RepeatSeat Ltd.
TSX VENTURE : RPS

RepeatSeat Ltd.

June 08, 2006 16:05 ET

RepeatSeat Announces Private Placement Closing

CALGARY, ALBERTA--(CCNMatthews - June 8, 2006) - RepeatSeat Ltd. (TSX VENTURE:RPS), announced today that the Corporation closed a non-brokered private placement ("Private Placement") of units ("Units"), subject to regulatory approval, which raised $1,980,310. The Corporation will issue 6,601,033 Units at $0.30 per Unit. Each Unit consists of one common share and one-half (1/2) of one share purchase warrant ("Warrant"). Each whole Warrant will entitle the holder thereof to purchase one additional common share for a price of $0.70 per share within twenty four (24) months of the closing date. The securities issued will be subject to a four month hold period.

The use of proceeds from the Placement will be for general working capital and marketing expansion activities.

About RepeatSeat Ltd.

RepeatSeat Ltd. is a leading global entertainment services company, offering private label ticketing in the United States, Canada and the Caribbean. The Company promotes its clients' brand instead of its own. RepeatSeat's innovative Ticket Relationship Management (TRMTM) 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 TSX Venture Exchange does not accept responsibility for the adequacy and accuracy of this release.

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