Even Technologies Signs One Million Dollar Licensing Agreement with NuTech for Military Applications

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Even Technologies Signs One Million Dollar Licensing Agreement with NuTech for Military Applications Vancouver, British Columbia CANADA, January 07, 2009 /FSC/ - Even Technologies Inc. (ETI - TSX Venture), announces signing a $1,000,000 USD licensing contract with NuTech Technologies Inc. ("NuTech"). NuTech will integrate the Even's compression technology into a proprietary real-time conferencing product for strategic military applications. The NuTech product will deploy Even's video file compression technology into an application to increase broadband Internet video capability.  This will enable NuTech to deliver video in critical real-time for theater of operations applications.  Technologies currently in use cannot transmit high definition video in real-time to provide current video intelligence for rapidly moving forces and field soldiers, especially in urban settings. The NuTech system provides the network automation and the broadband satellite network communication systems that are required to keep fast moving military operations informed for mission critical decisions in real-time. Rather than waiting for a briefing or physically traveling to a location, battalion commanders can simply log on to a secure conference and receive crucial information immediately. The entry of the Even Technologies into the 700 billion dollar Military industry marks a major milestone in adoption of the company's technology.  The ability to seamlessly integrate into military applications creates opportunities for Even that will reach every video user. Even Technologies is uniquely poised to leverage its high quality, low bandwidth solutions towards military applications for homeland and overseas security. 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 NuTech Technologies Inc. NuTech Technologies Inc. is a private technology integration firm that specializes in custom applications for strategic clients. These clients require a real-time collaboration solution that delivers an interactive, information-sharing platform for front-line units to enable and power real-time theatre of engagement collaboration. NuTech delivers a rich, intuitive interface for mission-critical information such as enhanced satellite images and greater situational awareness throughout the force.  Strategic forces want to use rich, detailed collaboration environments for its units in real-time. It is critical that information to and from the operative flow in real-time with maximum detail at the lowest possible bandwidths.  The NuTech solutions can be rapidly integrated with existing hardware and software solutions. About Even Technologies Inc. Even Technologies is a Vancouver, Canada based company specializing in advanced solutions for profitable video delivery. Even Technologies' product portfolio includes hardware and software encoders, PC and cellphone decoders and set top boxes which enable multiplatform broadcast and on demand video services over existing wireless, satellite and IP networks. The PSI(r) Smart Compression technology enables real time high definition broadcast at 3 Mbps and standard definition video at 750kbps. Even Technologies' PSI(r) Smart Compression enables the delivery of high definition for streaming and IPTV applications. The PSI(r) technology provides a better solution for delivering interactive digital television, on demand services and online video clips.  For more information, please visit www.EvenTechnologies.com. Copyright (c) 2009 Even Technologies Inc. (r), 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. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE Source: Even Technologies Inc. (ETI - TSX-V) Maximum News Dissemination by Filing Services Canada Inc. * www.usetdas.com

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