Chalk Media Corp.
TSX VENTURE : CKM

Chalk Media Corp.

October 21, 2008 07:00 ET

Chalk Signs Software License Agreement With Major North American Municipality

TORONTO, ONTARIO--(Marketwire - Oct. 21, 2008) - Chalk Media Corp. (TSX VENTURE:CKM) today announced that it has signed a multi-year software licensing agreement with a leading North American municipality. The agreement includes the licensing of 1,500 of seats of Chalk's software platform, chalkboard™, and a comprehensive training program for the city's geographically dispersed employees.

"This deal represents a major win in the local government space with one of the fastest growing cities in North America", said Stewart Walchli, President & CEO, Chalk. "It is a referenceable marquee account for us in the government vertical, one of our target industries."

"From a financial perspective, this is one of our largest contracts to date," Mr. Walchli continued. "We believe that one of the reasons why we were selected as the successful vendor is for our mobile learning capabilities. We believe there is potential growth in this account, including Mobile chalkboard™ as well as additional seats of our online software."

Forward Looking Statement

This press release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Generally, forward-looking statements can be identified by the use of forward- looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Chalk to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the speculative nature of the software industry, which is affected by numerous factors beyond Chalk's control; the existence of present and possible future government regulation; the significant and increasing competition that exists in the software industry; and risks associated with early stage companies such as Chalk, including uncertainty of revenues, markets and profitability and the need to raise additional funding.

Although Chalk has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Chalk does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws. Further information on Chalk Media Corp. is available at www.sedar.com.

About Chalk Media Corp.

Chalk's mobile content deployment system, Mobile chalkboard™, allows multimedia content to be created, securely pushed and tracked on BlackBerry® smartphones. Our software and content help organizations communicate with their employees, business partners and customers. Additional information is available at www.chalk.com.

The TSX Venture Exchange has not reviewed the contents of this release and is not responsible for its accuracy.

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