Local Investors Provide First Stage Financing

Toronto-based CertaintyPoint Technologies Inc. has completed an issue of five million preferred shares at $.10 per share as part of a larger private placement of up to twenty million shares to be closed by July 31, 2009. The proceeds will be used to complete development of the company’s powerline-based digital video surveillance products scheduled to hit the market in September 2009.

“We are pleased to have been able to arrange first stage financing in these tough economic conditions,” said Isaac Raichyk, chief executive officer of CertaintyPoint. “Today, investors are reluctant to participate in any but the most promising ventures.”