JAVA CAPITAL INC. FILES ITS FILING STATEMENT

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

CALGARY, Jan. 7 /CNW Telbec/ - Java Capital Inc. (the "Company") (TSX Venture: JCI.P) announces it has filed a filing statement dated January 6, 2011 (the "Filing Statement") with the TSX Venture Exchange (the "Exchange") with respect to its acquisition of all of the issued and outstanding securities in the capital of Peak Positioning Corp (the "Acquisition"). The Acquisition was previously announced in a press release dated October 6, 2010.

Concurrently with the Acquisition, the Company will complete the private placement (the "Private Placement") of a minimum of 11,750,000 units and a maximum of 16,750,000 units, at a price of $0.12 per unit, for minimum gross proceeds of $1,410,000 and maximum gross proceeds of $2,010,000. Each unit is comprised of one common share of the Company (a "Company Share") and one half warrant, each whole warrant entitling the holder to subscribe for one Company Share at a price of $0.15 during the 12 months following its issuance. In connection with the Private Placement, the Company will pay a cash commission equal to 10% of the proceeds of the Private Placement and issue a number of agent's warrants equal to 10% of the number of units sold under the Private Placement. Each agent's warrant entitles the holder to subscribe for one Company Share at a price of $0.12 during the 24 months following its issuance.

Subject to the Exchange's approval, the Acquisition and the Private Placement shall constitute the Company's qualifying transaction. The Exchange has conditionally approved the qualifying transaction and the listing of the resulting issuer. Details of the Acquisition are contained in the Filing Statement available on SEDAR at www.sedar.com. The Acquisition is expected to close on or about January 18, 2011, and is subject to the fulfillment of conditions required by the Exchange.

This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws that involve risks and uncertainties. Such statements include those with respect to the anticipating closing date of the Acquisition. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Such assumptions, which may prove incorrect, include that no event will intervene that would cause any party to the Acquisition or any subscriber under the Private Placement to refuse to proceed with closing. Factors that could cause actual results to differ materially from expectations include a deterioration in capital market conditions that causes the subscribers under the Private Placement to refuse to complete their obligation to subscribe for Company Shares. These factors and others are more fully discussed in the Company's filings with Canadian securities regulatory authorities available at www.sedar.com, including the Filing Statement. Actual results may vary from the forward-looking information.

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 or accuracy of this release.

SOURCE Java Capital Inc.

For further information:

Java Capital Inc.
780, 910 - 7 Avenue SW
Calgary, Alberta T2P 3N8
Tel: 403-617-3733
Fax: 403-770-8370

Attn: Mansoor Anjum, President and Chief Executive Officer

Profil de l'entreprise

Java Capital Inc.

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