other various one-time related expenses. The net loss for the first quarter of 2006 was $150,000. Gross margin for the quarter was 44%, up from the 42% recorded in the previous quarter, and lower than the 50% recorded during the same period a year ago. The Company’s top five clients accounted for approximately 65% of the quarterly revenue with 52% of the revenue derived from clients in the United States. The company finished the quarter with cash and cash equivalents of $5.41 million compared to $5.28 million at December 31, 2005. Days sales outstanding improved to 46 days, down significantly from the 80 days noted at December 31, 2005. "The first quarter of 2006 was a rebuilding quarter for the Company.” said Geoffrey Rotstein chief executive officer of Cyberplex. “During the quarter, we focused on many different initiatives to help further define and grow our professional services practice, while at the same time actively pursued opportunities to differentiate our revenue stream. With a strong balance sheet – over $5.4 million in cash – and an experienced team, we will continue to search for value creating acquisitions in 2006.” About Cyberplex Cyberplex Inc. (www.cyberplex.com) is a specialized team of management and technology consultants who are dedicated to helping clients enhance, automate and manage technology solutions that improve business processes. With over 12 years of experience serving Fortune 1000 clients including Thomson, Atlantic Lottery Corporation, Advanced Micro Devices (AMD), Bank of Montreal (BMO), Scotiabank, SunTrust Banks and the Royal Bank of Canada, Cyberplex is frequently the firm of choice for business leaders looking for reliable solutions. Cyberplex serves clients across Canada and the US, and is headquartered in Toronto, Canada with offices in Arlington, Austin and Halifax. This news release may contain certain forward-looking statements that reflect the current views and/or expectations of Cyberplex Inc. with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly. Cyberplex disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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