Look Communications Inc. has entered into a securities purchase agreement to which the company has agreed to acquire all of the outstanding shares of Sunwave Gas & Power Inc. Contemporaneously with the completion of the transactions, Mark J. Lewis, Chief Executive Officer of OZZ Clean Energy Inc., the parent company of Sunwave, will be appointed Chief Executive Officer of Look, and Robert Weir, President of Sunwave, will be appointed Chief Operating Office of Look. In addition, Stanley H. Hartt and Stephen J.J. Letwin will be appointed to the Look board as independent directors and two of Look's existing independent directors will continue as directors. It is anticipated that C. Fraser Elliot, Look's Chief Financial Officer, will continue in his role following completion of the transaction.

Subject to the satisfaction or waiver (where permitted) of all applicable conditions, it is anticipated that the closing of the Transactions will occur late in or about June, 2013.