Sirit Inc., a leading provider of radio frequency identification ("RFID") technology, announces that its management will be investing in the Company.

Sirit management and Board of Directors will be completing a private placement to increase their ownership interests in the Company. The total funds invested will be $785,000.00 before associated fees. The shares will be issued at a price which represents the 5 day volume weighted average trading price prior to board approval of the private placement. Dilution is expected to be less than 4%.