Edmonton, Alberta - CV Technologies Inc. (TSX-VEN:CVQ) announced today the closing of several private placements for gross proceeds to the corporation of $600,000. Pursuant to these private placements CVT will issue, pending exchange approval, 6,000,000 common shares at $0.10 per common share of the corporation, and 6,000,000 warrants. Each warrant entitles the holder thereof to purchase one additional Common Share of the corporation at the exercise price of $0.10 at any time prior to December 20, 2004. The Company paid a finders fee of $52,500 in relation to this private placement.
 
Mr. Kim Lucas stated that this equity investment is an endorsement of the Company's business strategy. It will help establish the COLD-FX(R) brand as a leading cold and flu prevention remedy. CV Technologies may continue to pursue further private placements in the future, market conditions permitting.
 
More information about CV Technologies, Inc. can be found at www.cvtechnologies.com and www.sedar.com
 
This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. For this purpose, any statements that are contained herein that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, the words "believes", "anticipates", "plans", "intends", "expects" and similar expressions are intended to identify forward-looking statements. Such risks and uncertainties include, but are not limited to, the need for capital, changing market conditions, completion of clinical trials, patient enrolment rates, uncertainty of pre-clinical, retrospective and early clinical trial results, the establishment of manufacturing processes and new corporate alliances, the timely development, regulatory approval and market acceptance of the Company's products, and other risks detailed from time to time in the Company's filings with Canadian securities authorities.
 
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CONTACTS:
Kim Lucas, M.B.A., CFP, President & CEO, CV Technologies, Inc., (780) 989-4475, kim@cvtechnologies.com