Labrador Technologies to release eTriever Version 2.0
LABRADOR TECHNOLOGIES INC. ANNOUNCES SCHEDULED RELEASE OF VERSION 2.0 OF ETRIEVER
May 4th 2007 - Calgary - Labrador Technologies Inc.'s scheduled release of Version 2.0 of Labrador eTriever will occur on May 14, 2007, the first day of Calgary 's 2007 Convention for the Canadian Society of Petroleum Geologists (CSPG).
This release features a completely new user interface, with a more robust search capability, which clearly defines eTriever's road map to future capabilities. With its focus on colourful, graphical representations, eTriever provides groundbreaking innovations in depicting critical well information at a glance. The goal of eTriever is to be the fastest and friendliest decision-making browser in the Web-based environment.
The company has also closed the second tranche of its previously announced non-brokered private placement for between 222,222 and 1,666,667 units of Labrador at a price of 45 cents per unit. To date, LTI has raised in excess of $250,000 through subscriptions for 579,556 units. Labrador intends to use the proceeds from this private placement as general working capital, and for further development and marketing of its eTriever product.
About Labrador
Labrador Technologies Inc. is in its 26th year of creating Labrador “connections” between the data stores that companies invest in, and all of the places to send this data. LTI develops data retrieval, reporting, and exporting software, specializing in Data-Flow Management™ solutions, currently for the oil and gas industry.
Whether delivering data to a Labrador® application, a third party application, an enterprise service bus, or a portal, Labrador has the ability to retrieve and deliver data to the right place, at the right time. Labrador’s DFM™ software and services help software vendors, data vendors, and company developers alike deliver data to their target audiences by “plugging” users in, and minimizing the need for costly, ongoing maintenance and intervention.
Labrador (www.labradortechnologies.com) trades on the TSX Venture under the symbol “LTX.”
For further information, please contact:
Patricia Merkel
Investor Relations
Labrador Technologies Inc.
Telephone: (403) 263-6325
The TSX Venture Exchange Inc. does not accept responsibility for the adequacy and accuracy of this release.