1155 Rene-Levesque Boulevard West, Suite 2720
[LOGO OF MANARIS] Montreal, Quebec, H3B 2K8
T(514) 337-2447 // F(514) 337 0985
Manaris Announces Changes to its Board of Directors
MONTREAL, CANADA (January 18, 2006) - Manaris Corporation (OTCBB: MANS)
(FRANKFURT WKN: 255471) President and CEO, John Fraser, is pleased to announce
the appointment of Marc Bouchard to Manaris' Board of Directors.
Mr. Bouchard is Chairman of Toll Cross Securities Inc., an investment brokerage
firm based in Toronto. Previously, he was a senior officer at Bell Canada
Enterprises, Inc. responsible for various aspects of corporate development,
finance and operations. He has been the Chief Financial Officer and Chief
Operating Officer for a number of international companies in the
telecommunications and financial industries.
Marc Bouchard replaces Cherry Lim who has resigned due to increased
responsibilities related to her business activities in China.
Commenting on the board changes, Mr. Fraser stated, "I wish to thank Cherry for
her valuable insight and contributions to Manaris. While her departure will be
felt, I am confident that Marc will deepen our knowledge base and help
successfully guide the company through its current period of transition."
About Manaris Corporation
Through its wholly-owned subsidiaries, Manaris Corporation offers a
comprehensive suite of enterprise risk management services and solutions. C-Chip
Technologies (North America) specializes in the high-tech sector of the security
industry, with technology that allows business users to efficiently access,
control, manage and monitor remote assets at low costs. Avensys enables
businesses and corporations to monitor different types of environments,
including Air, Soil, Water as well as buildings and infrastructures. Chartrand
Laframboise Inc. provides corporations and institutions with security services
including corporate investigation, surveillance, electronic monitoring and
protection of personnel and premises.
FORWARD-LOOKING-STATEMENT: Except for factual statements made herein, the
information contained in this press release consists of forward-looking
statements that involve risks uncertainties, including the effect of changing
economic conditions, competition within the credit and security industry,
customer acceptance of products and other risks and uncertainties. Such forward
looking statements are not guarantees of performance, and Manaris Corporation
results could differ materially from those contained in such statements. These
forward-looking statements speak only as of the date of this release and Manaris
Corporation undertakes no obligation to publicly update any forward-looking
statements to reflect new information, events or circumstances after the date of
this release.
Contacts:
Mr. John Fraser President and CEO (514) 337-2447
Linda Farha
Zenergy Communications
(514) 273-4034
linda@zenergycom.com