CALGARY, ALBERTA--(Marketwire - May 2, 2012) - Courtland Capital Inc. (TSX VENTURE:CTD.H) (the "Corporation"), formerly Forcelogix Technologies Inc., announces that it filed its outstanding financial statements and related management's discussion and analysis on SEDAR.

Following the Corporation's sale of its wholly owned operating subsidiary, ForceLogix, Inc. on February 25, 2011 (the "Asset Sale") the Corporation changed its year end from December 31 to March 31 resulting in a 15 month year end ending March 31, 2011.

As a result of the Asset Sale and subsequently obtaining and preparing the necessary accounting in order to commence an audit of the 15 month period ended March 31, 2011, the Corporation did not file its annual audited financial statements within the time frame set out in National Instrument 51-102 Continuous Disclosure. Without the annual audit complete the Corporation was also unable to complete the quarterly interim financial statements for the June 30, 2011, September 30, 2011 and December 31, 2011 periods. This resulted in both the Alberta Securities Commission and the British Columbia Securities Commission issuing cease trade orders against the Corporation. The trading of the Corporation's common shares on NEX (TSX Venture) was also suspended.

The Corporation has now filed the audited financial statements for the 15 month period ended March 31, 2011, and the unaudited interim financial statements for the 3 months ended June 30, 2011, the 6 months ended September 30, 2011 and the 9 months ended December 31, 2011. The Corporation also filed the related management's discussion and analysis for the same periods. All of these documents may be found at [ www.sedar.com ].

The Corporation will be filing applications with both the Alberta Securities Commission and the British Columbia Securities Commission to have the cease trade orders revoked. These applications will be made this week. It is anticipated that the cease trade orders will be revoked late in the Corporation's first quarter or early in the second quarter. The Corporation will also request the TSX Venture Exchange to commence a reinstatement review concurrent with the filing of the revocation applications.

The Corporation currently has no active business operations following the Asset Sale but is seeking opportunities to acquire a new business or assets to commence operations within the next 12 months. The Corporation's only source of revenue is through interest income earned on its cash and cash equivalents. As the Corporation has no operations nor can it commence any operations without completing a reverse take-over, the Corporation's ability to generate cash will be solely from interest income.

As at December 31, 2011, the Corporation had working capital of $1,441,236. The Corporation will continue to incur expenses related to seeking and completing a reverse take-over and its overall regulatory compliance expenses. The Corporation is of the view that it has sufficient cash to cover the expenses and regulatory fees necessary to complete a reverse take-over as well as its other liabilities and obligations.

"Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.Such information is subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information, as no assurances can be given as to future results, levels of activity or achievements."

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