LW Capital Pool Inc. completes $500,000 initial public offering

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OTTAWA, June 4 /CNW Telbec/ - LW Capital Pool Inc. ("LW CPI" or the "Company") announced today that it has successfully completed its initial public offering (the "Offering") of 5,000,000 common shares at a price of $0.10 per share for gross proceeds of C$500,000. Fin-XO Securities Inc., formerly Investpro Securities Inc. ("Fin-XO") acted as agent for the Offering. The TSX Venture Exchange (the "TSX-V") has conditionally accepted the listing of the common shares and listing will be subject to the Company fulfilling all the listing requirements of the TSX-V. The Company expects its common shares will begin trading shortly on the TSX-V under the symbol "LWI.P".

In connection with the Offering, Fin-XO received a cash commission of 10% of the gross proceeds of the Offering, a corporate finance fee, and the Company granted to Fin-XO a non-transferable option to purchase up to 500,000 common shares of the Company at a price of $0.10 per common share for a period of twenty-four months from the date of listing of the common shares on the TSX-V.

The net proceeds of the Offering will be used to identify and evaluate businesses or assets with a view to completing a "Qualifying Transaction" under the Capital Pool Company program of the TSX-V as disclosed in the Company's prospectus dated April 16, 2010 (the "Prospectus").

The Company's management team is comprised of Larry Poirier, President and Chief Executive Officer, Richard Boadway, Chairman and Chief Financial Officer, and Michael Dunleavy, Corporate Secretary. The Company's board of directors is comprised of Larry Poirier, Richard Boadway, David Banks, Andrew Moffat, Danny Osadca and Deborah Weinstein.

Larry Poirier is a founder and the Chief Executive Officer of Nitro Microsystems, an information technology services provider with annual sales exceeding $20 million per year and offices in Ottawa and Toronto.

Richard Boadway founded River Ventures Inc. in May, 2007 and serves as its President and CEO. River Ventures provides counsel to technology companies in the areas of strategic, financial and general management.

David Banks has been the Managing Partner of Carlyle Banks & Company, Inc. in Toronto, the principal business of which is investment banking, since October 2005.

Andrew Moffat is the Co-Founder and CEO of Keshet Technologies Inc., a company that assists up-and-coming IT businesses and entrepreneurs with financing and strategic guidance.

Danny Osadca's career spans over 33 years with significant experience in strategy creation, growth management, international marketing, financings, turnarounds and restructuring in his role as CEO of publicly traded DY 4 Systems and privately held Med-Eng Systems.

Deborah Weinstein is a founding partner of LaBarge Weinstein Professional Corporation, a business law firm formed in 1997. More detailed information regarding each director is contained within the Prospectus, which is available to the public at www.sedar.com.

The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirement of such Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About LW Capital Pool Inc.

The Company is designated as a Capital Pool Company by the TSX-V. The Company has not commenced commercial operations and has no assets other than cash. The purpose of the Offering is to provide the Company with funds to identify and evaluate businesses or assets with a view to completing a Qualifying Transaction (as defined in the Prospectus). Any proposed Qualifying Transaction must be approved by the TSX-V and, in the case of a non-arm's length Qualifying Transaction, must also receive majority approval of the minority shareholders. Until the completion of a Qualifying Transaction, the Company will not carry on any business other than the identification and evaluation of businesses or assets with a view to completing a Qualifying Transaction.

For further information regarding the Company, the Offering, and the Company's management team, please see the Prospectus filed with the Company's disclosure documents on SEDAR at www.sedar.com.

Forward-Looking Statements

This press release may contain or refer to forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that actual results will be consistent with such statements. These forward-looking statements are made as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances.

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: Larry Poirier, Chief Executive Officer, [phone], [email protected] or at www.lwcpc.ca