LOX Lorex Technology

TORONTO, Oct. 25 /CNW/ - LOREX Technology Inc. ("LOREX" or the "Company") (NEX: LOX.H) is pleased to announce it has negotiated an amendment to the Company's senior debt credit facility with PNC (the "Facility"), increasing the availability from U.S. $10 million to $15 million effective immediately. Chairman and CEO, Reuben Klein stated "we are pleased with PNC as our lender and with how quickly we were able to close this amendment to improve our credit facility. It is another indication of confidence in our Company as we work to continue to grow and improve our financial strength. This upgraded facility allows for required investments to support the growth of our business and to capitalize on opportunities that may presentthemselves in the future". About LOREX Technology Inc.: LOREX Technology Inc. (`LOREX') (NEX:LOX.H) provides businesses and consumers with leading edge video surveillance security solutions and sells its products under the LOREX and Digimerge brands. The LOREX brand, which caters to both small business and consumer markets, is available in thousands of retail locations across North America. The Digimerge division distributes its products through major distributors in North America. Both brands concentrate on the sale of wired, wireless and IP security surveillance equipment including cameras, digital video recorders and all-in-one systems. LOREX subsidiaries include; LOREX Canada Inc., LOREX Corporation and Strategic Vista Corporation Limited, Hong Kong. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release. Cautionary Statement on Forward-Looking Information This news release contains certain statements that may be deemed "forward-looking statements". Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this press release relate to the Company's continued growth and financial strength and future investment opportunities. The forward-looking information reflects predictions and possibilities and does not in any way reflect a guarantee. Factors which could cause actual results to differ materially from current projections include, among other things: competitive conditions in which the Company participates; changes in consumer spending; general economic conditions and normal business uncertainty; customer preferences towards product offerings; the occurrence of a pandemic or other catastrophic event which could create shortages of labour, products or services required to operate the business profitably; fluctuations in foreign currency exchange rates; changes in the Company's relationships with its suppliers. The Company cautions that this is not an exhaustive list of factors that may affect the forward-looking information contained in this press release. Potential investors and readers are urged to give careful consideration to all of these factors in evaluating any forward-looking information and are cautioned not to place undue reliance on such information. The Company disclaims any obligation to update forward-looking information, except as may be required by law. LOREX Technology Inc. CONTACT: Eric MillerChief Financial OfficerLOREX Technology Inc.Phone: (905) 946-8589, extension 168eric.miller@lorexcorp.comwww.lorextechnology.com

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