Werklund Capital Corporation

CALGARY, ALBERTA--(Marketwire - July 7, 2011) - Further to disclosure requirements of applicable securities laws, Werklund Capital Corporation ("Werklund") announces that it has advanced funds to RS Technologies Inc. ("RS") pursuant to the terms of a $6,000,000 debenture (the "Debenture"), and pursuant to the terms of such Debenture, Werklund has the option to convert the debt outstanding into common shares ("Common Shares") in the capital of RS.

As of the date hereof, Werklund does not own any Common Shares in the capital of RS.

Pursuant to the terms of the Debenture, Werklund has the option to convert the Debenture into 18,181,818 Common Shares (if fully drawn), having a conversion price of $0.33 per share, which would represent approximately 50.1% of the outstanding Common Shares. In addition, the terms of the Debenture grant Werklund a top-up right to own not less than 50.1% of the issued and outstanding Common Shares in the event any Common Shares are issued by RS or upon the exercise of any other outstanding convertible securities into Common Shares.

Any Common Shares acquired by Werklund upon the conversion of the Debenture in accordance with its terms, would be for investment purposes. Werklund may in the future take such actions in respect of its holdings as it may deem appropriate in light of the circumstances then existing, including the purchase of additional Common Shares or other securities of RS through the terms of the Debenture, open market purchases or privately negotiated transactions, or the sale of all or a portion of its holdings in the open market or in privately negotiated transactions to one or more purchasers.

A copy of Werklund's related early warning report filled with the applicable securities commissions and further information may be obtained by contacting Michael McGee.