California News Tech Announces Cancellation of Letter of Intent

SAN FRANCISCO, CA -- (MARKET WIRE) -- 10/14/2005 -- California News Tech ("CNTE") (OTC BB: CNTE) announced today that the letter of intent to acquire certain assets of Seymour I. Rubinstein was terminated by the parties. As stated, the letter expressed the intent only, and was not binding upon the parties. Accordingly, when both parties could not reach consensus it was agreed to end discussions. As a result, Mr. Rubinstein's position on the Board of Directors has been terminated.

Marian Munz , President and CEO of California News Tech, says that "While we were unable to reach a final deal, as part of our overall growth strategy California News Tech will continue to look toward other business opportunities to enable us to accelerate growth."

This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the shares of California News Tech in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under applicable securities laws, or absent the availability of an exemption from such registration or qualification requirements.

Contact:
California News Tech:
Marian Munz
877-370-7401
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