Streetlight Intelligence Inc.

Streetlight Intelligence Inc.

February 21, 2007 21:24 ET

Streetlight Intelligence Inc. Announces Closing of First Tranche of Private Placement

VICTORIA, BRITISH COLUMBIA--(CCNMatthews - Feb. 21, 2007) - Streetlight Intelligence Inc. (the "Corporation") (TSX VENTURE:SLQ) announced today that it has completed the issuance of 1,094,999 common shares of the Corporation at a purchase price of $0.75 per common share for aggregate gross proceeds of $821,250, pursuant to the private placement previously announced on February 13, 2007. These shares are subject to a four (4) month hold period expiring on June 22, 2007.

The Corporation did not pay a commission or finder's fee in respect of the sale of the common shares.

The Corporation is still accepting subscription agreements in respect of a further 1,405,001 common shares under the previously announced private placement of common shares of the Corporation at a purchase price of $0.75 per common share.

The net proceeds from the private placement will be used for general working capital.

Streetlight Intelligence Inc. has developed proprietary technology which allows streetlights to be remotely programmed so they are turned on and off or dimmed at specific times delivering significant energy savings. This programmable capability is combined with functionality that reduces maintenance costs. The result is a complete solution that allows power utilities and municipalities to significantly reduce their electrical power consumption as well as their maintenance costs.

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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