RSI Closes First Tranche of Non-Brokered Private Placement Financing

Not for Distribution to U.S. News Wire Services or Dissemination in the United States

Vancouver, British Columbia (FSCwire) - RSI International Systems Inc. (TSX-V: RSY) (“RSI” or the “Company”) is pleased to announce that it has raised gross proceeds of $492,160 in a first tranche (the “First Tranche”) of its non-brokered private placement previously announced October 25, 2016.

The First Tranche consisted of 3,785,845 units at a price of $0.13 per unit, with each unit comprised of one common share (the “Shares”) and one non-transferable share purchase warrant (the “Warrants”). Each Warrant entitles the holder to purchase one common share at a price of $0.20 until November 17, 2018. The Warrants are subject to accelerated expiry if, at any time after March 18, 2017, the Company’s common shares trade on the TSX Venture Exchange (or other exchange or market) at $0.26 or more for fifteen consecutive days.

In connection with the First Tranche, the Company paid finder’s fees totaling $11,466 and 102,623 share purchase warrants having the same terms, including acceleration, as the Warrants. The net proceeds of the Offering will be used to fund the Company’s growth initiatives and for general working capital purposes. All securities issued are subject to a hold period expiring March 18, 2017.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About RSI

RSI International Systems Inc. is the developer of RoomKeyPMS, a web-based Property Management System (PMS) that incorporates a fully integrated Online Reservation Booking engine and seamless real-time connectivity to the major Global Distribution and Internet Distribution Systems. RSI markets its RoomKeyPMS and a number of other proprietary “hosted” software solutions to a wide variety of Hospitality Industry clients around the world. For more information, please see our website at www.roomkeypms.com

Cautionary Note Regarding Forward Looking Statements

This news release contains forward-looking statements. Any statements that are not strictly historical fact are considered "forward-looking statements." Forward-looking statements cannot be guaranteed and involve assumptions and are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements. Readers are advised to rely on their own evaluation of such risks and uncertainties and not place undue reliance upon forward-looking statements. Any forward-looking statements made herein are made as of the date hereof, and the Company assumes no obligation and disclaims any intention to revise or update any forward-looking information and statements except as required by applicable laws.

For more information, please contact:

RSI International Systems Inc.

Adam Ho, Director

(604) 329-1009

aho@roomkeypms.com

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/RSI11172016.pdf

Source: RSI International Systems Inc. (TSX Venture:RSY)

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