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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 16, 08 12:29PM

CALGARY, ALBERTA -- July 16, 2008 -- RepeatSeat Ltd. (TSX VENTURE:RPS; "RepeatSeat" or the "Corporation") announces that, subject to regulatory approval, it intends to proceed with a Shares for Debt transaction with the issuance of 1,000,000 Common Shares of the Corporation at a deemed price of $0.15 to settle outstanding debt in the amount of $150,000. 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.

Contact:

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

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