Open EC Technologies, Inc.

Open EC Technologies, Inc.

April 24, 2008 12:52 ET

Open EC Technologies, Inc. Announces $225,000 Software Project With a Leading Canadian Financial Institution

NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 24, 2008) - Open EC Technologies, Inc. ("Open EC" or the "Company") (TSX VENTURE:OCE) (PINK SHEETS:OCEIF) is pleased to that announce it's subsidiary, SoftCare EC Solutions Inc., ("SoftCare") has signed a software development agreement, valued at $225,000, with Credit Union Central of British Columbia ("Central"). Under the agreement, Open EC will provide enhancements to Central's banking system. The development will be done jointly between Open EC's Canadian subsidiary, SoftCare and its China-based subsidiary Headware Shenzhen Software ("Headware"). The majority of the project is expected to be completed by the autumn, with production testing completed by the end of the year.

Martyn Armstrong, CEO of the Open EC Group state, "We are pleased to have the opportunity to work on this strategic upgrade of Central's banking system to the latest technology. Our joint development teams in Canada and China provide the highest quality solution, reduced development times with an attractive total cost on the project."

Mr. Jonah Zhao, Associate VP of Product Development, Central Credit Union of British Columbia stated; "Our technology and development needs are growing. Our long association with SoftCare and with many years of successful projects has built confidence levels high enough for us to trust this key system to the SoftCare and Headware development teams."

About Open EC Technologies Inc.

Open EC Technologies Inc. ("OCE") is a TSX Venture Exchange listed holding company specializing in the acquisition of software companies in e-business, mobile business and business to business (b2b) commerce. Our subsidiaries, SoftCare EC Solutions, , and Headware Shenzhen Software, provide software solutions to customers throughout North America and Asia. With over 400 employees in the OpenEC Group of companies we deliver global innovative software solutions to mid market through fortune 100 companies.


Martyn A. Armstrong, President and CEO

Further information about the Company can be found on SEDAR ( or by contacting either, Mr. Martyn A. Armstrong, President & CEO of the Company or Mr. Michael (Gong) Chen, CFO of the Company.

Trading in the securities of Open EC should be considered speculative. The Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.

This news release may contain forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information