Press Release

(Not for distribution to U.S. newswire services or for dissemination in the United States.)

Ottawa , Ontario – June 8 , 2007 – Espial Group Inc (“Espial”) (TSX – "ESP") announced today the completion of its initial public offering of 3,571,000 common shares at a price of $7.00 per share, for gross proceeds of approximately $25.0 million. GMP Securities L.P. and Genuity Capital Markets acted as co-lead underwriters for the offering.

Espial has also granted the underwriting syndicate an option to purchase up to 535,650 additional common shares also at a price of $7.00 per share. The option is exercisable, in whole or in part, within the next 30 days to cover over-allotments, if any, and for market stabilization purposes. If the option is exercised in full, gross proceeds of the initial public offering will be approximately $28.8 million.

Espial also announced that immediately following completion of the offering, James Meenan has been appointed to the board of directors of Espial. This corporate change had been previously anticipated as disclosed in Espial's IPO prospectus. Following a 30-year career with AT&T Corp. in the United States in various executive, financial and operating roles, Mr. Meenan successfully established AT&T's presence in Canada in 1995 as President and Chief Executive Officer and served in this capacity until 2000. Mr. Meenan has served on a number of corporate boards, including Rogers Wireless in Canada . Mr. Meenan ho ld s a Bachelor of Science in Business Administration from St. Mary's College in Minnesota and a Masters in Management Science from the Stevens Institute of Technology in New Jersey .

This press release is not an offer to sell or a solicitation of an o ffer to buy common shares, nor shall there be any sales of the common shares in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The common shares of Espial Group Inc. have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirement of such Act.

About Espial

Espial provides open, modular, customizable, and carrier-grade IPTV middleware and applications that are deployed with communications and entertainment service providers around the world. Espial's Evo® IPTV Service Platform, which can be purchased as separate components or as part of a pre-integrated client-server solution, includes Evo® Client, Evo® Server, Evo Future-Proof Framework™ (FPF), Evo SkinTones™ and applications such as Electronic Program Guide, Video on Demand, Interactive Content Portal, Games, and Evo Browser.

Forward looking statement

This press release contains statements that are forward-looking in nature. Statements preceded by the words believe, expect, anticipate, plan, intend, continue, estimate, may, will, and similar expressions are forward-looking statements. Forward-looking statements are based on Espial's beliefs and assumptions based on information available at the time the assumption was made. Forward-looking statements relate to, among other things, anticipated financial performance, business prospects, strategies, regulatory developments, new services, market forces, commitments and technological developments, relating to the Espial. By its nature, such forward-looking information is subject to various risks and uncertainties which could cause Espial's actual results and experience to differ materially from the anticipated results or other expectations expressed. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this document, and Espial undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise .

For further information, please contact:

Inquiries from financial press or analysts:
Bob Daly
Chief Financial Officer 
Espial Group Inc.
Email: bdaly@espial.com
Phone: 613-230-4770

or

Inquiries from industry press or analysts:

Brian Mahony

Vice President of Marketing

Espial Group Inc.

Email: bmahony@espial.com

Phone: 508-479-7254

The Toronto Stock Exchange has neither approved nor disapproved
the contents of this press release.

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES
OR FOR DISSEMINATION IN THE U.S.