Fifty-Plus.Net International Inc.
TSX VENTURE : FPN

Fifty-Plus.Net International Inc.

April 10, 2007 09:00 ET

FPN Announces $50,000 Non-Brokered Private Placement

TORONTO, ONTARIO--(CCNMatthews - April 10, 2007) - Fifty-Plus.net International Inc. (TSX VENTURE:FPN)(FPN) announces completion of a non-brokered private placement in the amount of $50,000 consisting of the sale of 500,000 Units at a price of $0.10 per Unit for gross proceeds of $50,000. Each Unit consisted of one common share and one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share of the Company at $0.15 for a period of two years from the date of closing. All securities issued in conjunction with the offering are subject to a four-month hold period, which expires on August 11, 2007. Proceeds of the financing will be used for general working capital purposes.

About Fifty-Plus.net International Inc.

Fifty-Plus.net International Inc. (FPN) operates as The 50Plus Group, Canada's leading provider of online content targeting the 50+ age group. Altogether, the 50Plus Group's portfolio of web sites and electronic newsletters delivers over 2 million page views per month. The key property is www.50plus.com, delivering a wide range of information, entertainment, community (forums, dating, blogs) and commerce together with four electronic newsletters - on health, money, travel, and lifestyle, each of which has over 120,000 opt-in subscribers.

The 50Plus Group also produces an electronic newsletter CARPAction Online and www.carp.ca the online home of CARP, Canada's Association for the Fifty-Plus. With 400,000 members, CARP is Canada's largest association for the 50+. In addition The 50Plus Group has just launched www.nomorewaiting.info, a web site focused on CARP's advocacy campaign "No More Waiting," which aims to influence government to improve health care performance.

The 50Plus Group has a strategic alliance with Decima Research, to develop original research on the 50+ market, its demographics, psychographics and purchasing behavior.

Contact Information

  • Fifty-Plus.Net International Inc.
    Eric L. Vengroff
    President
    (416) 363-7063 ext. 235
    Email: ericv@50plus.com