Streetlight Intelligence Inc.
TSX VENTURE : SLQ

Streetlight Intelligence Inc.

February 27, 2008 21:11 ET

Streetlight Intelligence Inc. Announces Corporate Update

VICTORIA, BRITISH COLUMBIA--(Marketwire - Feb. 27, 2008) - Streetlight Intelligence Inc. ("STI" or the "Corporation") (TSX VENTURE:SLQ) announces that further to its news release dated February 12, 2008, related to a proposed $5,000,000 equity offering, the Corporation has completed the initial issuance of 5,152,550 common shares of the Corporation for aggregate proceeds of $824,408. These common shares are subject to a four month hold period expiring on June 28, 2008. The Corporation paid a total commission of $14,868 in connection with the issuance of these common shares.

The Corporation is continuing to accept subscriptions under it's previously announced private placement of common shares having a subscription price of $0.16 per common share for aggregate proceeds of up to $5,000,000 and anticipates completing a further closing in respect of this private placement within the next few weeks.

In connection therewith, the Corporation is currently negotiating a possible strategic alliance with a large Canadian utility which contemplates, among other things, a significant equity investment in the Corporation under the previously announced private placement.

Streetlight Intelligence Inc. is a public company listed on the TSX Venture Exchange (trading symbol: SLQ). STI designs, manufactures and markets products and services for the street light industry. STI's proprietary Lumen IQ™ technology allows street lights to be remotely turned on/off or dimmed at specified times, which results in significant energy savings and reductions in greenhouse gas emissions and light pollution. The Lumen IQ™ network also immediately identifies malfunctioning street lights allowing substantial maintenance cost savings. For more information, access www.StreetlightIQ.com.

This News Release may contain certain forward-looking statements that involve substantial know and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond STI's control, including: the impact of general economic conditions in Canada and in countries in which STI and its subsidiaries currently do business, industry conditions, increased competition, the lack of available qualifies personnel or management, equipment failures, fluctuations in product prices and in foreign exchange or interest rates and stock market volatility. STI's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, of if any of them do so, what benefits STI will derive there from.

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

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