Datinvest International Ltd.
NEX BOARD : DAI.H

December 29, 2008 20:34 ET

Datinvest International Ltd.: News Release

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 29, 2008) -

NOT FOR DISTRIBUTION TO THE U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

DATINVEST INTERNATIONAL LTD. (NEX:DAI.H) ("DAI" or the "Company") announced today that the Letter of Intent dated June 6, 2008 between DAI and Intuitive Exploration Inc. ("NTX"), pursuant to which DAI and NTX agreed that DAI would acquire all of the outstanding shares of NTX, terminated October 31, 2008 after which parties continued to renegotiate terms. Revised terms could not be agreed to and DAI board of directors has ceased to pursue a transaction with NTX. As part of the transaction DAI has paid a refundable deposit of $25,000 secured by a Promissory Note which it anticipates will be repaid.

In accordance with the rules of the NEX Board of the TSX Venture Exchange, resumption of trading in the common shares of DAI is subject to completion of a review of the Company by the Exchange.

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

Datinvest International Ltd.

Jason Birmingham, Director, President & Secretary

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

Contact Information

  • Datinvest International Ltd.
    Jason Birmingham
    President
    (604) 761-3203