Vancouver, BC – October 23, 2008 – Pursuant to the Convertible Debenture announced in its news releases dated August 23 and September 4, 2007, Even Technologies Inc. ("Even" or the “Company” TSX-V: ETI) wishes to advise that it has exercised its Share Redemption Option, subject to the acceptance of the TSX Venture Exchange, to pay the October installment under the Convertible Debenture consisting of principal indebtedness of Euro €110,000 and interest thereon of Euro €10,550 by the issuance of 1,147,577 common shares of the Company at a deemed price of Euro €0.105 or approximately CAD$0.17 per common share.

Any content, anywhere, anytime.
For more information, visit www.eventechnologies.com.  

On Behalf of the Board of Directors:

(signed) "Nick Ringma"

Nick Ringma
President and CEO
+1 604 689 1858

About Even Technologies Inc. 

Even Technologies is a Vancouver, Canada based company, specializing in advanced solutions for profitable video delivery. Even Technologies’ compression product portfolio includes the dme™ 900 HD Encoder to allow operators and broadcasters to introduce multi-platform video applications by distributing high quality video content over existing wireless, satellite and IP networks. The PSI® Smart Compression technology enables real time high definition broadcast at sub 3 Mbps. Even Technologies’ PSI® Smart Compression allows service providers to deliver standard definition video and high definition video for streaming and IPTV applications. Built into a complete system including real time encoders, middleware and upgradeable set-top boxes, the PSI® technology provides the telecommunications sector with a new alternative for delivering interactive digital television. The Company has also implemented the PSI® technology into a range of applications for medical imaging, security identification photos and media streaming to the PC and mobile environment. For more information, please visit www.eventechnologies.com.  

Copyright © 2008 Even Technologies Inc.™, EVEN™, PSI®, dme™ and other marks, names, logos and icons identifying Even Technologies Inc. and Even Technologies’ products and services referenced herein are trademarks or registered trademarks of Even Technologies Inc. All other company, product and/or brand names or marks are the trademarks of their respective owners.

Certain statements contained in this document, including statements regarding events and financial trends that may affect our future operating results, financial position and cash flows, may constitute forward-looking statements within the meaning of the federal securities laws. These statements are based on our assumptions and estimates and are subject to risk and uncertainties. You can identify these forward-looking statements by the use of words like “strategy”, “expects”, “plans”, “believes”, “will”, “estimates”, “intends”, “projects”, “goals”, “targets”, and other words of similar meaning. You can also identify them by the fact that they do not relate strictly to historical or current facts. We wish to caution you that such statements contained are just predictions or opinions and that actual events or results may differ materially. The forward-looking statements contained in this business plan are made as of the date hereof and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ materially from those projected in the forward-looking statements. Where applicable, we claim the protection of the safe harbor for forward-looking statements provided by the (United States) Private Securities Litigation Reform Act of 1995.