24 Dec 2008 | Marketing and financing agreement for PetroSonic heavy oil upgraders with Sonic

VANCOUVER, Dec. 24 / - SONIC Technology Solutions Inc. ("SONIC" or "the Company") today announced that it has entered into an agreement with EnergyInvest Limited ("EnergyInvest") to identify, secure, finance and collaborate on specific PetroSonic heavy oil upgrading projects. PetroSonic is a wholly-owned subsidiary of SONIC which owns and controls the Company's heavy oil upgrading process based on proprietary sonication and oxidation technology. EnergyInvest will identify and finance heavy oil upgrading projects based on the PetroSonic upgrading process. Under the terms of the agreement the parties will identify an initial project within 90 days. EnergyInvest will provide up to $5 million in project costs for the initial project for engineering, construction and operation of a heavy oil upgrading facility.

PetroSonic will license each project royalty free and, in return, SONIC will have a direct working interest in each project. EnergyInvest will also license to the project relevant upgrading technology depending on the project. The specific structure of each project will vary according to resource ownership and the nature of the financing and oil supply agreements. SONIC and EnergyInvest will each have the right to participate in up to 40% of the direct project interest net of the financing and oil supply interests. Sonic and EnergyInvest may both identify potential projects for collaboration under the agreement. The agreement provides for SONIC or EnergyInvest to directly participate in the project financing at their discretion.

The Company also announced a non-brokered private placement (the "Private Placement") in which EnergyInvest Limited ("EnergyInvest") will participate as the lead investor in the amount of $250,000. The financing is to assist in meeting the capital requirements of the Company relating to its heavy oil upgrading process. The Private Placement will be for up to 10,000,000 units (the "Units") of the Company at a price of $0.05 per Unit. Each Unit will consist of one common share and one common share purchase warrant of the Company. Each whole common share purchase warrant will entitle the holder to purchase one common share of the Company at a price of $0.10 per common share for a period of 6 months from the closing of the offering. Closing of the Private Placement is expected to occur on or around January 7th, 2009. The Private Placement is subject to acceptance for filing with the TSX Venture Exchange Inc. and all other necessary approvals. All securities issued under the financing will be subject to a four month hold period under applicable Canadian securities laws. The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States. The Company reserves the right to increase the size of the Private Placement in accordance with market interest.

About EnergyInvest

EnergyInvest Group helps organize projects, arrange finance and contributes novel technologies in order to earn cash flow. EnergyInvest Group also funds promising technologies related to bio- and synthetic fuels, gas processing, crude oil cracking, tidal power, and MEOR. EnergyInvest focuses on industrial applications in Europe, Middle-East & Africa. Located in Windsor, England with research affiliates in UK, USA and Russia/CIS.

About SONIC and PetroSonic

PetroSonic is a wholly owned subsidiary of SONIC and the exclusive licensee of a heavy oil upgrading process utilizing proprietary processes and sonic reactor technology developed and owned by SONIC. The PetroSonic upgrading process incorporates de-asphalting and oxidation stages in a low temperature and pressure process.  SONIC is on the TSX Venture Exchange, Symbol: SNV.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.

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