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C.A. Bancorp Inc. Announces Investment in Digital Payment Technologies Corp.

C.A. Bancorp Inc. is pleased to announce a $3,000,000 investment and conditional commitment for an additional $3,000,000 in Digital Payment Technologies Corp. ("Digital"), a privately held company based in Vancouver, British Columbia.
dpt-logo.gifDigital is a leader in electronic parking systems, specializing in the design, manufacture, and distribution of multi-space pay station hardware, software, and online management solutions. Digital provides its customers with reliable, flexible, easy-to-use systems that increase revenues, lower costs and dramatically increase management control of parking assets.

Established in 1997, Digital has developed into one of North America's premier manufacturers of on- and off-street electronic parking systems. Digital has sold over 4,000 parking payment stations to private facility operators, institutions, universities and municipalities across North America. In addition, Digital has developed a proprietary web-based back office Enterprise Management System (EMS), which allows customers to manage their businesses more efficiently by reducing servicing and enforcement costs.

The proceeds of C.A. Bancorp's investment will provide Digital with the working capital to capitalize on Digital's backlog of new business and the market demand for new parking system installations while enhancing Digital's ability to meet customer delivery expectations.

"There is a significant market opportunity that Digital is well positioned to benefit from, as municipalities, universities and private operators look to maximize parking revenues and drive efficiencies throughout their entire parking operations. We are excited about the opportunities in front of Digital and its strong management team," said Mark MacDonald, Managing Director, Private Investments at C.A. Bancorp. "This growth capital investment will provide C.A. Bancorp with exposure to a market leading company in a high growth industry with substantial market demand. Digital's earnings profile includes revenues from new parking systems sales as well as recurring revenues from servicing and transaction fees on existing installed systems. We are confident that Digital's management team can execute on its business plan which should generate a strong return on our investment."

"Digital takes great satisfaction in completing this latest round of financing with C.A. Bancorp, particularly in today's volatile financial markets. We view this financing as a testament to the strength of our new partner C.A. Bancorp, our people, customers, suppliers, technology partners and investors, and our vision for the parking industry," said Andrew Scott, Chief Executive Officer of Digital. "C.A. Bancorp's investment will enable Digital to meet its short and long term strategic and tactical objectives including working capital for rapid sale growth, increased market development in North America and internationally, new product development and expansion of services and support for our customers."

The Investment

C.A. Bancorp has advanced $3,000,000 and it is expected that an additional $3,000,000, at C.A. Bancorp's discretion, will be advanced to finance Digital's growth.

C.A. Bancorp Inc.

C.A. Bancorp is a publicly traded Canadian merchant bank and alternative asset manager that provides investors with access to a range of private equity and other alternative asset class investment opportunities. C.A. Bancorp is focused on investments in small- and middle-capitalization public and private companies, with emphasis on the industrials, real estate, infrastructure and financial services sectors.

This news release contains forward-looking statements with respect to matters concerning the business, operations, and strategy of C.A. Bancorp and Digital. These statements relate to anticipated future events, results, circumstances, performance or expectations that are not historical facts but instead represent the C.A. Bancorp's beliefs regarding future events. Often, but not always, forward-looking statements can be identified by the use of forward-looking words such as "will", "expect", "intend", "plan", "estimate", "anticipate", "believe" or "continue", similar words or the negative thereof, or variations of such words and phrases that certain actions, events or anticipated outcomes "can", "may", "would", "should" or "might" be taken, occur or be achieved. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will occur. The future business, operations and performance of C.A. Bancorp discussed herein could differ materially from those expressed or implied by such statements including return on investment and whether C.A. Bancorp exercises its right to fund the $3,000,000 balance of the $6,000,000 investment. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Forward-looking statements are based on a number of assumptions which may prove to be incorrect. Additional, important factors that could cause actual results to differ materially from expectations include, among other things, Digital's performance and general economic and market factors. C.A. Bancorp cautions that risk factors discussed in applicable continuous disclosure filings required by law that C.A. Bancorp has made and filed on SEDAR including its MD&A and annual information form, should also be considered carefully and that undue reliance not be placed on forward-looking statements as events and results could differ materially from those expressed or implied by forward-looking statements made by C.A. Bancorp. The cautionary statements qualify all forward-looking statements attributable to C.A. Bancorp and persons acting on its behalf. Unless otherwise stated, all forward looking statements speak only as of the date of this news release. C.A. Bancorp does not undertake, and specifically disclaims, any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.

Contacts:

C.A. Bancorp Inc.
The Exchange Tower
130 King Street West
Suite 2810, P.O. Box 104
Toronto, Ontario M5X 1A4
Telephone: (416) 214-5985
Fax: (416) 861-8166

C.A. Bancorp Inc.Mark MacDonald
Managing Director
1-866-388-5985
(416) 861-8166 (FAX)

C.A. Bancorp Inc.Kurt Brands
Vice-President
1-866-388-5985
(416) 861-8166 (FAX)


Email: info@cabancorp.com
Website: www.cabancorp.com
Contact
Mark MacDonald
From
C.A. Bancorp Inc.
Website
www.cabancorp.com
Date

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