Social Networking Company, College Tonight, Inc., Finalizes Merger With Simex Technologies, Inc.

Search Blogs that Mention this News Release
Click this link to view linked Bookmarking Services
Click this link to view linked Blogging Services
Social Networking Company, College Tonight, Inc., Finalizes Merger With Simex Technologies, Inc.
    College Tonight Becomes One Of First Social Networks To Enter Public
                             Marketplace (SMXT)

    ATLANTA, Nov. 29 /PRNewswire-FirstCall/ -- College Tonight, Inc., the
evolution of collegiate social networking, announced today the completion
of its merger with Simex Technologies, Inc. College Tonight is now a
wholly-owned subsidiary of Simex, whose common stock is traded on the pink
sheets (OTC: SMXT). As a part of the transaction, before and at closing of
the merger, College Tonight raised $1,639,500 in equity capital in private
placements to accredited investors. In connection with the merger, Simex
filed with the SEC all delinquent annual and quarterly reports, and is now
current on its reporting requirements as a public company.

    Zachary R. Suchin, the founder of College Tonight, and the new
President & CEO of Simex, said "We are elated to begin writing the next
chapter of not only College Tonight, but also of the social networking
revolution. As part of a public company, College Tonight intends to
continue its mission of promoting actual social interactivity, rather than
the sedentary lifestyle to which most sites relegate their users. Through
diligent execution of our innovative mobile strategy, implementation of our
unique privacy protection, and matchless local focus, we are leading
college students across the country and the sector as a whole, towards what
social networking should have evolved into by now -- taking the experience
from computer interface, to face-to- face."

    Over the next several months, as College Tonight's national
"Disorientation" college tour continues, College Tonight will introduce its
members to an array of fresh and unique features including mobility.
Through this dual online/offline marketing platform, sponsors will have an
opportunity to expose their product to what has been called the most
difficult to reach and fragmented audience in history, and to introduce
their brands to students in ways that are inherently a part of the college
experience. As other companies battle to maximize online utility, College
Tonight will take the networking experience far beyond.

    As described in its October 16, 2007 press release, Simex issued
College Tonight shareholders a total of 2,412,800 shares of Series A
Convertible Preferred Stock, which are automatically convertible into
approximately 74% of Simex's common stock upon the filing of certain
amendments to Simex's Certificate of Incorporation. Simex intends to file
an amendment to its Certificate of Incorporation to increase its authorized
common stock from 50,000,000 to 100,000,000 shares, to effect a one for
four reverse split, and to change its name to "College Tonight, Inc." upon
compliance with SEC proxy regulations. Simex intends to apply for a new
trading symbol, and move trading of its common stock to the OTCBB, once the
amendments to its Certificate of Incorporation are filed.

    College Tonight is a social networking experience and marketing
platform, which is designed to promote actual social interactivity among
college students. Due to the mobile nature of the site, the service's
design is also structured for the mobile user, focusing on nightlife events
and social opportunities both directly on a student's campus and within
their broader communities. College Tonight's platform intends to allow
advertisers an opportunity to tap into the world of active, outgoing and
socially motivated college students - the "trendsetters" and "tastemakers"
of society.

    Information in this release regarding Simex or College Tonight's
forecasts, outlook, expectations and beliefs are forward-looking statements
that involve risks and uncertainties. All forward-looking statements
included in this release are based upon information available to Simex or
College Tonight as of the date of this release, which may change, and we
assume no obligation to update any such forward-looking statements. These
statements are not guarantees of future performance and actual results
could differ materially from our current expectations.



    Zachary R. Suchin
    President & CEO
    Simex Technologies, Inc./College Tonight, Inc.
    6380 Wilshire Blvd., Suite 1020
    Los Angeles, CA 90048
    T: (323) 966-5800, f: (323) 966-5830
    http://www.collegetonight.com
SOURCE Simex Technologies, Inc.
http://www.collegetonight.com