PACEpartners Inc. Retains Investor Relations Firm and Settles Debt

CALGARY, ALBERTA--(Marketwired - April 29, 2013) -

NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

PACEpartners Inc. (TSX VENTURE:PIA) (PACEpartners) is pleased to announce that it has retained Stone Communications Services Limited (SCS) of Toronto, Ontario (the Agreement) to perform Investor Relations Services on behalf of PACEpartners.

SCS specializes in the execution of tailored, strategic communication programs for emerging companies and will introduce PACEpartners to SCS's network of brokers, analyst and portfolio managers. SCS is a wholly owned subsidiary of Stone Investment Group.

The Agreement has a term of one year, pursuant to which SCS will provide investor relations services to PACEpartners including the development of investor relations strategies relating to advertising programs and investor awareness and fostering broker and analyst interest in PACEpartners' activities.

Subject to the approval of the TSX Venture Exchange, as compensation for its services SCS will receive a retainer fee of $4,000 per month, reimbursement for related expenses and an aggregate of 300,000 options (the Options) to purchase common shares in the capital of PACEpartners pursuant to the terms of PACEpartners' stock option plan. 75,000 Options will vest every three months, with all Options having an exercise price of $0.25. Other than the Options, SCS has no interest, directly or indirectly, in PACEpartners or any right or intent to acquire such an interest.

Kevin Kuykendall, Chief Executive Officer of PACEpartners, stated "I am very pleased to be working with SCS as their knowledge of the investment industry will be invaluable in the next chapter of our company's evolution."

Shares for Debt

PACEpartners has agreed to settle debt in the aggregate of $84,769 (including accrued interest) owing to two insiders of PACEpartners by repaying half of the aggregate debt in cash and by issuing the two insiders an aggregate of 169,538 Class A Common Shares at a deemed price of $0.25 per share, which was the closing price of the Class A Common Shares on the TSX Venture Exchange on April 26, 2013. The transactions contemplated under the settlement agreements are subject to certain conditions including, but not limited to, the approval of the TSX Venture Exchange.

Cautionary Statements

This news release contains "forward-looking information" within the meaning of applicable securities laws relating to the business of PACEpartners. Readers are cautioned to not place undue reliance on forward-looking information. The use of any of the words "could", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on PACEpartners' current belief or assumptions as to the outcome and timing of such future events. Actual results and developments may differ materially from those contemplated by this forward-looking information due to, among other things, the inability of PACEpartners to obtain regulatory approvals, the success of the strategic communication programs and the success of the commercialization of the RAPID-B diagnostic system. The reader is cautioned not to place undue reliance on this forward-looking information.

The securities mentioned herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release does not constitute an offer to sell or the solicitation of any offer to buy these securities in any jurisdiction.