KRL.P Karel Capital Corp.

Karel Capital Corporation ("Karel" or the "Company") (TSX VENTURE:KRL.P), a
capital pool company announces that in contemplation of the amalgamation between
Karel and Preo Software Inc. ("Preo") (CNSX:PKM) as announced in a joint press
release between Karel and Preo on January 29, 2010, (the "Amalgamation") the
Company is seeking the approval of the TSX Venture Exchange (the "Exchange" or
"TSX-V") for Karel to provide a bridge loan of $225,000 to Preo (the "Bridge
Loan") to fund Preo's operations prior to the Amalgamation. In the event that
the Amalgamation is not completed, the Bridge Loan will become payable in full
on demand. The Bridge Loan is subject to prior approval of the Exchange and
completion of all satisfactory due diligence. The Bridge Loan will bear interest
at the annual rate of 4 %, all Preo debt will be subordinated to the Bridge
Loan, and the Bridge Loan will be secured by a General Security Agreement on the
current and after-acquired assets of Preo. The Bridge Loan will be reimbursable
at the latest date on May 3, 2010. If the Amalgamation is completed on or before
May 3, 2010, the Bridge Loan will not have to be reimbursed by Preo. 


Trading of the common shares of Karel has been halted in connection with the
dissemination of this press release and will recommence at such time as the
TSX-V may determine, having regard to the completion of certain requirements
pursuant to TSX-V Policy 2.4 (the "Policy").


About Karel Capital Corporation

Karel Capital Corporation is a capital pool company as defined by the Policy.
The principal business of the Company is to identify and evaluate opportunities
for the acquisition of an interest in assets of businesses and, once identified
and evaluated, to negotiate an acquisition or participation subject to receipt
of shareholder approval and acceptance for filing by the Exchange.


KAREL CAPITAL CORPORATION

Cameron Schuler

Karel Capital Corp. (TSXV:KRL.P)
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