RepeatSeat Ltd.
TSX VENTURE : RPS

RepeatSeat Ltd.

November 27, 2007 15:15 ET

RepeatSeat in Discussion With Lenders Respecting Technical Covenant Breach

CALGARY, ALBERTA--(Marketwire - Nov. 27, 2007) - RepeatSeat Ltd. ("RepeatSeat") (TSX VENTURE:RPS), a North American leader in providing entertainment solutions announces that it is in technical breach with certain of its covenants with respect to the debt financing convertible debenture arrangements entered into with Roynat Capital Inc. and Knight's Bridge Capital Corporation ("the Lenders"). The Corporation is currently in discussions with the Lenders regarding resolution of the breach.

About RepeatSeat:

RepeatSeat Ltd. is a leading interactive entertainment services company, offering private label ticketing and arcade gaming throughout North America. RepeatSeat's innovative Ticket Relationship Management (TRM™) solutions provide a proprietary portfolio of products to sporting and live event venues, tour and excursion companies, ski hills and the vast majority of Canada's movie theatres. All solutions feature full end-user data capture and management. For more information on RepeatSeat, visit www.repeatseat.com.

For RepeatSeat investor relations needs, investors are asked to visit the RepeatSeat Investor Relations website at www.agoracom.com/ir/repeatseat where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to rps@agoracom.com where they can also request their addition to the investor e-mail list to receive all future press releases and updates in real time.

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