Labrador Technologies Inc.
TSX VENTURE : LTX

Labrador Technologies Inc.

June 02, 2009 11:22 ET

Labrador Re-Establishes Healthcare Initiative

CALGARY, ALBERTA--(Marketwire - June 2, 2009) -

(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA)

Labrador Technologies Inc. (TSX VENTURE:LTX) ("Labrador" or "LTI") and Momentum Dietary Solutions ("Momentum Dietary Solutions") have reached a partner agreement to employ the Labrador® Tools in Momentum Dietary's Suite of Applications, which will enable powerful querying capabilities across the SQL databases comprising Momentum's Dietary Management Application.

President of Momentum Dietary Solutions, Garth Smith said, "We could continue down the path of building queries and management reports one-at-a-time, or we could work with LTI to deploy a proven and flexible solution into our extensive dietary management applications - we chose the latter, as I have history with the Labrador Tools. I am well aware of the power of the LABengine and know that LTI's Tools will provide us with significant cost and time savings. I am very excited about the possibilities of bringing a joint solution with LTI to our established market and clients in the near future."

"Although our primary focus will continue to be eTriever's substantial Oil & Gas opportunities, we have always viewed the Healthcare marketplace as a key area of growth and opportunity for LTI. The sheer number of transactions and databases in all areas of Healthcare are well-suited for our Labrador® Tools' querying capabilities; and entering into an agreement with a respected company in the Long-Term Care arena is the best way for us to restart this initiative. Very importantly, selling into an existing customer base creates near-term revenue opportunities for both partners," said Ron Sterne, LTI's CEO.

Momentum Dietary Solutions is an established North American Leader in the provision of Dietary Management software and services to the long-term care industry. With over 90 clients, and more than 700 sites deployed across the US and Canada, Momentum Dietary is a market leader poised for expanded growth. Please visit www.momentumdietary.com.

To learn more about eTriever™, please visit www.eTriever.com.

Labrador (www.labradortechnologies.com) trades on the TSX Venture under the symbol "LTX."

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

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