Seriatim Ventures Inc.

August 11, 2008 11:06 ET

Seriatim Ventures Inc. Announces Termination of Letter of Intent to Acquire Mountain Power Inc.

CALGARY, ALBERTA--(Marketwire - Aug. 11, 2008) - Seriatim Ventures Inc. ("Seriatim" or the "Company") (TSX VENTURE:STV.P) announces that it has terminated its letter of intent respecting a proposed merger with Mountain Power Inc. ("MPI"), a privately-owned, Delta, B.C. based producer of large capacity lithium-ion battery management systems for high power and energy applications, in accordance with its terms. As a result of the termination of the agreement, Seriatim will seek the return of the $225,000 refundable advance provided to MPI in accordance with the agreement.

Seriatim will continue to seek potential asset or share transactions for the purposes of completing its Qualifying Transaction pursuant to Policy 2.3 of the TSX Venture Exchange.

The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this press release.

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