Open EC Technologies, Inc.

Open EC Technologies, Inc.

April 23, 2008 11:46 ET

Open EC Technologies, Inc. Enters into Investor Relations Agreements and Grants Stock Options

NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 23, 2008) - Open EC Technologies, Inc. (the "Company") (TSX VENTURE:OCE) (PINK SHEETS:OCEIF) announces that it has terminated the investor relations services of AGORACOM Investor Relations and has entered into two new agreements with S.D.N.L Financial Communications ("S.D.N.L.") located in Lachine, Quebec and Michael Rahtjen ("Rahtjen") located in Lighthouse Point, Florida.

S.D.N.L and Rahtjen will strive to increase investor awareness of Open EC by assisting in the development of a program for timely and effective communication. The program will include timely press releases, news letters and web reports setting out the Company's progress and performance. It will facilitate the exchange of information between the investment community and Company representatives, subject to regulatory rules and the Company's corporate disclosure policies, through the company's web site and other media platforms that will highlight developments within the Company.

The term of each agreement are to be reviewed after an initial quarter and monthly thereafter with automatic renewal for a period of 1 year. For their services S.D.N.L shall be paid $5,000 per month and Rahtjen $4,000 per month. In addition, each shall be granted options to acquire 200,000 shares of the Company at $0.18 per share.

Two of the Company's Independent Directors have each been granted options to acquire 10,000 shares of the Company at $0.18 per share.

About Open EC Technologies Inc.

Open EC Technologies Inc. ("OCE") is a TSX Venture Exchange listed holding company specializing in the acquisition of software companies in e-business, mobile business and business to business (b2b) commerce. Our subsidiaries, SoftCare EC Solutions Inc., , and Shenzhen Headware Software Systems Ltd., provide software solutions to customers throughout North America and Asia. With over 400 employees in the OpenEC Group of companies we deliver global innovative software solutions to mid market through fortune 100 companies.


Martyn A. Armstrong, President and CEO

Further information about the Company can be found on SEDAR ( or by contacting either, Mr. Martyn A. Armstrong, President & CEO of the Company or Mr. Michael (Gong) Chen, CFO of the Company.

Trading in the securities of Open EC should be considered speculative. The Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.

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 does not accept responsibility for the adequacy or accuracy of this release.

Contact Information