Vanouver, British Columbia (FSCwire) - Orca Touchscreen Technologies Ltd. (the “Company”) (CSE:OAA), is pleased to announce that it has closed a private placement of 1,030,951 common shares at a price of $0.50 per share, yielding gross proceeds of $515,475.50 to be used for general working capital purposes. 

The shares shall be subject to a 6-month hold period from today’s closing date. 

There was no finder fee paid in connection with the private placement.

About Orca Touchscreen

Orca Touchscreen sells and distributes capacitive touchscreens to manufacturers of smartphones, tablets, laptops, mp3 players, GPS navigation systems, automobile controls, exercise equipment, educational and public information kiosks, point of sale devices, e-readers, medical devices, gaming consoles and other electronic devices.  Orca Touchscreen has an exclusive worldwide license to use and sublicense all the technology and patents owned by Sollensys Corp. to make, sell and distribute touchscreen products and services.  Sollensys Corp., a Korean corporation, is a global leader in innovative capacitive touch sensor technologies.

To learn more about Orca Touchscreen, visit www.orcatouchscreen.com, and you can view its profile and documents at www.sedar.com and www.thecse.com .

For further information, please contact:

Jong Myung (James) Choi

Chief Financial Officer and a Director

Orca Touchscreen Technologies Ltd.

Telephone:  604.880.0499

Email:  info@orcatouchtech.com

The CSE has not reviewed, approved or disapproved the content of this press release.

Forward-Looking Information:

This press release may include ‘forward-looking information’ within the meaning of Canadian securities legislation, concerning the business of the Company.  Forward-looking information is based on certain key expectations and assumptions made by the management of the Company.  Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

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