Streetlight Intelligence Inc.

Streetlight Intelligence Inc.

April 12, 2007 18:47 ET

Streetlight Intelligence Inc. Announces Increase in Private Placement

VICTORIA, BRITISH COLUMBIA--(CCNMatthews - April 12, 2007) - Streetlight Intelligence Inc. (the "Corporation") (TSX VENTURE:SLQ) announced today that due to an oversubscription in respect of its previously announced private placement of up to 2,500,000 common shares of the Corporation at a purchase price of $0.75 per common share, the Corporation is increasing the private placement up to 4,000,000 common shares of the Corporation. The Corporation has closed two tranches in connection with this private placement, as previously announced on February 21, 2007 and April 5, 2007, and has issued an aggregate of 2,033,665 Common Shares for aggregate gross proceeds of $1,525,250.

The Common Shares issuable pursuant to this private placement will be subject to a four (4) month hold period from the date of issuance.

The Corporation may pay a cash commission, not to exceed ten percent (10%) of the gross proceeds raised, to various finders.

With this increase, the Corporation is accepting subscription agreements in respect of a further 1,966,335 Common Shares under the private placement of up to 4,000,000 Common Shares 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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