Chrome Capital Inc.

November 29, 2007 13:12 ET

Chrome Capital Inc. Amends Proposed Qualifying Transaction With Cquay Technologies Corp.

CALGARY, ALBERTA--(Marketwire - Nov. 29, 2007) -


Chrome Capital Inc. (TSX VENTURE:KRM.P) ("Chrome"), a Capital Pool Company ("CPC"), announces that the agreement dated July 31, 2007 to acquire all of the outstanding shares of Cquay Technologies Corp. ("Cquay") as Chrome's Qualifying Transaction ("QT") and referred to in Chrome's news release dated August 10, 2007, has been amended by extending the closing date for the QT and the concurrent financing from November 30, 2007 to January 31, 2008.

The proposed concurrent financing has been amended to a maximum of $5,000,000, minimum of $2,000,000 and the due date of the loan from Chrome to Cquay has been extended to February 29, 2008. Chrome will be submitting a Filing Statement to the Exchange. The Closing of the QT is subject to Exchange approval. The Chrome shares will remain halted until closing of the QT .

Certain information set forth in this press release contains forward-looking statements. All statements other than historical facts contained herein are forward-looking statements, including without limitation, statements regarding the business of Cquay, which may become the business of Chrome. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Cquay and Chrome's control, including the impact of general economic conditions, industry conditions, governmental regulations, volatility of prices, currency fluctuations, competition from other industry participants, stock market volatility and ability to access sufficient capital from internal and external sources Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and as such, undue reliance should not be placed on forward-looking statements. Actual results, performance or achievement could differ materially from those expressed in or implied by, these forward-looking statements and accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits will be derived therefrom. Cquay and Chrome disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of Chrome or Cquay's securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to any U.S. Person unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

The TSX Venture Exchange has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved of the contents of this press release.

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