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Message: NEWS - RepeatSeat Ltd. Announces Shares for Debt Settlement

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NEWS - RepeatSeat Ltd. Announces Shares for Debt Settlement

posted on Jul 08, 08 09:01AM

CALGARY, ALBERTA -- July 8, 2008 - RepeatSeat Ltd. (TSX VENTURE: RPS.V) ("RepeatSeat" or the "Corporation") announces that, subject to regulatory approval, it intends to proceed with a Shares for Debt transaction with the issuance of 343,071 Common Shares of the Corporation at a deemed price of $0.13 to settle outstanding debt in the amount of $44,599.23. The Common Shares issued are subject to a four-month hold period from the date of issuance.

The Shares for Debt settlement is to an Arm's Length Party and there will not be a new Control Person as a result of the issuance of the shares for debt.

The TSX Venture Exchange does not accept responsibility for the adequacy and accuracy of this release.

Contacts

Bob Christianson
RepeatSeat Ltd.
President and COO
(403) 716-2276
Email: bchristianson@repeatseat.com
Website: www.repeatseat.com