Tranzeo Wireless Technologies Inc. Completes $8 Million Bought Deal

February 14, 2007

Tranzeo Wireless Technologies Inc. (TSX:TZT) completed a bought deal offering of 3,200,000 common shares by way of short form prospectus for gross proceeds of $8.0 million. Orion Securities Inc. led a syndicate of underwriters which included Paradigm Capital Inc. and Raymond James Ltd.

Wildeboer Dellelce LLP represented the underwriters with a team comprised of Vaughn MacLellan, Sanjeev Patel and Irene Kim (corporate/securities).

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