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Currency Exchange International, Corp.
ComnetiX(TM) Inc Announces Closing of Financing
Published Apr 28 2005
4 min read

ComnetiX(TM) Inc Announces Closing of Financing

TORONTO, April 28 /CNW/ -- ComnetiX(TM) Inc (TSX: CXI), a leading
provider of biometric identification and authentication solutions, announced
that it closed its brokered private placement financing previously announced
on April 22, 2005. Under the financing, ComnetiX(TM) issued 1,901,300 units
(each a "Unit") priced at $2.50 per Unit.  Each Unit consisted of one common
share and one-half of one common share purchase warrant.  Each whole warrant
is exerciseable to acquire a further common share at $3.25 until April 28,
2006.  Insiders subscribed for 135,000 Units on the same terms as described
above.
Wellington West Capital Markets Inc., as lead agent and McFarlane Gordon
Inc., and including GMP Securities Ltd, (collectively the "Agents") were paid
a commission of $320,915.
A further insider subscribed directly with ComnetiX(TM) for 25,000 Units
on the same terms as described above.
The proceeds of the offering will be used to fund growth, for working
capital and for general corporate purposes.

About ComnetiX(TM) Inc
ComnetiX(TM) Inc provides secure identification and authentication
solutions to both the public and private sectors throughout North America.
ComnetiX offers multimode biometric identification solutions for use in areas
such as applicant screening, financial services, health care, transportation,
airlines and airports, casinos and gaming, and energy and utilities. Clients
include American Airlines, Lehman Brothers, New York City Health and Hospital
Corporation, New York State Division of Criminal Justice Services, Toronto
Police Services Board, Boston Police Department and the Royal Canadian Mounted
Police.  ComnetiX is also Canada's premier applicant fingerprinting services
company, facilitating tens of thousands of criminal background checks each
year through its chain of ten offices across Canada.  In addition, ComnetiX
has recently launched its first applicant fingerprinting services office in
the U.S., located in Sacramento, California.
The securities being offered have not, nor will be registered under the
United States Securities Act of 1933, as amended, and may not be offered or
sold within the United States or to, or for the account or benefit of, U.S.
persons absent U.S. registration or an applicable exemption from U.S.
registration requirements.  This release does not constitute an offer for sale
of securities in the United States.
Statements made in this news release that relate to future plans, events
or performances are forward-looking statements. Any statement in this release
containing words such as "believes," "plans," "expects" or "intends" and other
statements that are not historical facts are forward-looking, and these
statements involve risks and uncertainties and are based on current
expectations. Consequently, actual results could differ materially from the
expectations expressed in these forward-looking statements.

 For further information

 Investor Relations:
 Jesse Deal
 1-877-691-8087 (toll-free)
 investor.relations@ComnetiX.com

 Tim Zahavich
 ComnetiX Inc
 905-829-9988 ext 206
 investor.relations@ComnetiX.com