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  Arrow 3 Media Release 24 October 2005

ESTEC ANNOUNCES THE ISSUANCE OF DIRECTORS AND EMPLOYEE STOCK OPTIONS

Edmonton, AB - October 24, 2005. ESTec Systems Corp. (ESE: TSX Venture Exchange) is pleased to announce it has issued 300,000 incentive stock options to directors and employees of the company. The options have been issued in conformance with Toronto Venture Exchange regulations for stock options. The options are five year options with an exercise price of $0.10 per share.

The Stock Options are being offered as an incentive to employees to enhance the value of the company and to enlist a long term commitment to the company from key employees.

ESTec Systems Corp.'s Rolling Stock Option Plan has been accepted by the Toronto Venture Exchange on October 5, 2005. Both the Rolling Stock Option Plan and the 300,000 stock options granted to directors and employees are subject to shareholder approval at the company's Annual General Meeting on the 25th November 2005.

ESTec Systems Corp. is an Edmonton-based public company with two operating divisions: Allan R. Nelson Engineering (1997) Inc. and ESTec Security. Allan R. Nelson Engineering is a group of professional engineers and technologists who carry diverse skills and a variety of professional backgrounds. They are Canada's leading forensic engineering firm, serving domestic and foreign markets, in particular in the petrochemical, mining and drilling equipment industries, and also provide mechanical design engineering for their clients. ESTec Security is a cutting edge information security development and service company. It offers BS7790 / ISO 17799 / ISO 27001 implementation consulting and auditing services.

On behalf of the board,

Anthony B. Nelson
Director

 
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