Jig-A-Loo World Inc.

March 07, 2007 09:32 ET

JIG-A-LOO World Inc. Completes $7.5 Million Equity Financing

MONTREAL, QUEBEC--(CCNMatthews - March 7, 2007) - Jig-A-Loo World Inc. ("Jig-A-Loo" or the "Company") a private, Canadian based producer of JIG-A-LOO, is pleased to announce the successful closing of its $7.5 million private placement financing led by Research Capital Corporation. The Company issued 8,334,000 common shares at a price of $0.90 per common share. Due to a strong demand, the amount of the offering was increased from an initial $5.0 million to $7.5 million.

"We are very pleased to have completed this round of financing. It will allow us to advance our growth strategy significantly and in particular, to accelerate our penetration into the United States market", said Mr. David Gilmour, Jig-A-Loo's President and CEO.

JIG-A-LOO is an all-purpose, high performance silicone based lubricant that unlike any other lubricant contains no oil, grease, wax or detergent; is colorless and does not stain or drip. JIG-A-LOO stops squeaks, un-sticks just about anything, protects against rust and is an ideal exceptional water-repellent. It is essential for hundreds of applications in the residential, commercial and industrial sectors. JIG-A-LOO is the all-around solution in a can.

JIG-A-LOO is ideal for wood, metal, most plastics, leather and also a number of other surfaces.

This release may contain forward-looking information and statements that are subject to risks and uncertainties. Such forward-looking information and statements are based on current expectations, estimates and projections and there can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties.

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