Streetlight Intelligence Inc.
TSX VENTURE : SLQ

Streetlight Intelligence Inc.

April 22, 2008 15:42 ET

Streetlight Intelligence Inc. Announces Corporate Update

VICTORIA, BRITISH COLUMBIA--(Marketwire - April 22, 2008) - Streetlight Intelligence Inc. ("STI" or the "Corporation") (TSX VENTURE:SLQ) announces that at the annual and special meeting of shareholders of the Corporation held on April 21, 2008 (the "Meeting"), Vincent Krynski, the Chief Executive Officer of the Corporation, and Keith Wellon of Calgary, Alberta, were appointed to the board of directors of the Corporation (the "Board"), replacing former Board members, Donald A. Cleland and Douglas O. Vandekerkhove. The Corporation would like to thank Mr. Cleland and Mr. Vandekerkhove for their contributions to the Corporation during their tenure as Board members. Mr. Cleland will continue to act as President of the Corporation. The Corporation further announces that at the Meeting, the following persons were re-appointed to the Board: Martin A. Winstanley, G. Douglas Spencer, Lee S. Richardson and Michael J. Perkins.

The Corporation further announces the grant of options to purchase 1,130,000 common shares (the "Directors' and Officers' Options") to various directors and officers of the Corporation and options to purchase 366,000 common shares (the "Employees' and Consultants' Options") to employees and consultants of the Corporation. The stock options permit each individual to purchase common shares of the Corporation over a term of five (5) years at an exercise price of $0.33 per share, which equals the closing price of the common shares on the TSX Venture Exchange Inc. on April 21, 2008.

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.

Contact Information

  • Investor Relations:
    Streetlight Intelligence Inc.
    Vincent Krynski, CEO
    (403) 571-2412
    Email: vkrynski@streetlightIQ.com
    or
    Streetlight Intelligence Inc.
    19 - 6782 Veyaness Road
    Victoria, B.C. V8M 2C2
    (403) 571-2412
    Webmail: www.StreetlightIQ.com