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PRESS RELEASE:

CMJ Capital Inc. Announces its Qualifying Transaction Acquisition of Power Tech Corporation Inc.

Québec, October 14, 2004 – Capital CMJ Inc. (“CMJ”) (TSX Venture Exchange: CJM.P) is pleased to announce the August 24, 2004 signing of an agreement in principle to acquire all the issued and outstanding shares of Power Tech Corporation Inc. (Power Tech). CMJ anticipates that the acquisition of Power Tech will constitute its qualifying transaction (“Qualifying Transaction”) as per policy 2.4 of the TSX Venture Exchange Inc. (the “Exchange”).

Power Tech was incorporated on October 27, 2003 under Part 1A of the Companies Act (Québec). It specializes in developing, integrating and commercializing leading edge technologies allowing substantial performance, productivity and functionality improvements in excavation equipment and systems for the general construction industry and several other applications in the aluminum, mining, tunnel digging, forestry and military industries.

Power Tech acquired and owns an impact bucket technology (the Power Bucket) developed over the last 8 years. It consists of an excavation bucket incorporating an impact actuator assembly (hydraulic cell) including a bucket body, an impact actuator and a tool holder. The bucket is equipped with interchangeable specialized tools and accessories allowing the bucket’s maximum performance and functionality to perform all kinds of excavation and demolition work with a single attachment. In others words, one can assimilate the technology to a powerful motorized screwdriver with interchangeable tool bits. The product is now in its marketing phase. There are currently 4 demonstration units of the Power Bucket and 14 units in production.

In accordance with the agreement in principle signed August 24, 2004 , CMJ anticipates completing an exchange of all issued and outstanding shares with each Power Tech shareholder. The purchase price will be paid by the issuance of up to a maximum of 17,750,000 CMJ Common shares at a price of $ 0.40 per share for a maximum value of $ 7,100,000. The Qualifying Transaction is an operation between parties dealing at arm’s length.

In order to comply with the minimum listing requirements of the Exchange, Power Tech will complete a private financing of a minimum of $ 1,750,000 and a maximum of $ 2,000,000 between the signature of the agreement in principle and the realization of the Qualifying Transaction. The price of the units offered will be $ 0.40 per unit. The units shall be comprised of one Common share of Power Tech and one share purchase warrant. Each warrant entitles its holder to subscribe one Common share at a price of $ 0.60 for a period of twenty-four months from their issuance. Upon completion of the Qualifying Transaction, said units will be exchanged for units of the resulting issuer which shall be subject to the same conditions. The placement, with parties dealing at arm’s length, will serve, amongst other, to reimburse 10 convertible debentures issued by Power Tech of a total amount of $ 655,000 bearing interest at the rate of 8% per year, as more fully described hereunder. The balance will be used to develop and finance the marketing of the Power Bucket and support Power Tech’s working capital. Following this financing, there will be no emergence of a controlling shareholder.

CTI Capital Inc., subject to completion of satisfactory due diligence, has agreed to act as sponsor in connection with the transaction. An agreement to sponsor should not be construed as any assurance with respect to the merits of the transaction or the likelihood of completion.

CMJ’s Board of Directors has decided, in conjunction with the sponsor, that trading in the shares of CMJ will remain halted until completion of the Qualifying Transaction.

CMJ currently has 5,000,000 Common shares issued and outstanding. CMJ is not a party to any agreement requiring the issue of options, share purchase warrants or other securities convertible into shares, except for an option granted to CTI Capital Inc. entitling it to subscribe 400,000 Common shares of CMJ at a price of $ 0.25 up until January 26, 2006 .

The head office of Power Tech is located in Blainville, Québec.

Power Tech’s important assets, primarily its patents, are also situated in Blainville , Quebec .

Power Tech is a privately owned company. Mr. Carol Murray of Ottawa and Mr. Pierre Gagnon of St-Léonard are the Directors of Power Tech. Power Tech owns all of the issued and outstanding shares of Power Tech Canada Inc., a company managing the operation of Power Tech.

Power Tech is made up of 105 Class “A” shares, and 10 convertible debentures totaling $ 655,000 with an interest rate of 8% per year. The convertible debentures are numbered from 2004-001 to 2004-010 and were signed between March 15, 2004 and June 15, 2004 . The debentures are convertible into Power Tech Common shares. Said debentures shall be paid off upon completion of the Qualifying Transaction, at the latest, out of the proceeds of the private financing of a minimum of $  1,750,000 and a maximum of $ 2,000,000 to be completed in Power Tech. Power Tech is not a party to any other agreement requiring the issue of options, share purchase warrants or other securities convertible into shares.

