RepeatSeat Ltd.
TSX VENTURE : RPS

RepeatSeat Ltd.

July 27, 2005 15:43 ET

RepeatSeat Announces Closing of Acquisition of Comptrol Systems Inc.

CALGARY, ALBERTA--(CCNMatthews - July 27, 2005) - RepeatSeat Ltd. ("RepeatSeat") (TSX VENTURE:RPS) is pleased to announce that, effective July 25, 2005, it completed its previously announced acquisition of Comptrol Systems Inc (CSI). The purchase price was satisfied by the payment of USD $332,340.10 in cash, 40,108 common shares of RepeatSeat and the issuance of convertible debentures of RepeatSeat in the aggregate principal amount of USD $251,701.

George Davidson, Chief Executive Officer and President of RepeatSeat commented that "Entry into this new vertical market is an exciting step forward for RepeatSeat. CSI's position as a dominant player in the ski hill lift ticketing marketplace provides further growth for RepeatSeat as an industry leading global entertainment services provider".

About RepeatSeat Ltd.

RepeatSeat Ltd. is a leading global entertainment services company, offering private label ticketing across North America. The Company promotes its clients' brand instead of its own. RepeatSeat's innovative Ticket Relationship Management (TRM)™ solutions provide turn-key point-of-sale, Internet and wireless applications to target markets including performing arts venues, movie theatres, sports venues, cruise ships, tourist attractions and conferences/trade shows. All solutions feature full end-user data capture and management, and one of the most comprehensive targeted permission e-mail programs available in the marketplace today. For more information on RepeatSeat, visit www.repeatseat.com.

The securities mentioned in this press release will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

On behalf of the Board of Directors of RepeatSeat Ltd.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this Press Release.

Contact Information

  • RepeatSeat Ltd.
    George Davidson
    Chief Executive Officer & President
    (403) 520-3560
    (403) 277-5601 (FAX)
    or
    RepeatSeat Ltd.
    Geoff Bury
    Chief Financial Officer
    (403) 520-3560
    (403) 277-5601 (FAX)
    Website: www.repeatseat.com