Everest Ventures Corp.
TSX VENTURE : EVE.P

December 23, 2008 16:23 ET

Everest Ventures Corp.: Update on Annual and Special Meeting of Shareholders

CALGARY, ALBERTA--(Marketwire - Dec. 23, 2008) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE SERVICES.

Everest Ventures Corp. ("Everest") (TSX VENTURE:EVE.P) is pleased to announce that all matters put before its shareholders at the annual and special meeting of shareholders held today, as described in Everest's management information circular dated November 7, 2008, were approved by the Everest shareholders.

Trading in Everest Common Shares will remain halted until such time as may be determined by the TSX Venture Exchange.

Investors are cautioned that, except as disclosed in the filing statement dated November 26, 2008, prepared in connection with Everest's proposed Qualifying Transaction with hyperWALLET Systems Inc. (the "Proposed Qualifying Transaction") as previously announced by Everest, any information released or received with respect to the Proposed 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.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Completion of the Proposed Qualifying Transaction is still subject to a number of conditions, including but not limited to those described in the Filing Statement and final Exchange acceptance. There can be no assurance that the Proposed Qualifying Transaction will be completed as proposed or at all.

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

Contact Information

  • Everest Ventures Corp.
    Darcy Krogh, President, Chief Executive Officer
    and Chief Financial Officer
    (604) 669-4180
    (604) 331-1508 (FAX)
    Website: www.sedar.com