QWIKF Qwick Media Inc (CE)

VANCOUVER, June 1, 2011 /PRNewswire/ - Qwick Media Inc. (the "Company") (OTCQB: QWIKF), announces that, on May 30, 2011, the Company closed a private placement consisting of the issuance of 3,010,000 common shares at US$0.20 per share for gross proceeds of $602,000. The Company intends to use the net proceeds of the private placement to further the advancement of the production and marketing of its interactive micro-broadcasting systems.

The Company also announces that it closed a debt settlement agreement with International European Realty Limited ("IERL"), whereby 1,378,915 common shares were issued to IERL to settle an outstanding amount equal to US$275,783.

SOURCE Qwick Media Inc.