Repricing of Employee Options

RNS Number:7565Q
Cyberview Tech Inc
06 February 2007



Not for release, publication or distribution in, or into, the United States,
Canada, Australia, Japan, the Republic of Ireland or South Africa

6 February 2007

                           CYBERVIEW TECHNOLOGY, INC.
                         ("Cyberview" or "the Company")
                         RE-PRICING OF EMPLOYEE OPTIONS

Cyberview Technology, Inc. ("Cyberview" or "the Company"), a leading provider of
downloadable server-based systems to the gaming industry, today announces that
on 1st February 2007 the following options granted to employees over the
Company's common shares of US$0.001 each ("Common Shares"), were re-priced to
227.5 pence, being the closing mid-market price of the Common Shares on 1
February 2007. The re-pricing provides an incentive for employees across the
Company to achieve corporate objectives.


Grant date        Original   Vesting terms               Number of   Number of
                  exercise                               employees   options
                  price

18 October 2005   #5.75      25% on each of the          33          321,500
                             four anniversary dates
                             post grant*

31 March 2006     #3.00      25% on each of the          1           25,000
                             four anniversary dates
                             commencing 21
                             January 2007*

Between 30 June   US$5.00    For the majority, 25%       43          124,917
2003 and 1                   vest on each of the four
September 2004               anniversary dates of
                             the earlier of the
                             respective employee
                             option grant date or
                             date of joining the
                             Company**

*The vesting periods will be re-set. The options will vest in four equal
tranches on 1 February 2008, 2009, 2010 and 2011.

**Vesting periods to remain unchanged.

The expiry dates of the options will remain unchanged (expire 10 years from date
of original grant).

As a result of the re-pricing, under FRS 20 "Share-Based Payment", the Company
will recognise an incremental compensation expense expected to be #132,000 and
#4,600 on the options originally priced at #5.75 and #3.00 respectively. These
charges will match the vesting periods resulting in the charge being greatest in
the 2007 and 2008 financial years. The compensation expense on the options
originally priced at US$5.00 is expected to be #14,000 and will be recognised in
the 2007 financial year.

On 22 January 2007 275,000 options at an exercise price of #2.20 were awarded to
new employees. These options vest in equal tranches on the each of the four
anniversary dates post employee start date.

About Cyberview:

Cyberview is a leading provider of server-based downloadable gaming systems
underpinned by a strong Intellectual Property and patent portfolio. The strength
of the Company's system is its end-to-end security, flexibility, scalability,
reporting capabilities and audit trail. This innovative and flexible technology
allows customers to change the game offering on demand, thereby enabling the
operator to customise its offering in order to maximise revenue. It also aids
administration by providing detailed reports for operators, regulators and the
tax authorities. The Cyberview system is easily adapted to meet the needs of
various regulatory regimes enabling it to be deployed in most gaming markets and
countries across the world.

The Company's products include:
FOBTs (Fixed Odds Betting Terminals) supplied to UK bookmakers;
VLT (Video Lottery Terminals) to lotteries and other gaming operators;
Server-based downloadable gaming slot machines to the casino industry;
IBS (International Betting System) a collaboration with bookmakers which offers
the ability for operators to widen their offering for players betting on
sporting events in licensed premises.

                                    - Ends -

For further information, please contact:

Cyberview Technology, Inc.                         020 7761 3000
Mark Nanovich

Hogarth Partnership                                020 7357 9477
Fiona Noblet

Arbuthnot Securities                               020 7012 2000
Nick Marsh







                      This information is provided by RNS
            The company news service from the London Stock Exchange

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