SilverBirch Inc.

SilverBirch Inc.

January 08, 2007 19:19 ET

SilverBirch Managers Choose Shares Over Cash

TORONTO, ONTARIO--(CCNMatthews - Jan. 8, 2007) - The Board of SilverBirch Inc. (TSX VENTURE:SVB) announces that it has entered into agreements with several of its senior and middle managers to exchange current debt for common shares of the Company. It is anticipated that this conversion will extinguish $106,793 of current debt in exchange for 1,067,930 common shares of the company, priced at $0.10 per share. Following conversion the company will have a total of 39,210,292 common shares outstanding, subject to the exercise by option and warrant holders of current outstanding options and warrants. The debt to equity conversion will not result in any change of control or creation of new insiders. The TSX Venture Exchange must approve the conversion. Subject to this approval the new common shares will have a four-month hold period and will be restricted from sale until that period has passed.

The Board of Directors of SilverBirch Inc. wishes to thank our employees for this significant vote of confidence in the company.

About SilverBirch Inc.

Toronto-based SilverBirch Inc., operates SilverBirch Studios, a publisher, distributor and developer of wireless and mobile console games and SilverBirch Mobile, a mobile marketing and wireless entertainment content and application developer and distributor. SilverBirch's content portfolio is comprised of both original and licensed intellectual properties. For more information please visit

Forward-Looking Statements - Certain information set forth in this news release, including management's assessment of future plans, contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond management's control, including the impact of general economic conditions, industry conditions, and currency fluctuations. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the content of this news release.

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