• HSBC

Miranda announces executive appointments

Miranda Technologies Inc. (TSX: MT), a global developer, manufacturer and marketer of high-performance hardware and software for the television broadcast industry, announced today the appointments of Mr. Richard Brice as President, Asia, and Mr. Darin Crosby as Managing Director, Europe, Middle East, and Africa.

These appointments are effective June 1, 2006. Both appointees will report to Miranda's President and Chief Executive Officer, Mr. Strath Goodship.

Operating from Hong Kong, Mr. Brice will be responsible for all of Miranda's operations in the Asian market, where the company realized 12% of its sales last year. "We are determined to take full advantage of the growing opportunities that this market offers," said Mr. Goodship. "As our European Managing Director for the past five years, Richard has given considerable momentum to our European operations and I am confident that his experience and drive will help us grow our business in Asia," he added.

Richard Brice has been a member of Miranda's management team since April 2001, when the company acquired Oxtel plc (U.K.), where he was head of sales and marketing. Prior to that, Mr. Brice worked as an electronics engineer in the R&D departments of major international broadcast equipment firms.

Also, following Miranda's recent acquisition of VertigoXmedia, Mr. Darin Crosby, formerly President of VertigoXmedia's Broadcast Division, will take over Mr. Brice's responsibilities as Managing Director for Miranda's operations in Europe, Middle East, and Africa, as well as the development of Miranda's playout and graphics products. He will be based at Miranda's European headquarters in Wallingford, U.K. "Darin's extensive management and sales experience will help us continue to grow our European business and ensure that we maintain our leadership position in our playout and graphics product lines," commented Mr. Goodship. Prior to holding a senior position at VertigoXmedia, Darin Crosby had spent seven years at Miranda building the company's sales force in the Americas, as well as several years as worldwide sales manager for a major video products company.
 
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About Miranda
Miranda Technologies Inc. (TSX: MT) develops, manufactures, and markets high-performance hardware and software for the television broadcast industry. Its solutions are purchased by content creators, broadcasters, specialty channels and television service providers to enable and enhance the transition to a complex multi-channel digital and HDTV broadcast environment. This equipment allows customers to generate additional revenue while reducing costs through the more efficient distribution and management of content as well as the automation of previously manual processes.

Miranda employs over 400 people at its Montréal headquarters and in its offices located in Wallingford (U.K.), Paris (France), Tokyo (Japan), Hong Kong, Beijing (China) and Springfield (New Jersey). Miranda became a public company in December 2005 and is listed on the Toronto Stock Exchange.

Forward-looking Statements
This press release contains forward-looking statements reflecting Miranda's objectives, estimates, and expectations. Such statements may be marked by the use of verbs such as 'believe', 'anticipate', 'estimate', 'looking ahead' and 'expect' as well as the use of conditional or future tense. By their very nature, such statements involve risks and uncertainty.
Consequently, results could differ materially from the Company's expectations. For detailed information with respect to risk factors affecting Miranda's business, please refer to our annual information form under the heading "Risk Factors", which is available on SEDAR at www.sedar.com. The forward-looking statements contained in this press release represent our current expectations and, accordingly, are subject to change. However, we disclaim any intention and assume no obligation to update or revise any forward-looking statements, whether as a result of new information or events or otherwise.

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