Real Time Measurements Inc.

Real Time Measurements Inc.

April 24, 2008 10:07 ET

Real Time Measurements Inc.: Private Placement of Convertible Debenture

CALGARY, ALBERTA--(Marketwire - April 24, 2008) - Real Time Measurements Inc. ("Real Time" or the "Corporation") (TSX VENTURE:RTY). Mr. Terry Matthews, President and CEO of Real Time announces that Real Time is proceeding with a non-brokered private placement of convertible debentures (unsecured) to raise gross proceeds of up to $700,000 from eligible investors. The debenture matures five years from the date of issue and is convertible, at the option of the holder, into common shares of Real Time at a price of $0.15. The holder shall have the right to convert all or any portion of outstanding indebtedness into common shares not less than 6 months from the date of the Debenture. Real Time may, at its option, anytime after three years have elapsed from the date of the Debenture, force the conversion of all or part of the outstanding or remaining indebtedness owed to the Debenture holder into common shares at the $0.15 per common share provided the 20 day weighted average price of the common shares trade at $0.30 or higher. The debenture will bear interest at the rate of 15 per cent per year, payable quarterly. Real Time may pay a cash finders fee of 10% of the proceeds raised to finders who assist with placing the offering.

The transaction is subject to customary TSX Venture Exchange approval and all underling securities will be subject to a statutory four month hold period.

The proceeds from the private placement will be used to for general working capital, international business expansion, shop equipment, raw material inventory.

About Real Time Measurements Inc.

Real Time is an independent Canadian oil and gas service company with its head office in Calgary Alberta. The company was founded in December 1995 to exploit opportunities arising from the creative application of recent technological developments to solving selected oil and gas upstream measurement problems in more efficient ways. Real Time's primary business activity revolves around the commercial development of premium quality sensor-to-desktop data gathering systems which are used primarily, although not exclusively, in oil and gas wells. The first commercial version of the technology is called Smart Drop Off ("SDO"). SDO provides customers with a secure internet based data port that links them to a high precision electronic pressure gauge downhole in a well. The SDO sensor-to-desktop system dramatically improves well test operational efficiency and quality. To the best of management's knowledge, at the present time, Real Time is the only company in world that offers a service like SDO. The company is now developing a new technology platform called DataTrak. DataTrak will support future Real Time products and services. DataTrak will also be the backbone of a much improved next-generation SDO.

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Forward-Looking Statements

This news release may contain certain forward-Looking Statements. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. However, we disclaim any intention and assume no obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise.

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

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