Graphjet Technology C.GTI

One of fastest growing, GTI ranked 13th/

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GLENBRIAR TECHNOLOGIES INC. Quick Quote: GTI 0.07 (Even) Glenbriar Named One of Canada's Fastest Growing Technology Companiesin 2004 Deloitte Canadian Technology Fast 50 Program 9/30/04 Calgary, AB September 30, 2004 FSC / Press Release Glenbriar Named One of Canada's Fastest Growing Technology Companiesin 2004 Deloitte Canadian Technology Fast 50 Program Calgary, Alberta CANADA, September 30, 2004 /FSC/ - Glenbriar Technologies Inc. (TSX - VX: GTI), has been named to Deloitte's prestigious Canadian Technology Fast 50 Program, a ranking of the 50 fastest growing technology companies in Canada. Rankings are based on percentage of growth in fiscal year revenues over five years, from 1999-2003. Glenbriar's CEO Robert Matheson credits customer focus and sticking to business fundamentals with Glenbriar's 1,496 percent revenue growth from 1999-2003. Mr. Matheson said, "The five years following 1999 marked the tech meltdown and its consequent slow recovery period. Many companies closed their doors or were simply absorbed into larger entities. By focusing on fundamentals, Glenbriar has grown and remained viable through the most difficult technology market in decades. This was achieved using about $500,000 in capital. One of our current challenges is to find innovative ways to raise additional capital to take us to the next level." Glenbriar's increase in information technology revenues of 1,496 percent from 1999 to 2003 resulted in a 13th ranking overall in the Canadian Technology Fast 50. The median increase in revenues among companies who made the Fast 50 for Canada was 816 percent. "To succeed during prosperous times is one thing; to succeed in adversity is much more challenging, and that's exactly what the Deloitte Canadian Technology Fast 50 winners have done," said Garry Foster, National Director, Technology, Media & Telecommunications, Deloitte. "We applaud Glenbriar Technologies Inc. for its tremendous accomplishments during economically challenging times and for being one of the elite Fast 50 companies in Canada." To qualify for the Technology Fast 50, companies must have had operating revenues of at least $75,000 CDN in 1999 and $5,000,000 in 2003, be controlled and headquartered in Canada, be a "technology company" defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues and/or devote a significant proportion of revenues to research and development of technology. Winners of the 19 regional Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies. For more information on the Fast 50 or Fast 500 programs visit www.fast50.ca or www.fast500.com. About GlenbriarGlenbriar Technologies Inc. (TSX-V:GTI) is an business technology solutions provider headquartered in Calgary, with locations in Alberta, British Columbia and Ontario. Glenbriar designs, implements and supports business workflow solutions for small and medium enterprises, including IT outsourcing and consulting services, IP telephony and call centre solutions. Glenbriar's Peartree Software Inc. division in Kitchener-Waterloo, Ontario, develops, markets and supports proprietary software suites to specific market verticals, such as recreational vehicle dealerships and automotive parts manufacturers. Peartree's enterprise resource planning (ERP) software modules are used by manufacturers and distributors, such as Magna Canada, Dana Canada and Delta Faucet. Peartree's software is certified and verified for EDI for GM, Ford, DaimlerChrysler, Honda, Toyota and 61 other EDI formats. See www.glenbriar.com and www.ptsoft.com for more details. About DeloitteDeloitte, Canada's leading professional services firm, provides audit, tax, financial advisory services and consulting through more than 6,100 people in more than 47 offices. Deloitte & Touche LLP, operates in Qu?bec as Samson B?lair/Deloitte & Touche s.e.n.c.r.l. The firm is dedicated to helping its clients and its people excel. Deloitte is the only professional services firm to be named to the Globe and Mail's Report on Business Magazine annual ranking of Canada's top employers for two consecutive years: 35 Best Companies to Work for in Canada in 2001 and 50 Best Companies to Work for in Canada in 2002. "Deloitte" refers to Deloitte & Touche LLP and affiliated entities. Deloitte is the Canadian member firm of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein (association), and, as such, neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the name "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. The services described herein are provided by the Canadian member firm and not by the Deloitte Touche Tohmatsu Verein. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. For further information call: Robert Matheson, Glenbriar Technologies Inc.Phone [phone] x117 Fax [phone] Maximum News Dissemination by Filing Services Canada Inc.Ph: [phone] Fx: [phone] www.usetdas.com © 2004 Stockgroup Media Inc. | Disclaimer GTI Releases Glenbriar Named One of Canada's Fastest Growing Technology Companiesin 2004 Deloitte Canadian Technology Fast 50 Program Glenbriar officers arrange private acquisition of shares Peartree Software Appoints Chief Technology Officer