CALGARY, ALBERTA, Feb 20, 2008 -- RepeatSeat Ltd. ("RepeatSeat" or the "Company") (TSX VENTURE:RPS), a North American leader in providing entertainment solutions, announces closing of a non-brokered private placement on February 15, 2008 (the "Private Placement") of 2,960,000 units ("Units"), in the capital of the Company at a price of $0.25 per Unit for total gross proceeds of $740,000. Each Unit consists of one Common Share and one Common Share purchase warrant ("Warrant"), with each Warrant entitling the holder thereof to purchase one additional Common Share at a price of $0.40 within 24 months of issuance. All sales were made on a private placement basis pursuant to exemptions from the prospectus requirements of applicable securities laws. Proceeds from the Private Placement will be used for working capital, sales and marketing initiatives and general corporate purposes. Common Shares issued in connection with the Private Placement are subject to a four month regulatory hold period.
About RepeatSeat:
RepeatSeat Ltd. is a leading interactive entertainment services company, offering private label ticketing throughout North America. RepeatSeat's innovative Ticket Relationship Management (TRM(TM)) solutions provide a proprietary portfolio of products to sporting and live event venues, tour and excursion companies, ski hills and the vast majority of Canada's movie theatres. All solutions feature full end-user data capture and management. For more information on RepeatSeat, visit www.repeatseat.com.
For RepeatSeat investor relations needs, investors are asked to visit the RepeatSeat Investor Relations website where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to RPS@agoracom.com where they can also request their addition to the investor e-mail list to receive all future press releases and updates in real time.
RepeatSeat Ltd.
Dan Gerritsen Chief Financial Officer
(403) 441-1804 Email: dan.gerritsen@repeatseat.com
Website: www.repeatseat.com
AGORACOM Investor Relations
Email: RPS@Agoracom.com
Website: www.agoracom.com/IR/RepeatSeat
