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Safe Harbor Statement under the United States Private SecuritiesLitigation Reform Act of 1995: Except for the statements ofhistorical fact contained herein, the information presentedconstitutes "forward-looking statements" within the meaning of thePrivate Securities Litigation Reform Act of 1995 and Canadianprovincial securities legislation. These forward-looking statementsrelate to, among other things, Sirit's objectives, goals,strategies, intentions, plans, beliefs, expectations and estimates,and can generally be identified by the use of words such as "may","will", "could", "should", "would", "suspect", "outlook", "expect","intend", "estimate", "anticipate", "believe", "plan", "forecast","objective" and "continue" (or the negative thereof) and words andexpressions of similar import, and may include statementsconcerning possible or assumed future results, financial outlookand/or future-oriented financial information. Although Siritbelieves that the expectations reflected in such forward-lookingstatements are reasonable, such forward-looking statements involveknown and unknown risks, uncertainties and other factors which maycause the actual results, performance or achievement of Sirit to bematerially different from any future results, performance orachievements expressed or implied by such forward-lookingstatements. Readers are cautioned not to place undue reliance onthese forward-looking statements. Actual results may differmaterially from those indicated by these forward-looking statementsas a result of risks and uncertainties impacting Sirit's business.Important factors that could cause actual results to differmaterially from expectations include but are not limited to:Sirit's ability to achieve commercialization and/or commercialacceptance of its RFID technology; the evolution of, and adoptionrate in, the RFID market; changes in Sirit's strategicrelationships; Sirit's dependence on resellers, distributors andsignificant customers; the utility of research and developmentexpenditures undertaken by Sirit; product defects; increased levelsof competition; changes in laws and regulations; foreign exchangefluctuations; and Sirit's overall liquidity and capital resources.These and other important risks are discussed in further detail inthe section entitled "Risks Factors" in Sirit's Annual InformationForm dated March 14, 2008 and in Sirit's management's discussionand analysis found in its 2007 annual report as filed with thesecurities regulatory authorities in Canada via SEDAR. AlthoughSirit has attempted to identify important factors that could causeactual results to differ materially, there may be other factorsthat cause results not to be as anticipated, estimated or intended.Sirit does not undertake any obligation to update anyforward-looking statements contained in this news release as aresult of new information, further events or otherwise. Thiscautionary statement expressly qualifies the forward-lookinginformation in this news release.

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