Eminence Capital I Inc.

March 28, 2007 16:20 ET

Eminence Capital I Inc.: Completes Capital Pool Company Initial Public Offering

TORONTO, ONTARIO--(CCNMatthews - March 28, 2007) - Jeffrey Dennis, Chairman of Eminence Capital I Inc. (the "Corporation") (TSX VENTURE:ECI.P), a capital pool company, announced today that the Corporation has completed its initial public offering by issuing 1,500,000 common shares at a price of $0.20 per share, for gross proceeds to the Corporation of $300,000.

The common shares of the Corporation are expected to commence trading on the TSX Venture Exchange shortly under the trading symbol of "ECI.P".

The net proceeds of the offering will be used by the Corporation to identify and evaluate assets or businesses for acquisition with a view to completing a "Qualifying Transaction" under the capital pool company program of the TSX Venture Exchange.

Raymond James Ltd. acted as agent for the offering. In connection with the offering, the agent received an aggregate commission equal to 10% of the aggregate gross proceeds of the sale of the common shares. In addition, the Corporation granted to the agent compensation warrants entitling the agent to purchase up to 150,000 common shares at a price of $0.20 per common share for a period of 24 months from the date the Corporation's shares are listed on the TSX Venture Exchange. The agent also received a corporate finance fee of $9,000.

2,250,000 of the previously issued and outstanding shares of the Corporation were placed in escrow in accordance with the policies of the TSX Venture Exchange. The shares are held by the Corporation's directors, officers and insiders and were issued at a price of $0.10 per share for an aggregate purchase price of $225,000. Upon completion of the offering, the Corporation granted a total of 375,000 options to its officers and directors. Each of the options is exercisable at a price of $0.20 per common share until March 28, 2012.

The directors and officers of the Corporation are Jeffrey Dennis, Chairman, Timothy Gallagher, President & CEO, Allan Grossman, Chief Financial Officer, David Woolford, Secretary, Stephen Kwok, Director, Sudhir Morar, Director, and Matey Nedkov, Director.

For additional information, please see the Prospectus of the Corporation dated February 28, 2007 or contact: Jeffrey Dennis at Tel: (416) 540-2596 or jmdennis@eminencecapital.ca.

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

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