Streetlight Intelligence Inc.
TSX VENTURE : SLQ

Streetlight Intelligence Inc.

January 31, 2007 19:41 ET

Streetlight Intelligence Inc. Announces Closing of Second and Final Tranche of Private Placement

VICTORIA, BRITISH COLUMBIA--(CCNMatthews - Jan. 31, 2007) - Streetlight Intelligence Inc. (the "Corporation") (TSX VENTURE:SLQ) announced today that it has completed the second and final tranche of the private placement previously announced on November 20, 2006, of 57,691 common shares of the Corporation at a purchase price of $1.30 per common share for aggregate gross proceeds of $75,000. After closing the second and final tranche, the Corporation received total gross proceeds of $584,999.90 from the private placement. The common shares issued pursuant to the second and final tranche of the private placement are subject to a four month hold period expiring on June 1, 2007.

The Corporation paid a cash commission of 7.5% of the gross proceeds in respect of the sale of all of the 57,691 common shares.

The net proceeds from the private placement will be used for general working capital.

Streetlight Intelligence Inc. has developed proprietary technology which allows streetlights to be remotely programmed so they are turned on and off or dimmed at specific times delivering significant energy savings. This programmable capability is combined with functionality that reduces maintenance costs. The result is a complete solution that allows power utilities and municipalities to significantly reduce their electrical power consumption as well as their maintenance costs.

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

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