October 08, 2015 16:30 ET

UGE Provides Correction to September 24, 2015 News Release

NEW YORK, NY--(Marketwired - Oct 8, 2015) - UGE International Ltd. (the "Company" or "UGE") ( (TSX VENTURE: UG) (OTCQB: UGEIF), announces a correction to its news release issued via StockWatch on September 24, 2015 entitled "UGE International Ltd. Announces Closing of Private Placement."

The news release should have read that the Offering closed a total of 160,454 Common Shares and 132,727 Warrants, for aggregate gross proceeds of $187,000.The original news release stated that the Offering closed a total of 166,454 Common Shares and 135,727 Warrants, for aggregate gross proceeds of $193,600.

All other details of the original news release remain in effect.

About UGE

UGE is a leading full service renewable energy provider for commercial and industrial clients, with over 2,000 installations in more than 100 countries. Leveraging project financing and its proprietary technology platform, UGE deploys solar and microgrid energy solutions to reduce energy costs and increase resiliency, while making the world more sustainable.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Statements made in this press release include forward-looking statements that involve a number of risks and uncertainties. These statements relate to future events or future performance and reflect management's current expectations and assumptions. 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, such as the economy generally, regulatory approvals, participation in the Offering, competition in UGE's target markets, the demand for UGE's products, and the availability of funding. These forward-looking statements are made as of the date hereof and UGE does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from UGE's expectations and projections.

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