Even Technologies - Corporate Update

About this update from Envirometal Technologies Inc

Even Technologies - Corporate Update Vancouver, British Columbia CANADA, July 11, 2008 /FSC/ - Even Technologies Inc. (ETI - TSX Venture), ("Even" or the "Company") announces that the Company has closed effective July 7, 2008 a private placement for secured convertible debentures in the aggregate amount of US $1,500,000.00. As collateral for the debentures, the Company granted to the lenders a general security interest over all its present and after-acquired property. Interest pursuant to the debentures is payable at a rate of 12% per annum, calculated quarterly and payable quarterly in arrears commencing December 31, 2008. The debentures mature three years after issuance. Even is entitled to redeem all or a portion of each of the debentures at any time after December 31, 2008 on payment of a premium of 5% of the principal amount being redeemed.  Each lender has the option to convert, at any time, all or a portion of the outstanding principal owed to such lender into common shares of the Company at a price per share of CDN $0.26.   In conjunction with the issuance of the debentures, Even issued the lenders an aggregate of 2,499,999 warrants with each warrant entitling the holder to acquire one common share of Even at a price per share of CDN $0.40 for a period of 24 months following issuance of the debentures.   The convertible debentures and the warrants and any common shares issued on conversion of the convertible debentures or the warrants will be subject to a hold period expiring November 7, 2008.  Finders Fees of US $90,000.00 were paid in conjunction with the private placement. Proceeds from the convertible debentures will be used for marketing, customer support, inventory and general corporate purposes. Any content, anywhere, anytime. For more information, visit www.eventechnologies.com. On Behalf of the Board of Directors: (signed) "Nick Ringma" Nick Ringma President and CEO +1(604) 689-1858 About Even Technologies Inc. Even Technologies is a Vancouver, Canada based company, specializing in advanced solutions for profitable IPTV delivery. Even Technologies' PSI(R) Smart Compression allows service providers to deliver standard definition video at only 750kbps and high definition video at less than 3 Mbps. Built into a complete system including real time encoders, middleware and upgradeable set-top boxes, the PSI(R) technology provides the telecommunications sector with a new alternative for delivering interactive digital television. The Company has also implemented the PSI(R) technology into a range of applications for medical imaging, security identification photos and media streaming to the PC and mobile environment. For more information, please visit www.eventechnologies.com.   Copyright (C) 2007 Even Technologies Inc.(TM), EVEN(TM), PSI(R), dme(TM) and other marks, names, logos and icons identifying Even Technologies Inc. and Even Technologies' products and services referenced herein are trademarks or registered trademarks of Even Technologies Inc. All other company, product and/or brand names or marks are the trademarks of their respective owners. Certain statements contained in this document, including statements regarding events and financial trends that may affect our future operating results, financial position and cash flows, may constitute forward-looking statements within the meaning of the federal securities laws. These statements are based on our assumptions and estimates and are subject to risk and uncertainties. You can identify these forward-looking statements by the use of words like "strategy," "expects," "plans," "believes," "will," "estimates," "intends," "projects," "goals," "targets," and other words of similar meaning. You can also identify them by the fact that they do not relate strictly to historical or current facts. We wish to caution you that such statements contained are just predictions or opinions and that actual events or results may differ materially. The forward-looking statements contained in this business plan are made as of the date hereof and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ materially from those projected in the forward-looking statements. Where applicable, we claim the protection of the safe harbor for forward-looking statements provided by the (United States) Private Securities Litigation Reform Act of 1995. Source: Even Technologies Inc. (ETI - TSX-V) Maximum News Dissemination by Filing Services Canada Inc. Ph: (403) 717-3898  Fx: (403) 717-3896    www.usetdas.com

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