Piper Capital Inc.

Piper Capital Inc.

May 03, 2007 08:00 ET

Piper Capital Inc. Appoints First Canadian Capital for Investor Relations

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 3, 2007) - Piper Capital Inc. (TSX VENTURE:PCL) ("the Company" or "Piper") is pleased to announce that the Company has engaged First Canadian Capital Corp. ("FCC") for investor relations services. The Toronto-based firm is a full and comprehensive provider of investor relations and market awareness services, specializing in small-cap, resource companies. Effective May 2, 2007, FCC will be responsible for assisting management in strengthening the Company's profile and visibility within the investment community, particularly among portfolio managers, analysts, stock brokers and retail investors.

Terms of the agreement include a service fee of $3,000 per month and granting of 100,000 stock options, exercisable at $0.30 per share for a period of two years. Pursuant to TSX-V policy, the options will vest at the rate of 25% every three months commencing after the initial 3 month period. FCC has been retained for an initial twelve month term, subject to a mutual review after the first three months. The terms and conditions of this agreement are subject to regulatory approval.


David G. Tafel, President and Director

The statements made in this new release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

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