Middle Kingdom Paradiso Corp.

March 26, 2008 10:21 ET

Middle Kingdom Paradiso Corp. Completes $300,000 Initial Public Offering

TORONTO, ONTARIO--(Marketwire - March 26, 2008) -


Middle Kingdom Paradiso Corp. (the "Company"), a capital pool company, is pleased to announce that it has completed its initial public offering ("Offering") of 3,000,000 common shares at a price of $0.10 per share for gross proceeds to the Company of $300,000. Canaccord Capital Corporation ("Canaccord") acted as agent for the Offering.

The Company's common shares have been conditionally approved for listing on the TSX Venture Exchange. The Company expects its common shares will commence trading next week under the symbol 'MKC.P'.

The net proceeds of the Offering will be used to identify and evaluate assets of businesses for acquisition with a view to completing a "Qualifying Transaction" under the Capital Pool Company program of the TSX Venture Exchange as disclosed in the Company's prospectus dated March 19, 2008.

At the closing of the Offering, the Company also granted stock options to its directors and officers to acquire an aggregate of 1,720,000 common shares at a price of $0.10 per share exercisable until March 26, 2013.

Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedar.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

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