Mr. Andy Duncan reports

BOARDWALKTECH ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Boardwalktech Software Corp. intends to proceed with a non-brokered private placement of up to 42,857,143 units at a subscription price of 3.5 cents per unit, for gross proceeds of up to $1.5-million. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at an exercise price of five cents for a period of two years from the date of issuance.

In connection with the offering, the company may elect to pay finders' fees to eligible finders, and details of any finder's fees paid will be announced at a later date.

Completion of the offering is subject to the approval of the TSX Venture Exchange. The units will be issued pursuant to exemptions from the prospectus requirements in accordance with National Instrument 45-106 respecting prospectus exemptions. The securities issued pursuant to the offering will be subject to a hold period of four months plus one day from the date of issuance. Insiders may participate in the offering, and details of any insider participation will be announced at a later date.

The company intends to use the net proceeds from the offering in connection with general corporate purposes.

About Boardwalktech Software Corp.

Boardwalktech has developed a patented digital ledger and artificial intelligence technology platform used by Fortune 500 companies to power mission-critical enterprise applications. The platform enables multiple parties to work simultaneously on the same data while preserving full data integrity, provenance and auditability. Boardwalktech delivers purpose-built enterprise applications with deep integration into systems of record, significantly faster than traditional software platforms. The company is headquartered in Cupertino, Calif., with offices in India and operations across North America.

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