Valucap announces repayment investment and private placement

    TORONTO, May 7 /CNW/ - Valucap Investments Inc. (V.H-NEX) announces today
that the previously announced $100,000 investment by way of a loan to a
third-party company in the healthcare/technology sector has been repaid. In
keeping with its stated business objectives, Valucap will use the funds to
make investments other undercapitalized companies that have high growth
potential and for working capital.
    Valucap intends to go forward with its previously announced non-brokered
private placement of up to 12,500,000 Units of Valucap at a price of $0.08 per
Unit. Each Unit consists of one common share and one common share purchase
warrant. Each warrant entitles the holder to purchase one additional common
share of Valucap at a price of $0.11 for a period of 24 months, provided that
Valucap graduates to the TSX Venture Exchange within 12 months, or a period of
12 months if Valucap does not graduate to the TSX Venture Exchange. The
proceeds from the offering will be used for potential acquisitions of
securities in undercapitalized and/or underperforming companies and for
general working capital purposes.

    About Valucap

    Valucap is an investment issuer and is interested in making investments
in emerging technologies and markets. Valucap intends to become a leading
small cap Canadian equity company that specializes in investing in
commercialized and undercapitalized companies that have high growth potential.
Specifically, Valucap seeks to generate above average investment returns on
its capital by providing "transaction driven" growth capital to micro and
small cap companies which operate within preferred industry sector
classifications. The common shares of Valucap are currently listed on the NEX.
It is contemplated that the common shares of Valucap will graduate to the tier
2 of the TSX Venture Exchange following the closing of the private placement.

    This press release includes certain "Forward-Looking Statements." All
statements, other than statements of historical fact, included herein,
including without limitation, statements regarding future plans and objectives
of Valucap, are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ materially from
those anticipated in such statements.

    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.

For further information:

For further information: Valucap Investments Inc.: Jeffrey S. Watts,
President and Chief Executive Officer, Tel: (416) 364-2591, Email:

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