Glenbriar Technologies (fka GBRT)

[RichieBoy]

From the CNQ PDF*

Glenbriar Reports 2005 Year End Results CALGARY, AB, January 5, 2006 — Glenbriar Technologies Inc. (CNQ:GBRT) today released its audited financial results for the year ended September 30, 2005: Glenbriar Technologies Inc. Year ended September 30 2005 2004 Revenue $4,886,338 $5,018,879 Total assets 4,241,798 4,078,265 EBITDA* 354,439 184,908 Earnings 150,135 18,875 Earnings per share $0.006 $0.001 Average Common Shares outstanding 25,789,928 25,789,928 *EBITDA = Earnings before interest, taxes, depreciation, depletion and amortization

Glenbriar arranged to allocate a portion of its line of credit to establishing a performance bond in connection with a potential contract, the outcome of which is not expected to be known until the third quarter. To facilitate this allocation and assist in maintaining working capital margining ratios, certain officers and directors advanced $160,000 to Glenbriar in December 2005. Glenbriar anticipates that all of these advances will be converted to common shares before the end of January 2006. This transaction is subsequent to the annual financial statements. **Additional private placements may take place in coming periods.**

About Glenbriar Glenbriar Technologies Inc. (CNQ:GBRT) provides leading edge business-driven technology. Glenbriar’s Peartree Software Inc. division develops Web-based software solutions for specific market verticals. Glenbriar adds post-carrier IP telephony, call centres and support services to deliver complete technology management solutions. Glenbriar has locations in Alberta, British Columbia and Ontario. See www.glenbriar.com for more details. The CNQ has not reviewed and does not accept responsibility for the adequacy and accuracy of this information. For further information call: Robert D. Matheson Robin M. Sundstrom Glenbriar Technologies Inc. Ciris Investor Relations [phone] x117 [phone] x223