MONTREAL, May 2 /CNW Telbec/ - Miranda Technologies Inc. (TSX: MT), a global developer, manufacturer and marketer of high-performance hardware and software for the television broadcast industry, today confirmed that it has completed the acquisition of VertigoXmedia, inc., announced on April 22, 2006. VertigoXmedia is a MontrDeal-based manufacturer of high-end graphics automation software and systems. The transaction allows Miranda to add a powerful suite of software workflow and graphics capabilities to its existing, highly successful playout branding products. In addition, the VertigoXmedia graphics platform, a powerful solution for the automated presentation of live graphics, will provide Miranda with a new product range for production environments. VertigoXmedia is the first acquisition announced by Miranda Technologies since its Initial Public Offering (IPO), which was completed in December 2005. About Miranda Miranda Technologies Inc. (TSX: MT) develops, manufactures and markets high-performance hardware and software for the television broadcast industry. Its solutions are purchased by content creators, broadcasters, specialty channels and television service providers to enable and enhance the transition to a complex multi-channel digital and HDTV broadcast environment. This equipment allows customers to generate additional revenue while reducing costs through the more efficient distribution and management of content as well as the automation of previously manual processes. Miranda employs over 350 people at its MontrDeal headquarters and in its offices located in Wallingford (UK), Paris (France), Tokyo (Japan), Hong Kong, Beijing (China) and Springfield (New Jersey). Miranda became a public company on December 8, 2005 and is listed on the Toronto Stock Exchange. For more information, please visit www.miranda.com. About VertigoXmedia VertigoXmedia, inc. is an innovator in the field of graphics automation solutions for broadcast television, cable and digital signage. The company's patented products significantly streamline the graphics production workflow by offering the ability to automatically capture and control live data, create corresponding data-driven graphics, and deliver professional, real-time graphics to multiple output channels. VertigoXmedia also offers award-winning creative design, integration, and consulting services. VertigoXmedia's products and services have been used by many of the world's leading broadcasters, including CBS, CNBC, CNN, ESPN, FOX, NBC, Time Warner Cable, CBC/Radio-Canada, CTV, Global Television, and others around the world. For more information, please visit www.vertigoxmedia.com. Forward-Looking Statements This press release contains forward-looking statements reflecting Miranda's objectives, estimates and expectations. Such statements may be marked by the use of verbs such as 'believe', 'anticipate', 'estimate', 'looking ahead' and 'expect' as well as the use of conditional or future tense. By their very nature, such statements involve risks and uncertainty. For additional information with respect to risk factors affecting Miranda's business, please refer to Miranda's annual information form under the heading "Risk Factors", which is available on SEDAR at www.sedar.com. All trademarks mentioned herein are the property of their respective owners.