Evertz Technologies Limited Closes $67 Million Initial Public Offering

BURLINGTON, ONTARIO--(CCNMatthews - June 30, 2006) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FORDISSEMINATION IN THE UNITED STATES

Evertz Technologies Limited ("Evertz") (TSX:ET) announced todaythat the initial public offering and secondary offering of 6,572,440of its common shares at a price of $10.25 per share, has closed.Shares will commence trading today on the Toronto Stock Exchangeunder the symbol "ET".

The underwriting syndicate formed in connection with the offeringwas co-led by joint bookrunners BMO Capital Markets and RBC CapitalMarkets with Genuity Capital Markets and Raymond James Ltd. as co-managers.

The Corporation has granted to the underwriters an over-allotmentoption to purchase up to an additional 585,366 common sharesexercisable, in whole or part, for a period of 30 days from today'sdate.

Evertz designs, manufactures and markets video and audioinfrastructure equipment for the production, post-production,broadcast and internet protocol television ("IPTV") industry. Evertz'solutions are purchased by content creators, broadcasters, specialtychannels and television service providers to support theirincreasingly complex multi-channel digital and high definitiontelevision broadcast environments and by telecommunications companiesto roll-out IPTV.

This press release does not constitute an offer to sell or asolicitation of an offer to sell common shares of Evertz in theUnited States. These securities have not been and will not beregistered under the United States Securities Act of 1933, as amended(the ''U.S. Securities Act'') or any state securities laws and maynot be offered or sold in the United States except in compliance withthe registration requirements of the U.S. Securities Act andapplicable state securities laws or pursuant to an exemptiontherefrom.