/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH US WIRE SERVICES/
TORONTO, Aug. 11 /CNW/ - Further to a press release issued on May 8,
2008, JJR II Acquisition Inc. ("JJR II") (TSX-V: JJR.P) today announced that
the Letter of Intent dated May 5, 2008, as amended (the "Letter of Intent")
with Cicada Corp. ("Cicada") has terminated in accordance with its terms.
There was no deposit or loan made between Cicada and JJR II and there are no
other fees owed between JJR II and Cicada.
JJR II will seek to have the TSX Venture Exchange (the "Exchange") lift
the trading halt that JJR II requested at the time of the initial announcement
of the execution of the Letter of Intent.
With the termination of the Letter of Intent, JJR II will actively seek
an alternative Qualifying Transaction as defined in Policy 2.4 of the
About JJR II: JJR II Acquisition Inc. is a Capital Pool Company ("CPC")
listed on the Toronto Venture Exchange.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Ron Schmeichel, CEO of JJR II Acquisition Inc.
at (416) 972-6294