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For Immediate Release: May 18, 2004
Circuit World Corporation Announces Name Change to Firan Technology Group Corporation
New Name Aligns Company and Products in a Single Brand Name

Circuit World Corporation (Company) announced today that it has changed its corporate name to Firan Technology Group Corporation (FTG) and effective today will trade under its new ticker symbol, FTG, on the Toronto Stock Exchange.

The purpose of the name change is to create one clear name and brand that can be developed over time. Subsequent to the merger last summer, the Company was known by many different names to its stakeholders creating a great deal of confusion, stated Mr. Bradley C. Bourne, President and CEO. The name change will eliminate this confusion and allow FTG to invest in and nurture a brand that it owns and controls, added Mr. Bourne.

Along with the name change, the Company has adopted a new logo and visual identity, and has launched a new website, www.firantechnology.com. All future business activity will be undertaken with the new name.

ABOUT FIRAN TECHNOLOGY GROUP CORPORATION

Firan Technology Group Corporation has two operating divisions. FTG Circuits is a leading supplier of high reliability, high technology printed circuit boards. FTG Aerospace manufactures illuminated panels and keyboards for the civil and commercial aviation industries. All manufacturing operations are located in Scarborough, Ontario.

The Company's shares trade on the Toronto Stock Exchange under the symbol FTG.

This news release contains certain forward-looking statements that reflect the current views and/or expectations of FTG with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly.

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For further information please contact:

Bradley C. Bourne
President and CEO
Tel: (416) 299-4000 x314
Firan Technology Group Corporation
bradbourne@firantechnology.com

John Bartkiw
CFO
Tel: (416) 299-4000 x390
Firan Technology Group Corporation
johnbartkiw@firantechnology.com