An anonymous director reports

PACIFIC INSIGHT ELECTRONICS ANNOUNCES CLOSING OF SECOND TRANCHE OF PRIVATE PLACEMENT

Pacific Insight Electronics Corp. has closed the second tranche of its previously announced non-brokered private placement of units at a price of $4.15 per unit. Earlier today, the company issued an aggregate of 209,032 units for gross proceeds of $900,000. Each unit consists of one common share and one common share purchase warrant of the company. Each whole warrant will entitle the subscriber to purchase one common share of the company at a price of $4.40 per share until Nov. 30, 2018.

The proceeds from the sale of the units will be used for additional productive capacity and general corporate purposes. The securities issued under the second tranche of the private placement, including any common shares issued on exercise of the warrants, are subject to a hold period of four months plus one day from the date of issuance, expiring on March 31, 2016.

The company issued an aggregate of 680,970 units pursuant to both tranches, for total gross proceeds of approximately $2.8-million.

We seek Safe Harbor.