Essex Angel Capital Inc.
TSX VENTURE : EXC.P

July 08, 2011 11:02 ET

Essex Angel Capital Inc. Announces Filing of Filing Statement

TORONTO, ONTARIO--(Marketwire - July 8, 2011) - Essex Angel Capital Inc. (TSX VENTURE:EXC.P) (the "Corporation") is pleased to announce that the TSX Venture Exchange (the "TSX-V") has accepted for filing its filing statement (the "Filing Statement") and has provided conditional approval of the Corporation's Qualifying Transaction (as such term is defined in policy 2.4 of the TSX-V). Further information regarding the Qualifying Transaction is available in the Filing Statement, which is now available on SEDAR at www.sedar.com. Closing of the Qualifying Transaction is expected to occur on Friday, July 15, 2011. The closing of the Qualifying Transaction remains subject to final approval from the TSX-V.

This press release contains certain forward-looking statements about the Corporation's future plans and intentions. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect Management's current beliefs and are based on information currently available to management as at the date hereof. Forward-looking statements included or incorporated by reference in this press release include statements with respect to closing of the Qualifying Transaction.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, the Corporation cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and the Corporation assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

Completion of the Qualifying Transaction is subject to a number of conditions, including but not limited to, TSX-V acceptance. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the Filing Statement, any information released or received with respect to the Qualifying Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

The TSX-V has in no way passed upon the merits of the proposed Qualifying Transaction and has neither approved nor disapproved the contents of this press release. Neither TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

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