• Clemex completes a Private Placement

    02/08/2008 12:00:00 AM Friday, August 01, 2008 - Clemex Technologies inc. (TSX Venture: CXG.A) announces today that it has completed a $420,000 Private Placement with individual investors and a French Business Partner. In connection with the Private Placement, the Company issued 2,100,000 common shares at $0.20 per share. Of this number, 475,000 were issued to the President and CEO, Clément Forget who thus maintains his position of 21.8% of the total outstanding shares of the Company.

    In connection with the Private Placement, the Company paid finder’s fees to Fortin Capital Inc., consisting of $28,550 in cash and the grant of 39,500 options to purchase 39,500 common shares at $0.20 per share for the next two years.

    All securities issued pursuant to this Private Placement are subject to a four month and one day hold period.

    The Company intends to use the proceeds of the Private Placement to pursue its current Business Plan and to initiate the development of new image analysis systems for applications in Hematology and Virtual Pathology.

    About Clemex Technologies, Inc.

    Clemex Technologies Inc. develops, manufactures and markets image analysis systems and software used by quality control and research microscopy laboratories. Clemex’s customer base spans the globe and encompasses prestigious Universities and Research Centers in many scientific domains, large and medium size manufacturing facilities in numerous industries including automotive, aerospace, raw materials manufacturing, pharmaceuticals, mining and other sectors.