Frontline Technologies Inc. Announces Decision to Voluntarily De-List Its Common Shares from the Toronto Stock Exchange

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Thu Jan 19, 2012 4:15pm EST

  TORONTO, ONTARIO, Jan 19 (MARKET WIRE) --
Frontline Technologies Inc. ("Frontline" or the "Company") (TSX:FLC)
announced today that it has made a tactical and strategic decision to
list its common shares on the TSX Venture Exchange (the "TSXV") and to
voluntarily de-list from the Toronto Stock Exchange (the "TSX") by
February 16, 2012. If the Company does not voluntarily de-list from TSX
by this date, the TSX may de-list the securities of the Company.

    Frontline has applied to list its common shares on the TSX Venture
Exchange (the "TSXV") and has received conditional approval from the TSXV
for such listing. Listing will be subject to satisfying all of the
conditions imposed by the TSXV. Frontline intends to satisfy the
conditions of the TSXV as soon as possible and, in any event, prior to
February 16, 2012 so that the voluntary de-listing from the TSX and the
listing on the TSXV can occur simultaneously.

    Given the listing requirements and make-up of the corporations on the
TSX, Frontline sees the TSXV as a more suitable marketplace for its
listing given Frontline's business profile.

    About Frontline Technologies Inc.

    Frontline Technologies Inc. is an established, innovative technology
service company serving the professional, financial and investment
banking communities across Canada. Frontline provides IT infrastructure
support, managed services, technical support, hosted environment
including email and file servers, remote backup, VoIP services, ISP,
disaster recovery and much more. In addition to infrastructure support,
Frontline also offers the "Trade to Clear" application - a comprehensive
platform for managing different aspects of trading such as OMS, Position
Management, Post-trade Matching and Electronic Ticketing. Customers are
able to access an array of services through one reliable provider -
Frontline Technologies Inc.

    Forward looking statements:

    Certain statements in this press release may constitute "forward-looking"
statements which involve known and unknown risks, uncertainties and other
factors which may cause actual results, performance or achievements of
the Company, its subsidiaries or the industries in which they operate to
be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements.
When used in this press release, the words "estimate", "believe",
"anticipate", "intend", "expect", "plan", "may", "should", "will", the
negative thereof or other variations thereon or comparable terminology
are intended to identify forward-looking statements. Such statements
reflect the current expectations of the management of the Company with
respect to future events based on currently available information and are
subject to risks and uncertainties that could cause actual results,
performance or achievements to differ materially from those expressed or
implied by those forward-looking statements. These risks and
uncertainties include, but are not limited to, economic, competitive,
governmental and technological factors affecting the Company's
operations, markets, products, prices and other factors as are detailed
from time to time, including, without limitation, under the heading "Risk
Factors", in documents filed by the Company with the Canadian securities
regulatory authorities which are available at www.sedar.com and to which
readers of this press release are referred for additional information
concerning the Company, its prospects and the risks and uncertainties
relating to the Company and its prospects. New risk factors may arise
from time to time and it is not possible for management to predict all of
those risk factors or the extent to which any factor or combination of
factors may cause actual results, performance and achievements of the
Company to be materially different from those contained in
forward-looking statements. Although the forward-looking statements
contained in this press release are based upon what management believes
to be reasonable assumptions, the Company cannot assure investors that
actual results will be consistent with these forward-looking statements.
Given these risks and uncertainties, investors should not place undue
reliance on forward-looking statements as a prediction of actual results.

    The forward-looking information contained in this press release is
current only as of the date of the press release. The Company does not
undertake or assume any obligation to release publicly any revisions to
these forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated events,
except as required by law.

Contacts:
Frontline Technologies Inc.
Hoss Astaraki
Chairman and Chief Executive Officer
416.637.7462
investorinfo@frontline.ca

Copyright 2012, Market Wire, All rights reserved.

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