Streetlight Intelligence Inc.

Streetlight Intelligence Inc.

January 05, 2007 18:17 ET

Streetlight Intelligence Inc. Announces Closing of First Tranche of Private Placement

VICTORIA, BRITISH COLUMBIA--(CCNMatthews - Jan. 5, 2007) - Streetlight Intelligence Inc. (the "Corporation") (TSX VENTURE:SLQ) announced today that it has completed the first tranche of the private placement previously announced on November 20, 2006, of 392,307 common shares of the Corporation at a purchase price of $1.30 per common share for aggregate gross proceeds of $509,999.90. These shares are subject to a four (4) month hold period expiring on May 6, 2007.

The Corporation paid a cash commission of 7.5% of the gross proceeds in respect of the sale of the 392,307 common shares.

The Corporation is still accepting subscription agreements in regards to the remaining 607,693 common shares in respect of the previously announced private placement of common shares of the Corporation at a purchase price of $1.30 per common share.

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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