Kolombo Technologies Ltd.

Kolombo Technologies Ltd.

May 02, 2008 16:19 ET

Kolombo Announces Extension of Warrants Term

MONTREAL, QUEBEC--(Marketwire - May 2, 2008) - Kolombo Technologies Ltd. ("Kolombo" or the "Corporation") (TSX VENTURE:KOL) is pleased to announce that, subject to the approval of the regulatory authorities having jurisdiction over the securities of the Corporation, Kolombo has agreed to extend the term of 2,579,000 share purchase warrants (the "Warrants"), each allowing their holder to purchase one additional common share of Kolombo at a price of $0.80 per share, to November 3, 2008. These outstanding Warrants were initially going to expire on May 3, 2008

About Kolombo (www.systemekolombo.com)

Kolombo was founded in Quebec City in 2000. Its common shares are listed on the TSX Venture Exchange (TSX VENTURE:KOL). The Corporation is focusing its activities on the research, technological development and commercialization of vehicle management, protection and anti-theft systems, in particular for heavy machinery, trailers and commercial merchandise.

Distribution of Kolombo's products is ensured by Detroit Diesel Allison Canada East, a major distributor of engines and transmissions for trucks and heavy machinery and a member of the Wheeltime network, which has 225 branches in North America (www.ddace.com). Installation of Kolombo's products is provided by Ajilon, a subsidiary of Adecco, a world leader in the communications and project management industry with 6,600 offices in 70 countries (www.ajiloncom.com).

Local or international land transport, industrial complexes and widespread work sites, all present security challenges for their managers. Kolombo's technological platform offers these various clienteles both reliability and flexibility with made-to-measure solutions for specific applications.

For further information on Kolombo Technologies Ltd, please consult the Corporation's website www.systemekolombo.com.

The TSX Venture Exchange does not approve nor accept responsibility for the adequacy or accuracy of this press release.

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