CFO, Paul Haber said, "This acquisition brings us up market into a higher margin, lower risk business that complements our current core development skill. Lighthouse will provide the experience and expertise to leverage our existing Intellectual Properties and build additional IP that will build greater value for shareholders."

The agreed purchase price will be $3,000,000, with up to a further $1,250,000 to be paid contingent upon agreed performance targets. The price comprises cash of $650,000 and 3,850,000 common shares, valued at $1,350,000, payable on closing. $400,000 will be paid in an unsecured note, payable over a three year term bearing interest at 10%. The $600,000 remaining portion of the purchase price is to be paid on or before November 30, 2008.