Issuance of shares to investors

    MONTREAL, March 14 /CNW Telbec/ - Eloda Corporation ("Eloda")
(TSX-V: ELA) announces that it agreed, subject to approval from the TSX
Venture Exchange, to issue additional shares to two arm's length investors in
order to provide them with a number of shares equal to what they would have
received if they had subscribed their shares at $0.30 per share in October
2006 instead of $0.35. All financings completed since October 2006 were at
$0.30 per share.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

For further information:

For further information: please contact: Eloda Corporation: Jean Charles
Dupuis, CEO, (514) 842-1513, FAX: (514) 842-4588,; Sonia
Ferland, Communications Coordinator, (514) 842-1513, FAX: (514) 842-4588,; Renmark Financial Communications Inc.: Jason Roy:, (514) 939-3989, Fax: (514) 939-3717,

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