Mr. Carol Murray from Ottawa , President and a director of Power Tech, holds 90 Class “A” shares (85.71%). Mr. Pierre Gagnon from St-Léonard, a director of Power Tech, holds 10 Class “A” shares (9.52 %) and 3786111 Canada Inc., with its head office in Ste-Julie (Québec), its sole shareholder and director being Mr. Michel Gagnon, holds 5 Class “A” shares (4.76 %).

According to its unaudited financial statements for the eleven (11) months ending August 31, 2004 , Power Tech has assets totaling $ 654,819, liabilities of $ 585,000 and shareholder’s equity of $ 69,814. Its total net loss is $ 186 and it has not generated any operating revenues.

According to its unaudited financial statements for the eleven (11) months ending August 31, 2004 , Power Tech Canada Inc. has assets totaling $ 274,762, liabilities totaling $ 645,641 and shareholder’s equity of ($ 370,879). Its total net loss is $ 370,879 and it has not generated any operating revenues.

According to its unaudited consolidated financial statements for the eleven (11) months ending August 31, 2004, Power Tech has assets totaling $ 375,256 and liabilities totaling $ 676 321 and shareholder’s equity of ($ 301,065). Its total net loss is $ 371,065 and it has not generated any operating revenues.

CMJ intends, with the approval of the Exchange, to extend to Power Tech a loan to a maximum amount of $ 250,000 guaranteed by first rank movable hypothec against all Power Tech assets as part of the Qualifying Transaction. The loan will be reimbursed upon demand and hold an annual interest rate of 8%. The loan will be advanced at least 15 days after the publication of this press release. Power Tech will use this loan to finance its continuing operations which are focused primarily on the commercialization efforts of its principal product.

The Directors of CMJ, after giving effect to the Qualifying Transaction shall be : Carol Murray, Dany Girard, Richard Hélie, Mario Jacob and André Gaumond.

After giving effect to the Qualifying Transaction, CMJ shall continue the business of Power Tech.

Mr. Carol Murray is President and Chief Executive Office of Power Tech. He holds a degree in Electrical Engineering (1987) and a Master of Science (1992) with a specialization in Project Management from the University of Quebec in Chicoutimi . He has been a member of “l’Ordre des ingénieurs du Québec” since 1987. Mr. Murray has more than 17 years of experience in different industries including aluminum, pulp and paper, construction, engineering and optical equipment. He was director at JDS Uniphase Corp. in the overseas operations group in 2002 and 2003 and directed the manufacturing technology group in 2000 and 2001. He was General Manager at Copernic Technologies (1999-2000) and Environair S.I.P.A. Inc. (1995-1999) after being their Director of Business Development for more than one year. Mr. Murray also spent almost 8 years of his engineering career (between 1988 and 1995) with “la Société des Technologies de l’Aluminium du Saguenay Limitée (STAS Ltée)” in Chicoutimi . He began his engineering career with Products JAC Inc. in 1987-1988.

Mr. Dany Girard has been the Managing Director of la Caisse Populaire Desjardins of Arvida since April 2000. He is a certified general accountant and has been a member of “l’Ordre des Comptables Généraux Acccrédités” of the Province of Quebec since August 1991. Mr. Dany Girard worked as public accountant and tax specialist at Samson Bélair Deloitte & Touche from September 1988 to December 1991. From December 1991 to April 1995, he acted as Director Current/Administrative for Caisse populaire of Port-Alfred. From February 1994 to May 1997, he worked as Director of Services to Members at Caisse populaire des Berges of La Baie. From May 1997 to March 2000, he was Managing Director of Caisse populaire of Kénogami.

Mr. Richard Hélie has been Vice-President to Sales of Telebec Ltd. since January 2003. From November 2001 to December 2002, he was Vice-President of Operations, and from November 2002 to November 2001, Vice-President of Sales at Telebec Ltd. Mr. Richard Hélie is an electrical engineer and has been a member of “l’Ordre des Ingénieurs du Québec” since December 1988. He also holds a Certificate in Commerce obtained in 1991 and a Masters Degree in Sciences with a specialization in Project Management obtained in 1995. From 1989 to 1990, Mr. Hélie worked at Donohue as project engineer. Since 1990, he has been working for Télébec Ltd., initially as Engineering General Director (1990-1995), then as Corporate Engineer (1995-1998) and President of Telebec Mobility (1998 to September 1999). He was the recipient of the Filon for development of the human resources and of quality of life in enterprise awarded by the Chamber of Commerce of Val-d’or in 1988 and of the distinction Client Orientation Large Enterprise at the “Gala des Mercuriades” in 1999.

