JM Capital Corp. files Filing Statement on SEDAR

SYMBOL: JMC.P

TORONTO, Feb. 29 /CNW/ - JM Capital Corp. ("JMC") (TSX-V: JMC-P.V), a capital pool company, is pleased to announce that it has filed its Filing Statement on SEDAR (www.sedar.com) pursuant to TSX Venture Exchange requirements in connection with its previously announced qualifying transaction with Tekion, Inc. ("Tekion"). It is anticipated that closing of the transaction will occur in the next 60 days.

The Filing Statement is the disclosure document that outlines the details of the qualifying transaction, the concurrent private placement, information about JMC and information about the target company, Tekion, and its business, including financial statements of JMC, Tekion and a pro forma balance sheet. Readers of this release are encouraged to review the information in the Filing Statement.

About Tekion, Inc. (www.tekion.com)

Tekion, a Delaware corporation, currently operates out of Burnaby, British Columbia, through its wholly owned subsidiary, Tekion (Canada) Inc., a corporation incorporated pursuant to the laws of Canada. Tekion is currently developing a micro fuel cell that will be used to power a number of different mobile devices. By integrating advanced battery technology with a unique micro fuel cell technology, Tekion is creating a new "personal power source". Known as a Formira(TM) Power Pack, this new power source will be capable of fitting inside certain mobile devices.

Tekion has patent pending technology relating to fuel, cost, size, and performance which creates a significant barrier to competition in certain micro fuel cell applications. Utilizing its patent pending Formira(TM) fuel cell technology, Tekion has developed an operational fuel cell powered portable communications device, which has the potential to deliver more energy at costs competitive to the best available batteries. Tekion is focused on defined market segments that require immediate solutions in the milliwatts to watts range. Tekion continues to build its fuel cell development team of scientists, engineers and marketing personnel. Tekion's business focus is to develop, market and sell viable products to generate revenue and returns to shareholders within a reasonable timeframe.

Completion of the transaction is subject to a number of conditions,

including but not limited to final TSX Venture Exchange approval. There

can be no assurance that the transaction will be completed.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the

proposed transaction and has neither approved nor disapproved the

contents of this press release.

Contacts

Jay Freeman
Chief Executive Officer
JM Capital Corp.
Tel: (416) 972-6197

Neil Huff
Chief Executive Officer
Tekion
Inc.
Tel: (604) 656-6617
Email: nhuff@tekion.com