Real Time Measurements Inc.

Real Time Measurements Inc.

May 01, 2007 16:12 ET

Real Time Closes Private Placement

CALGARY, ALBERTA--(CCNMatthews - May 1, 2007) - Real Time Measurements Inc. (TSX VENTURE:RTY) ("RTM") Mr. Terry Matthews, President of RTM, announces that RTM has closed its previously announced 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 common shares will be subject to a four month hold period. In connection with the private placement, RTM paid $12,750 to arm's length finders and issued 127,500 finders warrants exercisable at $0.10 per common share and expiring within 12 months of issuance.

Net proceeds of the share sale will be used for general working capital to support ongoing operations and potential growth opportunities. 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.

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