N4 Systems Completes Initial Financing

Toronto, Ontario – April 17th, 2008 – N4 Systems, the market sector leader for fully integrated safety compliance and inspection management systems, announces the completion of its initial round of investment capital.  The funds will be used to grow the corporation’s sales and marketing initiatives and to expand its customer support and service operations.

Through its flagship product line, Field ID, N4 Systems offers an integrated product line that combines advanced RFID (radio frequency identification) technology, state-of-the-art wireless handheld mobile computing, highly secure data management, distribution and storage, remote system management and support, and optimized high speed World Wide Web network integration.  Field ID customers enjoy the many benefits of reduced operational costs, improved efficiency, accuracy and reliability, rapid data distribution and access, fully automated compliance and inspection forms and secure data storage allowing for real-time access to current and historical inspection data.  Field ID makes the world of paperless safety compliance and inspections a reality.

“N4 Systems has moved quickly to establish itself as the undisputed market leader for automated safety compliance and inspection management.  Government mandated and regulatory requirements for semi-annual and annual safety compliance inspections covers almost every manufacturing, construction, maintenance and natural resource industry sector in the world.  From lifting devices such as cranes, slings and harnesses to heavy equipment, production and assembly lines to drilling equipment and pipelines,  Field ID offers a significant paradigm shift in the way safety compliance inspections are conducted, managed and reported.  It is truly a breakthrough.” noted Paul Hyde, President of Temple Mill Limited and lead investor.

“We are truly excited to be working with this group of entrepreneurial investors.  Their cumulative knowledge, experience and proven track records will be invaluable and will allow N4 to further cement Field ID as the market leader in safety compliance and inspection management.” says Somen Mondal, CEO & President of N4 Systems.

“Each investor brings a unique set of skills to N4.  Their industry knowledge and ability to facilitate high growth startup companies will allow N4 to expand and capture market share and an even faster rate.” says Shaun Ricci, CTO of N4 Systems.

The N4 outside investor group includes Greg Cochrane, General Partner, Graoch Associates Limited; Paul Hyde, President, Temple Mill Limited and Lead investor; and Robert McEwen, Chairman and CEO, US Gold and Lexam Explorations.

About N4 Systems:

N4 Systems is the world’s leading provider of automated inspection and safety compliancy management software for companies of all sizes.  N4 Systems offers powerful, efficient and easy-to-use Web-based software that dramatically improves the inspections and safety compliancy process. 

N4 Systems’ flagship product suite, Field ID, combines RFID, mobile computers and the Web to allow customers to automate inspections and manage safety compliance more efficiently, more accurately and more cost effectively.  Field ID is offered in different editions and can be easily customized and integrated into any business environment. For more information, call (416) 599-6464 or 1-800-99-N4SYS toll-free in North America.  Email us at contact@n4systems.com, or visit http://www.n4systems.com.

For more information contact:

Somen Mondal
N4 Systems Inc.
Phone: 416-599-6464
Fax: 416-599-6463