Business News

Sirit Inc. Announces New Board Appointment

Wednesday 16. July 2008 - John Albright to join as the JLA Ventures representative

Sirit Inc. (“Sirit”) (TSX: SI), a leading provider of radio frequency identification (“RFID”) technology, today reported the addition of Mr. John Albright as a new Director to the Company’s Board of Directors. Mr. Albright replaces Mr. Rick Segal as the J.L. Albright III Venture Fund’s representative.

Mr. Albright is the founding partner of JLA Ventures and brings a wealth of experience in the financial realm from fund raising to venture capital markets to long-term growth strategies. Mr. Albright is a Chartered Financial Analyst and received his Bachelor of Business Administration degree from the Schulich School of Business at York University.

The Company’s Board is now comprised of Norbert Dawalibi, Cal Haverstock, George McKinnis, Howard Johnson, Robert Beauchemin, Barry Clark and John Albright. Mr. Barry Clark was elected to the Board at Sirit’s last Annual General Meeting held in April 2008. Mr. Cal Haverstock was appointed by his fellow Directors as Chairman of the Board.