Mr. Mario Jacob is President and Director of Maximus Capital Inc. He is Vice President and Director of LBJ Partenaires Inc., a private management corporation since October 2000. He is also Director and Corporate Secretary of Captial SLC Inc. (TSX Venture : SLC.P) and was Director and Corporate Secretary of Capital Pool Company (CPC) Les Investissements Rasa Inc. which became Groupe Fortune 1000 Inc. after its qualifying transaction. He is a lawyer and a member of the Barreau du Québec. He was an associate at Flynn, Rivard lawyers from January 1996 to October 2000. He has held the position of Corporate Secretary of Ressources Plexmar Inc. (TSX Venture : PLE) since January 2002 and was also Corporate Secretary of Lyrtech Inc. (TSX Venture : LYT) from August 2000 to June 2001.

Mr. André Gaumond is President, Chief Executive Officer and Director of Mine d’Or Virginia Inc. since June 3, 1996 . He is a geological engineer and has been a member of “l’Ordre des Ingénieurs of Québec” since 1985. From 1981 to 1987, Mr. André Gaumond worked as a consultant for various mining companies. Between 1987 and 1989, he worked as a mineral analyst for various brokers, such as Valeurs Mobilières Pemberton Inc., Saumier Morrisson & Associés Ltd. and Midland Walwyn Capital Inc. In 1989, he joined Groupe Corpomin Inc. as financial and technical counsel. In January 1993, he became director of Société Minière Vior Inc. Since February 1995, Mr. André Gaumond has been a member of the board of directors of Exploration Azimut Inc. He is also a member of the board of directors of SLC Capital Inc. since September 2003. Mr. Gaumond was President of l’Association des Prospecteurs du Québec for the year ending on September 30, 1996 and was named prospector of the year in the Province of Quebec during the year 1996-1997.

The Officers of CMJ, after giving effect to the Qualifying Transaction shall be: Carol Murray (President and Chief Executive Officer), Pierre Gagnon (Chief Operating Officer) and Matthew Blackmore (Chief Financial Officer).

Pierre Gagnon is Chief Operating Officer and Director of Power Tech since October 29, 2003 . Mr. Gagnon has a background in mechanical engineering and is a member of “L’Ordre des ingénieurs du Québec”. Between 2001 and 2003, he was Vice-President of Atara Corporation Inc., a corporation, specializing in the area of industrial systems of water treatment and shaftless screw conveyors. From 1998 to 2001, he was manager of industrial projects mainly oriented in the pulp and paper industry for Mesar/Environair Inc.. From 1996 to 1998, he was manager of technical services at RAD Technologies Inc., an enterprise which designs and manufactures equipment and accessories in the tractor industry. In 1995, he was engineer‑assembly plant and quality assurance for Cardotech International. Between 1992 and 1994, Mr. Gagnon was engineer partner for Conceptions Productique OPFAB, a consulting firm specialized in the design and performance of turn key projects for the optimization of industrial processes. Between 1988 and 1992, he was Vice-President of Biolix Inc. and between 1987 and 1989, Director-Development and New Construction for Pizza Royale. He was also Maritime Engineer Officer for the National Defense from 1984 to 1987.

Matthew Blackmore holds a Bachelors Degree in Economics, Finance & Accounting from Wilfrid Laurier University , obtained in 1996. He has also been a member of the Certified General Accountants Association of Ontario since 2002. In 2004, he obtained an MBA from Queen’s University. Mr. Blackmore is currently Chief Financial Officer of Power Tech and has been employed by Power Tech since April 2004. Between 2001 and 2004, he held the position of Financial Controller at the Westin Hotel of Ottawa. In 2000-2001, he was Financial Controller at Lasoo Incorporated located in Toronto . In 2000, he held the position of Director of Accounting for the Fairmont Miramar Hotel in Santa Monica , California . Between 1998 and 1999, he held the position of Financial Controller for Fairmont Glitter Bay & Fairmont Royal Pavilion in Barbados and between 1996 and 1998 he was Assistant Financial Controller for Fairmont Tremblant located in Mont-Tremblant, Québec.

The completion of the Qualifying Transaction is subject to a number of conditions, including the completion of a private financing of a minimum of $ 1,750,000 and approval by the Exchange. There can be no assurance that the Transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the filing statement to be prepared in connection with the Qualifying Transaction, any information released or received with respect to the Qualifying Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this press release.

For further information, please contact:

Dany Girard
President and director
CMJ Capital Inc.
Phone: (418) 653-9339
Fax: (418) 652-0688

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