SOLIDIFI SECURES INVESTMENT FROM QUADREXX ASSET MANAGEMENT AND WHITECASTLE INVESTMENTS

Funding to expand risk management capabilities and establish operations in the US mortgage market

Toronto, ON – May 6, 2008 – Solidifi Inc., a leading provider of collateral valuation and risk management services, has announced that it has secured debt and growth equity investments from Quadrexx Asset Management Inc. (“Quadrexx”) and from Whitecastle Investments Limited (“Whitecastle”). The funds, which in part represent the first public offering investment for Solidifi, will be utilized to accelerate the company’s sales and marketing efforts, continue to build its presence in Canada and to expand operations into the US mortgage market.

Solidifi provides mortgage professionals with risk management and data analytics solutions that assist them in making smart decisions about collateral valuations while significantly reducing the time and cost involved in processing mortgage loans. Solidifi has an established suite of products including Solidifi Values^TM and Solidifi Insight^TM providing solutions for obtaining high quality real estate valuations, automated appraisal reviews and collateral risk assessments.

"We are very pleased to have received this funding from Quadrexx and Whitecastle," says Jason Smith, President and CEO of Solidifi. "We will be investing to further enhance our product suite in partnership with appraisers to continue our growth in Canada and expand into the US mortgage market.”

In combination with the financing, Solidifi has appointed Blaine Hobson to its Board of Directors. Mr. Hobson is an experienced operator, manager and investor with more than 25 years of experience in successfully starting up, building and running companies. He is currently a Managing Director at Whitecastle Investments Limited, a Toronto-based investment fund focused on providing capital and expertise for growth oriented enterprises.

“Blaine has direct investment and leadership experience in a variety of diverse industries," says Smith. "His background and experience will prove highly valuable to the Solidifi Board of Directors and management.”

"Solidifi has established a good customer base and strong partnerships with appraisers in Canada by leveraging its technology and data analytics capabilities," says Blaine Hobson, Managing Director of Whitecastle. "I look forward to working closely with the Solidifi team to expand their valuation and risk management solutions to the US mortgage market."

About Solidifi Inc. Solidifi is a leading provider of collateral valuation and risk management services to the mortgage industry. Solidifi provides mortgage lenders, brokers and insurers with dynamic solutions that assist them in making “incredibly smart decisions” while significantly reducing the time and cost involved in processing mortgage loans. Solidifi currently serves leading Canadian and global financial institutions and operates Canada’s largest appraiser network. With a growing broker, lender and insurer base, Solidifi Values^TM and Solidifi Insight^TM are the premiere solutions for obtaining high quality real estate valuations. For more information, go to www.solidifi.com.

About Quadrexx Asset Management Inc. Quadrexx was formed in 2003 to create and manage niche alternative investment products. The firm has three main divisions, the Hedge Fund division, the Wealth Management division and a Limited Market Dealer division. Quadrexx products have been designed to offer advisors and their clients an alternative to standard investment options. Within the Limited Market Dealer division, Quadrexx offers private equity investments through limited partnerships that offer high risk adjusted returns and low correlation to traditional investments. More information about Quadrexx is available at www.quadrexx.com.

About Whitecastle Investments Limited Whitecastle’s vision and strong commitment to assisting companies requiring capital to expand and capture new markets is manifested by Whitecastle Private Equity Partners and Whitecap Venture Partners. Whitecastle targets opportunities in certain key business sectors such as food services, recycling and waste management, health care services and products, financial services and manufacturing. More information about Whitecastle is available at www.whitecastle.ca.

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