BoardSuite Corp.

BoardSuite Corp.

April 22, 2010 12:17 ET

BoardSuite® Corp. Retains Kingsdale Capital Markets Inc. for Go Public Transaction

TORONTO, ONTARIO--(Marketwire - April 22, 2010) - BoardSuite® Corp. (www.BoardSuiteCorp.com), a freemium on-demand board portal, announced today that it has entered into a sponsorship and financing agreement with Kingsdale Capital Markets Inc. ("Kingsdale") to facilitate a Go Public Transaction.

Kingsdale has been engaged by BoardSuite to complete equity financing, to source an appropriate Capital Pool Company for the planned RTO and advise on other aspects of the Go Public process. Kingsdale Capital is an internationally recognized firm delivering corporate finance and capital market solutions for corporations, shareholders and investors.

"BoardSuite's technology platform provides a single point of entry for mandated and trusted services that supports good corporate governance for board managed entities", said Cameron Prange, President, Kingsdale Capital Markets Inc. "We feel their strategy to consolidate the corporate and financial services market in North America for small and medium enterprises (SME) and not-for-profits (NPO) will bring great value to BoardSuite's clients and investors."

Proceeds from the Go Public Transaction or other financing will be used to acquire business services to be integrated into the flagship BoardSuite Portal.

"We retained Kingsdale for our Go Public Transaction based on their track record in high growth company opportunities", said Oscar A Jofre Jr. Founder, President and CEO of BoardSuite Corp. "Kingsdale realizes value in the freemium business model for a SaSS (Software as a Secure Service) play."

There is no assurance the BoardSuite will be able to successfully identify or complete a Go Public transaction.

About BoardSuite® Corp.

BoardSuite redefined the board portal for small and medium enterprises and not-for-profit organizations by providing a freemium SaSS-based solution to manage real-time access to corporate documents, collaboration tools and a Marketplace of business services.

The on-demand board portal empowers directors, officers and advisors to better manage risk, liability and compliance from a single point of entry within a secure, hosted application, resulting in effective and transparent corporate governance.

BoardSuite has received notable recognition within the online industry for its achievements. In July 2009, BoardSuite was selected as one of Canada's leading Web 2.0 pioneers by KPMG and Backbone magazine at the PICK20' Awards, the only national roundup of Canada's up and coming Web 2.0 pioneers who are leading the 2.0 evolution of the Web. And, in August 2009, BoardSuite was named by IDC as one of Canada's Top Cloud Computing Solutions To Watch calling it a disruptive innovation in the board portal industry.

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