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NZ Technology Company Launches New Website

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New Zealand Technology Company Launches New Website

Phitek Systems Updates Website As Part Of Company’s Rapid Expansion

Auckland, 16 June 2005 – New Zealand’s Phitek Systems, a technology leader in advanced audio solutions, today launched a revitalized website as part of its rapid growth and expansion (www.phitek.com).

With new offices in Taiwan and Japan, in addition to Hong Kong and Shenzhen, China, Phitek is experiencing significant demand for its unique products particularly in Asia and the United States. Consequently, Phitek has also doubled its employee numbers in the last few months as its quickly grows its revenues streams.

Mark Donaldson, CEO and Managing Director for Phitek Systems says the new website will be a key portal for Phitek’s customers, suppliers and employees.

“Phitek’s new website provides updated links, product displays, major announcements, and an online investment centre to help deliver transparency to our key shareholders and others looking for information. The investors’ page also adds increased communication features and easy access for existing and new shareholders,” says Donaldson.

Donaldson says Phitek’s updated website also marks another chapter in the company’s success as it exceeds sales performance targets across all market sectors with new clients, including major airlines, adding to demand for the company’s technology solutions.

“The Phitek website will play an important part in positioning the company for the next stage in its growth, which may include, among other things, the raising of fresh capital in the near future.”

ENDS

About Phitek Systems

Phitek Systems Limited is a leader in the development of advanced analogue and digital signal processing technologies including its proprietary ANR™, V3D™ and LFX™ platforms. Phitek’s ANR™ avionics systems have been adopted by many of the world’s largest airlines including Malaysian Airlines, Emirates, Lufthansa, Singapore Airlines, Air New Zealand and Qantas. The Company’s headquarters are located in Auckland, New Zealand with sales and engineering offices located in Hong Kong, Taipei and Shenzen, PRC. For more information visit www.phitek.com.

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