Streetlight Intelligence Inc. completes $1 million non-brokered private placement financing



    VICTORIA, June 5 /CNW/ - Streetlight Intelligence Inc. ("SLQ") is pleased
to announce that, further to its news release dated May 15th, 2009, the
Company has completed a second tranche of a private placement of 4,225,000
units at a purchase price of $0.10 per unit (the "Unit") for gross proceeds of
$422,500. Each Unit consists of one common share and one-half (1/2) of one
common share purchase warrant ("Warrant"). Each whole Warrant entitles the
holder to purchase one (1) additional common share of the Corporation at a
purchase price of $0.20 exercisable on or before June 5, 2010. Upon exercising
of all Warrants, this private placement has the potential to raise up to an
additional $422,500. In addition to the initial tranche of $677,500 announced
on May 15, 2009, this tranche brings the Corporation up to a total of
$1,100,000 through the proposed private placement announced on April, 22,
2009.
    The common shares, Warrants, and any common shares issued upon exercise
of the Warrants are subject to a hold period expiring on October 5, 2009.
    No commissions were paid in relation to this private placement and all
proceeds will be allocated towards general working capital.

    About Streetlight Intelligence Inc.

    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 IQTM, 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".

    Forward-Looking Information

    Certain statements contained in this news release constitute
"forward-looking statements" as such term is used in applicable Canadian
securities laws. These statements relate to analysis and other information
that are based on forecasts of future results, estimates of amounts not yet
determinable and assumptions of management. In particular, statements
concerning the allocation of proceeds towards working capital and other
factors and events described in this news release should be viewed as
forward-looking statements to the extent that they involve estimates thereof.
Any statements that express or involve discussions with respect to
predictions, expectations, beliefs, plans projections, objectives, assumptions
or future events or performance (often, but not always, using words or phrases
such as "expects" or "does not expect", "is expected", "anticipates" or "does
not anticipate", "plans", "estimates" or "intends", or stating that certain
actions, events or results "may", "could", "would", "might" or "will" be
taken, occur or be achieved) are not statements of historical fact and should
be viewed as "forward-looking statements". Such forward-looking statements
involve known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the Corporation to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Although the
Corporation has attempted to identify important factors that could cause
actual actions, events or results to differ materially from those described in
forward-looking statements there may be other factors that cause actions
events or results not to be anticipated, estimated or intended. There can be
no assurance that such statements will prove to be accurate as actual results
and future events could vary or differ materially from those anticipated in
such statements. Accordingly, readers should not place undue reliance on
forward-looking statements contained in this news release.
    Forward-looking statements are made based on management's beliefs,
estimates and opinions on the date the statements are made and the Corporation
undertakes no obligation to update forward-looking statements and if these
beliefs, estimates and opinions or other circumstances should change, except
as required by applicable law.

    
    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

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STREETLIGHT INTELLIGENCE INC.

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