Chrome Capital Inc.
TSX VENTURE : KRM.P

March 14, 2008 16:57 ET

Chrome Capital Inc. Announces the Proposed Qualifying Transaction With Cquay Technologies Corp. Will Not Proceed

CALGARY, ALBERTA--(Marketwire - March 14, 2008) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Chrome Capital Inc. (TSX VENTURE:KRM.P) ("Chrome" or the "Corporation"), a Capital Pool Company ("CPC"), announces that the proposed Qualifying Transaction to acquire all of the outstanding shares of Cquay Technologies Corp. ("Cquay") as announced August 10, 2007 will not be proceeding and the binding agreement dated July 31, 2007 is now terminated except for the promissory note issued from Cquay to Chrome for $50,000 which is now due and accruing interest at 10% per annum in accordance with the agreement.

Chrome's board of directors and management team is comprised of the following individuals: Gregory R. Harris (Calgary), President, CEO, CFO and director, Richard Boxer and Bernie Kraft, directors and Tonya Pizzey (Calgary) Corporate Secretary. Chrome has not identified another Qualifying Transaction at this time.

The halt of trading of Chrome's shares will be lifted after issuance of a TSXV Bulletin early next week.

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

Contact Information

  • Chrome Capital Inc.
    Gregory R. Harris
    President, Chief Executive Officer and
    Chief Financial Officer
    (403) 777-9222