[Grapevine Press Release]


Canada Payphone Corp. - GSI Technology USA Inc. Joint Venture to 
Boost Ad Revenue Joint Venture Estimated to Generate $500 Million 
			in Revenue Over 5 Years


Burnaby, BC - Canada Payphone Corporation is pleased to announce a joint
venture with GSI Technologies USA Inc. The deal integrates GSI's large,
state-of-the-art, interactive City Column and Nova Column video display
screens into Canada Payphone's AT&T Canada branded Grapevine Network
Terminals and Public Internet Kiosks allowing customers to advertise to
passing traffic. Advertising revenues from the venture are estimated to
reach $500 million over the first five years." There is tremendous revenue
potential from this type of advertising medium, and GSI is a world leader
in this technology," said Bruce Clark, President and CEO. "We are pleased
to be able to partner with such an innovator in the advertising industry.
This agreement reflects our commitment to providing our customers with
the most revolutionary and relevant products in the Internet age."

The Joint Venture will be launched nationally in malls operated by Cambridge
Shopping Centres and Ivanhoe Inc., two of Canada's largest retail property
managers.  GSI Technologies USA Inc. specializes in broadcasting solutions
for advertisers seeking to extend their reach into public spaces. Through
GSITV.com, GSI offers useful information, entertainment, and practical
interactive services to people in their everyday environment. A unique concept
with global potential, the network will be capable of reaching millions of 
people daily.

Canada Payphone Corporation is Canada's leading national competitive payphone
service provider,. The Company provides services from Victoria to Halifax 
installing state-of-the-art AT&T Canada branded payphones, Grapevine Network 
Terminals and Interactive Internet Kiosks.  Canada Payphone Corporation is
a public company traded on the CDNX under the symbol "CPY". For more
information, visit Canada Payphone's web site at www.canadapayphone.com.


For further information, contact:
Erik Bornman, Communications Officer
info@canadapayphone.com
1-800-287-9334
(604) 257-3350

[Works Cited]

http://www.canadapayphone.com/index2.html