DPLY News Deploy Announces 2012 EBC Equity Authorization

2012-04-04 12:09 ET - News Release

VANCOUVER, April 4, 2012 /PRNewswire/ - Deploy Technologies Inc. (CNSX: DEP) (PINKSHEETS: DPLY) (the "Company") is pleased to announce that on April 3, 2012, the Company received a $4,000,000 equity authorization for the 2012 tax year from the Investment Capital Branch of British Columbia under the eligible business corporation ("EBC") program.  This authorization permits the Company, as an EBC, to raise up to that amount under the program and obtain tax credit certificates for eligible investors equal to 30% of their investment amount.  Every Canadian resident who receives taxable income qualifies as an eligible investor.

"The receipt of this authorization is important because it provides a clear incentive to invest in Deploy," stated David Eppert, the Company's Chief Executive Officer.  "We are currently in the process of raising capital to fund our operations, and we expect that the investing public will welcome the opportunity to receive a significant tax credit by participating in this round of financing or any others that we may announce over the next 12 months."