SportsClick Inc.
TSX VENTURE : SCV

SportsClick Inc.

March 17, 2009 12:27 ET

SportsClick Inc. Announces Private Placement and Extension of Southprint Acquisition Closing

HALIFAX, NOVA SCOTIA--(Marketwire - March 17, 2009) - SportsClick Inc. ("SportsClick") (TSX VENTURE:SCV) is pleased to announce that, subject to the approval of the TSX Venture Exchange, it has arranged a non-brokered private placement of up to 6,666,666 common shares ("Shares") at a price of CDN$0.15 per Share.

A cash finder's fee of up to 10% will be payable in connection with the offering. SportsClick intends to utilize the net proceeds of the private placement for general working capital and administrative purposes.

SportsClick also announces that, pursuant to the terms of the letter of intent with Southprint Inc., announced January 20, 2009, SportsClick and Southprint have extended the closing date of the proposed transaction to March 31, 2009.

About SportsClick

SportsClick is a leading wholesaler of licensed, authentic sports merchandise and apparel across Canada. Its distribution network includes both independent and leading retailers including Ultramar and Petro-Canada convenience Stores, Husky Markets, Loblaws, London Drugs and Calgary Co-Op stores. The company is committed to expansion through strategic acquisitions of leading businesses in the specialty apparel and promotional merchandising sectors.

SportsClick is listed on the TSX Venture Exchange under the symbol "SCV".

This news release does not constitute an offer to sell or the solicitation of an offer to buy the securities, or a solicitation of proxies, in any jurisdiction, including but not limited to, the United States. The SportsClick Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold in the United States except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws.

Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates" and similar expressions, are forward-looking information that represents management of SportsClick's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of SportsClick. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause SportsClick's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in SportsClick's filings with the Canadian securities authorities. Accordingly, holders of SportsClick shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. SportsClick disclaims any responsibility to update these forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information