On January 22, 2008, Patch International Inc. announced that the board of directors had unanimously approved a process to review strategic alternatives to maximize shareholder value. These alternatives may include the sale of the company, merger, reorganization or such other alternatives that are considered to be in the best interest of Patch shareholders. The marketing process is anticipated to commence in February, 2008. Patch has retained CIBC World Markets Inc. as their exclusive financial advisor to seek proposals.