For Immediate Release.
May 19, 2005

CRITICALCONTROL ANNOUNCES CLOSING OF $4 MILLION BOUGHT DEAL FINANCING

NOT FOR DISSEMINATION INTO THE UNITED STATES OR TO UNITED STATES WIRE SERVICES

CriticalControl Solutions Corp., ("CriticalControl" or the "Company") (TSX Venture:  CCZ) is pleased to announce that it has closed the bought deal financing announced in the Company’s press release dated April 26, 2005. 

A total of 16,000,000 units (“Units”) of CriticalControl were issued at a price of $0.25 per Unit (the “Issue Price”).  Each Unit includes one common share of CriticalControl and one half of one share purchase warrant.  Each full share purchase warrant is exercisable into one common share of CriticalControl at an exercise price of $0.33 until May 19, 2007.  The common shares and share purchase warrants shall be subject to a hold period until September 20, 2005.

The bought deal financing was led by Canaccord Capital Corporation and included Dlouhy Merchant Group Inc.

Insider participation in the offering consisted of 2,200,000 Units ($550,000).

The proceeds of this offering will be used to execute the Company’s aggressive growth strategy.

The common shares and the share purchase warrants comprising the Units have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of such securities in any State in which such offer, solicitation or sale would be unlawful.

About CriticalControl:

CriticalControl is a technology company that builds, implements and manages critical business process solutions.  Our proprietary products are data management tools to operate the critical business operations of our government and energy sector clients.  In addition to our proprietary products, we implement large scale document and records management solutions using our strong domain expertise and in depth knowledge of our customer base.  Where critical processes require unconditional continuity, our clients look to us to manage and perform certain operational functions on a short term or long term, outsourced basis.  For more information, please visit www.criticalcontrol.com.

For further information, please contact:   

Mr. George Watson 
Chief Executive Officer  

or  

Mr. Alykhan Mamdani
President

(403) 705-7500  

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.