Labrador Technologies Inc.
TSX VENTURE : LTX

Labrador Technologies Inc.

May 04, 2007 15:07 ET

Labrador Technologies Inc. Announces Scheduled Release of Version 2.0 of eTriever™

CALGARY, ALBERTA--(CCNMatthews - May 4, 2007) - Labrador Technologies Inc. ("LTI" or "Labrador") (TSX VENTURE:LTX) is pleased to announce that the scheduled release of Version 2.0 of Labrador® eTriever™, will occur on May 14, 2007, the first day of Calgary's 2007 Convention for the Canadian Society of Petroleum Geologists (CSPG).

This release features a completely new User Interface, with a more robust "Search" capability, which clearly defines eTriever's road-map to future capabilities. With its focus on colourful, graphical representations, eTriever provides ground-breaking innovations in depicting critical well information at a glance. The goal of eTriever is to be the fastest and friendliest decision-making browser in the web-based environment.

The Company has also closed the second tranche of its previously-announced non-brokered private placement ("Private Placement") for between 222,222 and 1,666,667 units of Labrador ("Units") at a price of $0.45 per Unit. To date, LTI has raised in excess of $250,000 through subscriptions for 579,556 Units. Labrador intends to use the proceeds from this Private Placement as general working capital and for further development and marketing of its eTriever™ product.

About Labrador

Labrador Technologies Inc. is in its 27th year of creating Labrador "connections" between the data stores that companies invest in, and all of the places to send this data. LTI develops data retrieval, reporting, and exporting software, specializing in Data-Flow Management™ solutions, currently for the oil and gas industry.

Whether delivering data to a Labrador® application, a third party application, an enterprise service bus, or a portal, Labrador has the ability to retrieve and deliver data to the right place, at the right time. Labrador's DFM™ software and services help software vendors, data vendors, and company developers alike deliver data to their target audiences by "plugging" users in, and minimizing the need for costly, ongoing maintenance and intervention.

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








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