Catcher Holdings Announces New VAR Agreement With Simentra Ltd

LEESBURG, Va., Jan. 31 /PRNewswire-FirstCall/ -- Catcher Holdings, Inc., (OTC Bulletin Board: CTHH) today announced it has signed a Value Added Reseller (VAR) Agreement with Simentra, Ltd., adding to its list of leading companies interested in selling and distributing the CATCHER(TM) device to its customers.

Headquartered in Northern Ireland, Simentra is a specialist provider of professional and technical services for international government and business risk. They comprise a cross agency team of senior security specialists covering military, policing, maritime and first responder experience gained from decades of operations in Northern Ireland and international campaigns.

"We are extremely proud to have Simentra join our outstanding group of VARs which believe that the CATCHER(TM) device can fill their customers' critical needs," said Charles Sander, CEO of Catcher Holdings, Inc. "Because Catcher's sales strategy relies mainly on VARs, continuing to attract new resellers is critical to spreading awareness and demonstrating the capabilities of the CATCHER(TM) device, as well as identifying new applications for our product."

He continued, "By signing a VAR agreement with Simentra we continue to increase our presence overseas as well as in the United States. Simentra joins our other international VARs, Rapier Technologies of Australia and CryptoMetrics of Canada.

"We are beginning to make substantial progress in our sales efforts while building a backlog of orders for our CATCHER(TM) device. To date, we have over two dozen companies who have evaluated our device. This has lead to a backlog of purchase orders for over 600 units. Our first international VAR has signed an agreement projecting that they will sell 2,000 units in 2007 and 3,000 units in 2008. In addition to Simentra, to date, Catcher, Inc. has signed VAR agreements with the following companies: Engineering and Professional Services (EPS), L-3 Government Services, Inc., Alion Science and Technology, Inc., CGI, CryptoMetrics, Inc., ImageWare(TM), Sol Logic, StopWare, Inc. and Rapier Technologies, Pty.

"Catcher Holdings, Inc. has also provided evaluation units, sold units, or provided technical information to the following potential VARs: Vigil Systems of Australia, Westwood Computers, Computers Unlimited, Crossmatch, SpeechGear, ESRI, Lockheed Martin Advanced Testing Lab, BAE, Computech, International (CTI), Unisys, Blackbird Technologies, Abraxas, Transcrypt (part of EFJ and owner of 3eTI), Southwest Research Institute, Tactical Support Equipment, Global Allies Security Group, Booz Allen Hamilton, Risk Watch, Cisco Systems TCK Team, Raytheon, Visuascan (VSC) of Canada, Kolossal of Canada, RadioIP of Canada and Armor Holdings," said Charles Sander, CEO of Catcher Holdings, Inc.

About Catcher Holdings, Inc.

Catcher Holdings, Inc.'s wholly-owned subsidiary, Catcher, Inc., is the developer of the CATCHER(TM), a highly-portable, ruggedized, wireless communications and control device built to military specifications. Utilizing proprietary software and industry-leading technologies, the CATCHER(TM) device offers mission critical personnel integrated communications capabilities through platform incorporating voice, video, data, GPS and biometric capabilities. Photographs and detailed descriptions of the new CATCHER(TM) device are available on the Company's website at http://www.catcherinc.com.

About Simentra Ltd.

Simentra Ltd is a business acceleration company dedicated to providing a fast, low-risk and cost-effective route to Europe for early stage and venture capital backed high-growth technology firms. It offers a range of unique business accelerator services to provide rapid sales traction in Europe for USA-based technology companies. Simentra has developed a unique portfolio appraisal methodology that measures the development of early stage companies in an investment portfolio. It is a privately held company founded in November 2001. Simentra has offices in London (UK), Belfast (Northern Ireland), and San Jose (USA).

Special Note Regarding Forward-Looking Statements: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving known and unknown risks, delays, and uncertainties that may cause the Company's actual results or performance to differ materially from those expressed or implied by these forward-looking statements. These risks, delays, and uncertainties include, but are not limited to: the Company's ability to generate product sales and operating profits; the Company's ability to obtain sales prices at or near its MSRPs; vulnerability to technology obsolescence; competition by better capitalized companies; difficulty in managing growth; dependence on key personnel; and other risks which are discussed in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements.

    Linda Decker, VP - Investor Relations    Tom Gibson, VP - Media Relations
    Jeff Myhre, VP - Editorial               201.476.0322
    212.564.4700

    CATCHER HOLDINGS, INC.
    Charles Sander, President and CEO
    (800) 359-0709