CPI announces acquisition of significant stake in Middle East Business Forum

The Middle East Business Forum ("MEBF")
CPI has agreed to make an investment of £400,000 (payable as to 40m shares of 1p) in return for a 20% stake of MEBF.

Based in London and established in December 2005, MEBF is a provider of focused networking and business forums in the United Arab Emirates, and organises events and conferences to promote business and trade both with, and in, the Middle East region. The MEBF's themed events cover a range of industries, from Islamic finance to oil & gas, insurance and real estate.

Reza Adil, CEO of the Middle East Business Forum was quoted as saying, "...this is a very exciting time for the Middle East Business Forum, a global correction in financial markets and market morality is taking place and the west looks in awe at the Middle East's ability to be recession-proof at such a strange time.

I hope that MEBF will continue to service the business networking needs of those wishing to interact with Islamic and Middle Eastern financial markets. We look forward to working with CPI and their partners to provide forums of excellence in the region."

The MEBF works regularly with governmental and regulatory bodies across the Middle East and Europe, including the World Bank, UK Trade & Investment, the Corporation of London and Qatar Central Bank. Most recently, in July 2008, it was responsible for the organisation and promotion of the Second International Takaful Summit, which was held in London and is a significant Islamic insurance industry gathering.

The Web TV Enterprise Limited ("Web TV Enterprise")

CPI has concurrently announced an investment of £200,000 in Web TV Enterprise, for a 13% stake in the business.

The investment represents the conclusion of the Company's previously announced plans to raise funds to acquire the entire issued share capital of Web TV Enterprise and results from a change in equity market conditions.

Launched in 2006, Web TV Enterprise is a leading online video advertising and technology specialist. The business manages all aspects of an online video advertising campaign and has developed its own advanced video technology platform.

The sophisticated platform supports the delivery and reporting of advertising campaigns and enables website owners to deliver Video on Demand ("VOD").

Web TV Enterprise has exclusive third party advertising deals with a network of over 70 web TV channels, including channels run by Universal Music, IPC Magazines and BBC Worldwide.

This network is capable of achieving over 13m monthly video views and offers TV advertisers the opportunity to reach internet users in a highly targeted and accountable format, across multiple channels, irrespective of the video platform and ad serving solution adopted by the channel owner.

Customers of Web TV Enterprise include blue chip advertisers such as Warner Bros, Vodafone, Apple and Coca-Cola. With online video advertising spend forecast to reach £500m in the UK alone by 2010 (source: eMarketer), this is a high growth market and the Company believes that Web TV Enterprise is well placed to build on its leading market position.

The company is delighted to announce a strategic partnership with His Highness, Sheikh Faisal Bin Khalid Mohammed Al Qassimi, a member of the ruling family of Sharjah in the United Arab Emirates. His Highness and his representatives will make introductions to, and develop new relationships for, the Company and both parties will exchange investment ideas.

Through this association the Company expects to identify a number of potential investment and business opportunities associated with the United Arab Emirates.

As part of this strategic partnership, His Highness Sheikh Faisal Bin Khalid Mohammed Al Qassimi will be granted 5,000,000 new shares in CPI, representing 5% of the enlarged issued share capital.

Commenting, Chairman of CPI, Christopher Stainforth, said, "We are delighted to have attracted such a high profile strategic partner and investor as His Highness, Sheikh Faisal Bin Khalid Mohammed Al Qassimi of Sharjah. We look forward to working closely with him and his representatives to identify suitable investment and business opportunities. I am also pleased to announce our planned investments. We believe that both businesses represent excellent growth opportunities in two diverse sectors."

CPI is listed on Plus markets UK and can be found using symbol CPIO.