Yaletown Capital Corp.

March 08, 2012 23:31 ET

Yaletown Capital Corp. Announces Appointment of New Director

RICHMOND, BRITISH COLUMBIA--(Marketwire - March 8, 2012) - Yaletown Capital Corp. (TSX VENTURE:YCC) ("Yaletown", the "Company") is pleased to announce the appointment of Mr. Neil Allen to the Company's Board of Directors.

Neil is an experienced IT Professional with an honours degree in Computing Science and 25 years related industry experience. A significant part of his career was spent in leadership roles with the Vancouver Stock Exchange (VSE), Burntsand and Peoples Trust. He has managed significant large scale complex information system projects through all phases of development including overseeing system design and implementation. Neil was educated in the UK and attended the University of Greenwich in London.

"We are looking forward to working with Neil on the Board and anticipate that we will benefit significantly from his expertise," said Douglas Kind, CEO and Chairman of the Board.

About Yaletown Capital Corporation and its wholly owned subsidiary, Freedom Bionics:

Yaletown Capital Corporation and its subsidiary, Freedom Bionics, specialise in the design of network-based safety, communications and cognitive assistance applications, products and services. Yaletown Capital Corporation is listed on the TSX-Venture Exchange under the symbol "YCC". Information on the Company's new products is available on www.justfamilynetwork.com.

Neither the 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.

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