Open EC Technologies, Inc.
OTC Bulletin Board : OCEIF

Open EC Technologies, Inc.

April 17, 2007 09:00 ET

Open EC Technologies, Inc. Initiates a New Investor Relations Program

NORTH VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 17, 2007) - Open EC Technologies, Inc. ("Open EC" or the "Company") (TSX VENTURE:OCE)(OTCBB:OCEIF). The Company announces that it has terminated the investor relations services of Sandman Media and has entered into an agreement with Valentis Capital Corp. ("Valentis") to assist in the development and implementation of an Investor Relations Program.

Based in Calgary, Alberta, Valentis provides media and investor relations services. The term of the contract with Valentis is for a period of two years, reviewable each quarter within the 2 year period after the first six months, at the option of the Company. Valentis shall be paid $5,000 US$ per month. The Company shall grant an option to Valentis to acquire up to 250,000 shares of the Company at $0.15 per share, pursuant to the terms and conditions of the Company's Stock Option Plan.

Valentis 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.

Open EC is a TSX Venture Exchange listed company. 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 Product Information Management (PIM). The Company sells the OpenEC® products and solutions to the retail supply chain, healthcare, financial services and government agencies in North America. Additional product and solution information is available on the web at and additional public company information is available on the web at The Company's common shares trade on the TSX Venture Exchange under the symbol: OCE.


Martyn A. Armstrong, President and CEO

Further information about the Company can be found on SEDAR (

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

  • Open EC Technologies, Inc.
    Mr. Martyn A. Armstrong
    President & CEO
    (604) 983-8083
    (604) 983-8056 (FAX)
    Open EC Technologies, Inc.
    Mr. John A. Versfelt
    CFO and Director
    (604) 983-8083
    (604) 983-8056 (FAX)