June 24 2008 - Calgary, Alberta – Real Time Measurements Inc. (“Real Time” or the “Corporation”) (TSX Venture Exchange – “RTY”). Mr. Terry Matthews, President and CEO of Real Time announces that Real Time has closed on $230,000 representing the third and final tranche of its previously announced private placement of convertible debentures, as reported in a press release dated April 24, 2008. In connection with closing the third tranche of $230,000, Real Time paid $17,000 to Blackmont Capital Inc. as a finders’ fee. All underling securities will be subject to a statutory four month hold period. Total funds raised in connection with the private placement was $830,000, representing an over subscription of $130,000.
The proceeds from the private placement will be used for general working capital, international business expansion, shop equipment, raw material inventory.
About Real Time Measurements Inc.
Real Time is an independent Canadian oil and gas service company with its head office in Calgary, Alberta. The company was founded in December 1995 to exploit opportunities arising from the creative application of recent technological developments to solving selected oil and gas upstream measurement problems in more efficient ways. Real Time’s primary business activity revolves around the commercial development of premium quality sensor-to-desktop data gathering systems which are used primarily, although not exclusively, in oil and gas wells. The first commercial version of the technology is called Smart Drop Off (“SDO”). SDO provides customers with a secure internet based data port that links them to a high precision electronic pressure gauge downhole in a well. The SDO sensor-to-desktop system dramatically improves well test operational efficiency and quality. To the best of management’s knowledge, at the present time, Real Time is the only company in the world that offers a service like SDO. The company is now developing a new technology platform called DataTrak. DataTrak will support future Real Time products and services. DataTrak will also be the backbone of a much improved next generation SDO.
For more information please go to www.sedar.com, or contact:
Terry Matthews, President
Real Time Measurements Inc.
T: 403 720 3444
Website : www.rty.ca
The TSX Venture Exchange has not reviewed this release and it does not accept responsibility for its adequacy or accuracy.
Certain statements included in this news release constitute "forward-looking information" within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. Specifically, some of the material risks include not being able to complete the tasked described in the contract or if the oil and gas industry experiences a significant downturn. The forward-looking information contained in this news release represents the expectations of Real Time as at June 24, 2008, and, accordingly, is subject to change after such date. However, Real Time expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.