Real Time Measurements Inc.

Real Time Measurements Inc.

April 12, 2007 10:57 ET

Real Time Announces Private Placement

CALGARY, ALBERTA--(CCNMatthews - April 12, 2007) - Real Time Measurements Inc. (TSX VENTURE:RTY) ("RTM") Mr. Terry Matthews, President of RTM, announces a non brokered private placement consisting of up to 4,000,000 common shares at an issue price of $0.05 per share for total proceeds of $200,000. The private placement is subject to TSX Venture approval and the common shares will be subject to a four month hold period.

Net proceeds of the share sale will be used for general working capital to support ongoing operations and potential growth opportunities. RTY will pay a finders fee consisting of 7-1/2% of proceeds raised in cash, plus 10% of shares sold in finders warrants exercisable at $0.10 per common share within 12 months of issuance.

Pursuant to RTM's commitment to offering customers premium quality products and services, RTM is also pleased to announce it has entered into an agreement with globally recognized International Management Systems Marketing Inc. and Quality Assurance Systems to pursue the development and implementation of the appropriate and required Quality Management System in order to qualify for ISO 9000:2000 certification.

About Real Time Measurements

Real Time Measurements is a Canadian oil and gas technology development company that designs, builds and sells equipment and provides services to oil and gas companies in Canada and North Africa. The company uses innovative applications of recent technological developments to solve selected oil and gas upstream measurement problems in more efficient ways. The Company's primary business activity revolves around the commercial development of premium quality sensor-to-desktop data gathering systems which are used primarily in oil and gas wells.

Further information can be viewed on the company web site at:

The TSX Venture Exchange has not reviewed this release and it does not accept responsibility for its adequacy or accuracy.

Contact Information

  • Real Time Measurements Inc.
    Terry Matthews
    President, CEO, Director
    (403) 720-3444
    Real Time Measurements Inc.
    4500 50th Avenue SE Calgary AB T2P 3R4