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
     www.collegetonight.com
 
 

SOURCE Simex Technologies, Inc.