Mr. Mike Walkinshaw reports

TIMIA CAPITAL INCREASES INVESTMENT IN WAGEPOINT

Timia Capital Corp. has made a further $750,000 investment in Wagepoint Inc. of Waterloo, Ont. The $750,000 investment is part of the software company's existing $2-million revenue financing facility with Timia, and the second disbursement based on strong performance and related metrics by Wagepoint.

"Wagepoint is driving growth and delivering on strong customer metrics," said Mike Walkinshaw, chief executive officer of Timia. "We're happy to support the team at Wagepoint with the right capital solution and to foster further growth and expansion."

"Timia has been an incredible partner for Wagepoint," said Shrad Rao, chief executive officer of Wagepoint. "Their involvement has given us the opportunity to do what is right for our business in terms of investing in areas that make the customer experience better and driving exponential growth. We made the decision to go with a revenue-financing solution last year and we haven't looked back since."

Timia is continuously seeking new and exciting investments in the software as a service (SaaS) industry. The company expects to make further investments in the coming months, in the pursuit of its business model, which is to earn a combination of monthly payments and periodic gains on investments.

About Timia Capital Corp.

Timia is a specialty finance company that provides growth capital to technology companies in exchange for payments based on monthly revenue. This alternative financing option complements both debt and equity financing while allowing entrepreneurs and existing stakeholders to retain ownership and control of their businesses.

We seek Safe Harbor.