GHJ Capital Inc.

December 22, 2008 15:14 ET

GHJ Capital Inc. Announces Proposed Qualifying Transaction

TORONTO, ONTARIO--(Marketwire - Dec. 22, 2008) - GHJ CAPITAL INC. (TSX VENTURE:GHJ.P)(the "Corporation"), a capital pool company, announced today that it has entered into a letter of intent concerning a proposed transaction (the "Transaction") between the Corporation and EM Technologies, Inc. ("EMT") which, if completed, will be the Corporation's qualifying transaction pursuant to the policies of the TSX Venture Exchange Inc. (the "Exchange").

EMT is a private company incorporated under the laws of Barbados with its registered office in Bridgetown, Barbados and customers in Brazil and the United States. EMT operates the xRM on-demand relationship management utility, a collection of specialized enabling technologies and best practices powering industry-specific software-as-a-service ("SaaS") relationship management applications, such as GrandesVendas, an application deployed with Brazilian users. Brazil has been a target market for EMT with customers in the financial, insurance, telecom, industrial and construction sectors. The Transaction will help EMT to expand into other jurisdictions.

The Corporation is working on finalizing a definitive agreement to acquire the outstanding shares of EMT and once it is finalized will issue a detailed press release regarding the Transaction which will satisfy the disclosure requirements of the Exchange. Trading in the common shares of the Corporation will remain halted pending the release of more fulsome disclosure regarding the Transaction and the satisfaction of the filing requirements of the Exchange.

Investors are cautioned that, except as disclosed in the management information circular, filing statement or prospectus to be prepared in connection with the Transaction, any information released or received with respect to the 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 Venture Exchange Inc. has in no way passed upon the merits of the Transaction and has neither approved nor disapproved the contents of this press release.

Contact Information

  • GHJ Capital Inc.
    Jeff Patterson
    Chief Executive Officer, Chief Financial Officer,
    Secretary and a Director,
    (416) 258-4446