Killick Capital: Killick Invests in Local Software Developer, Greyfirst Corporation

August 11, 2006, St. John’s, Newfoundland - Killick Capital Inc. (Killick) announced today a significant equity investment in Greyfirst Corporation (Greyfirst), an independent software development company with expertise in RDF database designs, open source technologies and standard-based computing. Greyfirst will utilize the funds to develop “Celtx,” pre-production software for film, video, theatre and animation. Celtx is available in 20 different languages and has registered users in over 90 countries, ranging from universities, film schools and religious organizations to Academy and Pulitzer award winning writers and filmmakers.

Celtx facilitates the pre-production phase of the creation process and is used to create from concept up to production, a media project. The core features enable content creators to: research and develop a story, write and edit scripts, develop a database of project information, complete a media rich mark-up of a script by associating images, sound files, and video clips to the project, schedule project dates, generate reports for use by the crew and collaborate with team members online.

In making today’s announcement, Mark Dobbin, President of Killick Capital Inc. stated that “We are excited to be a part of the Celtx team and to assist in the next stage of Celtx’s growth. With Greyfirst’s strong technology, high caliber management team, and impressive momentum in the industry, we believe the Company is well positioned for growth”, said Dobbin.

“We are ecstatic about having Killick as a partner,” stated Mark Kennedy, Co-Founder of Greyfirst. “Killick saw what we are doing, understood the potential, and agreed to invest on that basis. We look forward to leveraging their expertise as we grow Celtx.”

The Celtx software is available as a free download from the Company’s website www.celtx.com. The free client software is augmented by a set of integrated web services that are delivered by the Celtx server. Greyfirst will establish a larger base of registered users which will support a commercial offering with premium web services to be sold as part of a subscription account.

About Greyfirst
Greyfirst is an independent software development company with expertise in RDF database designs and Open Source technologies. The Company develops core Semantic Web technologies using the Mozilla Application Framework; then fosters their growth into successful applications that run across multiple platforms, and in multiple languages. The Greyfirst Network of software includes: Celtx, Pixtore, iNewsNetwork, MediaJam and the application framework tool, Tadpole.