Mr. Jim Tocher reports

TRANZEO ANNOUNCES SUSPENSION OF TRADING AND AMENDMENT OF PRIVATE PLACEMENT TERMS

The TSX Venture Exchange has suspended trading in Tranzeo Wireless Technologies Inc.'s securities as a result of a cease trade order issued by the British Columbia Securities Commission on May 8, 2013, for failure of the company to file its audited annual financial statements, management's discussion and analysis, and chief executive officer and chief financial officer certificates for the year ended Dec. 31, 2012, by the deadline required under National Instrument 51-102 Continuous Disclosure Obligations. The company's failure to file the 2012 annual filings is the result of a current lack of funds to remunerate the company's auditor.

Tranzeo further announced an amendment to the proposed non-brokered private placement originally announced on April 23, 2013, to reflect current market conditions. The private placement will now comprise an offering of up to 12.5 million units at a subscription price of two cents per unit for gross proceeds of up to $250,000, conducted pursuant to the exchange bulletin dated April 12, 2013, Private Placements -- Extension and Modification of Temporary Relief from Certain Pricing Requirements. Each unit will consist of one common share in the capital of the company and one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional share for a period of five years from date of closing of the private placement at an exercise price of five cents for the first 12 months and 10 cents thereafter.

The securities issued will be subject to a four-month hold period following the closing of the private placement. Closing of the private placement is subject to receipt of applicable regulatory approvals including approval of the exchange. Use of the proceeds will be for general working capital purposes and will be detailed in the news release confirming closing of the private placement. In addition, the company will apply for partial revocation orders from the applicable securities commissions that will enable it to complete the private placement, and the closing of the private placement is subject to the partial revocation orders being granted.

We seek Safe Harbor.