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Lyrtech Announces the Acquisition of Innovator and $15.5 Million Financing Package


Quebec City, Canada (April 7, 2006). Lyrtech Inc. (TSX Venture Exchange: LYT), a worldwide leader in digital signal processing (DSP) technologies, is pleased to announce that it has entered, on April 5, 2006, into a letter of intent to acquire the business assets of Innovator Electronic Assembly, a Montreal-based company that provides advanced electronic manufacturing services. Completion of the transaction will be concurrent with and conditional upon the closing of a private placement financing of a minimum of $4.0 million and maximum of $6.5 million as well as the establishment of a new banking facility of approximately $9.5 million. Additionally, Lyrtech plans to issue a subordinated non convertible debenture of $2.0 million. Closing of the above transactions is expected to take place on or about April 13, 2006. Closing will be subject to the parties entering into a definitive acquisition agreement and to usual closing conditions including regulatory approvals.

About Lyrtech

About Innovator

For more information, contact:

Alain Landry, Chief Financial Officer, Lyrtech

T (418) 877-4644

F (418) 877-7710

F (418) 877-7710

F. (514) 419 7916

Source: Lyrtech