June 08, 2007 08:00 ET

Syscan Issues Option for Australian Subsidiary to Convert Debt

BRISBANE, QUEENSLAND, AUSTRALIA and MONTREAL, CANADA--(Marketwire - June 8, 2007) - Syscan International Inc. ("Syscan") (TSX VENTURE:SYA) today announced that its Australian subsidiary, Sunshine Technologies Pty Ltd. ("Sunshine"), has entered into an option agreement with Cutting Edge that allows it to convert Sunshine's debt of A$235,508.91 from an existing loan agreement into 901,550 Syscan shares at C$0.23 per share. Under the terms of the agreement the option can be converted any time after June 7, 2008 until the repayment of the loan. Cutting Edge was one of the shareholders of the Austin RFID Group.

About Syscan International Inc.

Syscan is a world class supply chain solution provider that delivers integrated real-time tracking and tracing systems that improve business efficiency through Radio Frequency Identification (RFID). Its standardized supply chain solutions include traceability, temperature monitoring and quality control methodologies for the food, pharmaceutical and military sectors. Shares of Syscan trade on the TSX Venture Exchange under the symbol SYA. There are approximately 47.4 million shares outstanding.

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Forward-looking statements: This news release may contain forward-looking statements that relate to future events or expectations of future performance. Forward-looking statements reflect management's current beliefs and are based on information presently available. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. The forward-looking statements are made as of the date hereof and Syscan does not assume any obligation to update or revise them to reflect new events or circumstances.

The TSX Venture Exchange has not reviewed this release and it does not accept responsibility for its adequacy or accuracy.

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