RSI Receives Extension for 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”) reports that it has received TSX Venture Exchange approval to extend the final closing of its non-brokered private placement to December 23, 2016.

The private placement of Unit (the “Units”), originally announced October 25, 2016, is to raise gross proceeds of up to $600,000. A first tranche closing in the amount of $492,160 was completed on November 17, 2016.

Each Unit will be priced at $0.13 and be comprised of one common share and one non-transferable share purchase Warrant (the “Warrants”). Each whole Warrant will entitle the holder to purchase one common share at $0.20 for up to 24 months. The Warrants will be subject to an acceleration clause which will allow the Company to accelerate their expiry if the Company’s shares trade at $0.26 or more for fifteen consecutive trading days at any time after four months and one day has elapsed from the closing of this Offering.

The net proceeds of the offering will be used to fund the Company’s growth initiatives and for general working capital purposes. The Shares, Warrants and Warrant Shares will be subject to a Canadian and TSX-V hold period of four months plus one day after closing of the Offering. Finder’s fees may be payable on a portion of this Offering.

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/RSI12152016.pdf

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

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