Streetlight Intelligence Inc. announces proposed amendments to debentures



    VICTORIA, June 30 /CNW/ - Streetlight Intelligence Inc. ("SLQ" or the
"Corporation") announces that it has made application to the TSX Venture
Exchange (the "Exchange") to make certain amendments (the "Amendments") to its
convertible debentures (the "Debentures") that were issued on September 28,
2007 in the principal amount (the "Principal Amount") of $787,000. In addition
to the approval of the Exchange, the Amendments also must be approved by the
holders of at least sixty-six and two-thirds (66 2/3%) percent of the
Principle Amount of all the outstanding Debentures.
    Pursuant to the Amendments, it is proposed that the maturity date of the
Convertible Debentures will be extended by one year from September 28, 2009
until September 28, 2010 (the "Maturity Date"), the Convertible Debentures
will be convertible into units ("Units") of the Corporation at the holder's
option at any time prior to the Maturity Date at a conversion price equal to
$0.21 per Unit as opposed to the former conversion price of $0.90 per unit
(and at the Corporation's option at any time prior to the Maturity Date if the
average closing trading price of the common shares ("Common Shares") of the
Corporation on the Exchange or any other exchange on which the Common Shares
are traded, exceeds $0.42 for fifteen (15) consecutive trading days as opposed
to the former amount of $1.80).
    Each Unit continues to consist of one (1) Common Shares and one-half
(1/2) of one Common Shares purchase warrant (a "Warrant"). Each whole Warrant
will entitle the Holder thereof to purchase one (1) Common Shares at an
exercise price of $0.28 per Common Share until the new Maturity Date as
opposed to the former exercise price of $1.20 per Common Share on or before
September 28, 2009.

    Streetlight Intelligence Inc. develops advanced street light optimization
systems - and was recently recognized as the "New Technology of the Year" at
the British Columbia Hydro 2009 Power Smart Excellence Awards. Trademarked as
Lumen IQ(TM), 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".

    
    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.
    
    %SEDAR: 00019937E




For further information:

For further information: visit www.StreetlightIQ.com or contact: Vincent
Krynski, Chief Executive Officer, (403) 571-2412, vkrynski@StreetlightIQ.com;
D. Mark Alenius, CA, Chief Financial Officer, (403) 803-7390,
malenius@StreetlightIQ.com

Organization Profile

STREETLIGHT INTELLIGENCE INC.

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