STREETLIGHT INTELLIGENCE INC. ANNOUNCES EMPLOYEE LAYOFFS AND SUSPENSION OF OPERATIONS

VICTORIA, April 19 /CNW/ - Streetlight Intelligence Inc. ("SLQ" or "the Corporation"). The board of directors of the Corporation announces that as of April 15, 2011 all employees of the Corporation were issued temporary layoff notices in accordance with relevant employment standards, subject to recall within prescribed periods, and the operations of the Corporation were suspended.

Despite the foregoing, efforts continue to evaluate strategic alternatives available to the Corporation with the intent of enhancing shareholder value and resuming operations, including but without limitation, alternate debt or equity financing arrangements, seeking creditor protection, seeking a joint venture partner, licensing or sale of some or all of the Corporation's assets, or merging, amalgamating, or selling the Corporation to a larger, better-financed entity, although there is no assurance that these efforts will be successful, or if and when operations of the Corporation will resume.

About Streetlight Intelligence Inc.

Streetlight Intelligence Inc. develops advanced street light optimization systems.  Trademarked as Lumen IQ™, SLQ's technologies provide improved lamp performance, adaptive lighting control, and system-wide communications for centralized street light management.  SLQ's systems enable street light operators to significantly reduce their community's energy consumption, maintenance costs and environmental impact.

SLQ is a public company listed on the TSX Venture Exchange under the symbol "SLQ".  For more information, visit www.StreetlightIQ.com or contact:

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy and accuracy of this release.


SOURCE Streetlight Intelligence Inc.

For further information:

Vincent Krynski, 
Chief Executive Officer
(403) 571-2412 
vkrynski@StreetlightIQ.com 

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Streetlight Intelligence Inc.

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