CTXV CTX Virtual Technologies Inc (CE)

CTX Virtual Technologies, Inc. (PINKSHEETS: CTXV), announced the appointment of Mr. Jerome Feldman as Chairman of its Board of Directors commencing immediately. Mr. Feldman replaces Mr. David Cohen, who continues to serve as a member of the Board of Directors.

Mr. Feldman has a diversified background in law and finance. He graduated from Brooklyn Law School obtaining a JD Degree and a post-graduate law degree, an LLM, from New York University. Mr. Feldman then practiced law, particularly securities-related law, for over ten years at such firms and institutions as the American Stock Exchange, Paine Webber and as General Counsel to Drexel Firestone, the predecessor firm to Drexel Burnham. He then pursued a career of over 25 years in investment banking as both a banker and member of senior management for a variety of mid sized firms. During his service on Wall Street, Mr. Feldman was involved in raising over $200 million in a variety of public and private offerings.

For the past nine years, Mr. Feldman has been a principal of Capital Solutions Group, LLC, an asset based lending organization. His firm has been responsible for arranging loans in excess of $300 million to a diverse base of companies throughout the United States.

About CTX Virtual Technologies, Inc.

CTX Virtual Technologies, Inc. is engaged in the business of design and manufacturing of mobile data and telecommunication products with facilities in the U.S., China, Canada and Korea.

For further information, contact: Clifford Rhee CEO CTX Virtual Technologies, Inc. Tel: (561) 962-2835