Open EC Technologies, Inc.
TSX VENTURE : OCE

Open EC Technologies, Inc.

January 24, 2006 18:48 ET

Open EC Technologies, Inc. Announces Reservation of Options

NORTH VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 24, 2006) - Open EC Technologies, Inc. (TSX VENTURE:OCE) ("Open EC" or the "Company") announces the following update to its Stock Option Plan.

In accordance with the Company's Stock Option Plan, approved at the last annual general meeting of the Company, the Company may reserve up to 10% of the issued and outstanding shares of the Company for issuance subject to approval by the TSX Venture Exchange (the "Exchange").

The Company has applied to reserve 1,600,000 options to be priced at $0.15 for future allocation.

About OpenEC Technologies Inc and its subsidiary SoftCare EC Solutions Inc.

Open EC is a TSX Venture Exchange listed holding company and its subsidiary, SoftCare EC Solutions Inc is an e-business software and solution provider. SoftCare's OpenEC® e-business software includes solutions for Electronic Data Interchange (EDI), Business Process Management and Data Synchronization. The Company sells the OpenEC® products and solutions to the retail supply chain in North America. Additional product and solution information is available on the web at www.softcare.com and additional public company information is available on the web at www.openec.com.

ON BEHALF OF THE BOARD,

(signed "Martyn A. Armstrong")

Martyn A. Armstrong

President & CEO

Further information about the Company can be found on SEDAR (www.sedar.com).

This news release may contain forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.


The TSX Venture Exchange has not in any way passed upon the merits of this news release.

Contact Information

  • Open EC Technologies, Inc.
    Mr. Martyn A. Armstrong
    President & CEO
    (604) 983-8083
    (604) 983-8056 (FAX)
    Email: investors@softcare.com
    or
    Open EC Technologies, Inc.
    Mr. John A. Versfelt
    CFO and Director
    (604) 983-8083
    Website: www.openec.com