Toronto, ON – September 23, 2008 - e3 Solutions, provider of industry-leading governance, risk and compliance (GRC) software systems in the areas of enterprise carbon management, incident management and environmental information management, today announced the successful completion of its Series “A” round of funding. The primary investor is the New Carbon Economy Fund (NCEF), an investment group created to provide capital to high growth potential companies whose expansion plans will be fueled by organizations seeking a competitive advantage in the new carbon economy.

“e3 Solutions fits our profile extremely well,” said Rick Tuttle, Chairman of NCEF. “They have established products and customers in this space and a seasoned management team that knows how to execute on their strategic plans. We couldn’t be more pleased to be their financial partner.”

The capital will be primarily used to accelerate e3’s positioning as a major player in the enterprise carbon management (ECM) software market. With ECM an increasingly critical operational risk, e3’s ECM solution delivers greenhouse gas monitoring, management and reporting capabilities to help Fortune 1000 clients meet shareholder requirements, fulfill regulatory obligations, and assume a leadership role on climate change.

“Securing funding from the New Carbon Economy Fund is more than a just a financial boon to the company", said Kevin J. Coyne, e3’s Chief Executive Officer. "Their faith in our people, products and plans is a great validation of our business model and strategic direction.”

Other initiatives include expanding the company’s channel and strategic partnerships, and leveraging an extensive client base built on e3’s earlier success with environmental management information system.

About NCEF
The New Carbon Economy Fund has been established to make investments in emerging companies dedicated to the commercialization of technologies that reduce or eliminate green house gas emissions.Their mission is to develop a portfolio of investments that exhibit excellence in every aspect of the enterprise, including the delivery of above average rates of return. The New Carbon Economy Fund addresses the global socio-economic realities that confront our society and future generations. For more information visit www.newcarboneconomyfund.com.

About e3 Solutions
Leading the industry in the delivery of enterprise carbon management software, as well as incident management and environmental risk management systems, e3 Solutions helps organizations across North America measure, monitor and verify their GHG emissions. No one can afford to take a backseat approach to quantifying and managing carbon-related risk any more. Give your organization the critical advantage of e3’s powerful, real-world proven solutions. Visit www.e3solutionsinc.com

Media Information:
For more information about this release or e3 Solutions Inc., contact:
Shaun Jackson
(905) 530-2220