CALGARY, ALBERTA--(Marketwired - July 17, 2015) -

[NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES.]

RenoWorks Software, Inc. (TSX VENTURE:RW) ("RenoWorks") is pleased to announce that in response to investor demand, RenoWorks has increased its previously announced private placement (the "Private Placement"). RenoWorks now plans to issue 1,865,000 units (the "Units") to raise gross proceeds of $559,500.

In a June 2, 2015 press release, RenoWorks proposed to issue up to 1,666,667 Units at a price of $0.30 per Unit to raise gross proceeds of up to $500,000. Each Unit is comprised of one common share in the capital of RenoWorks (a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one Common Share at a price of $0.50 per Common Share at any time prior to 4:00 p.m. (Calgary time) on the date that is eighteen months following the closing date of the Private Placement. The closing of the Private Placement is subject to receipt of subscription agreements from suitable investors and receipt of TSX Venture Exchange approval.

About RenoWorks

RenoWorks Software Inc. develops and markets cutting edge visualization software and business growth tools for the remodeling and new home construction industries. RenoWorks software and web solutions use digital imaging to showcase interior and exterior building products on a picture of a customer's room, home, or blueprint. The software allows users to envision various 'before and after' design options using a database of actual manufacturer's products.

For more information, visit www.renoworks.com, or call 403-296-3880.

Forward-looking Information

This press release contains "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information is any information about RenoWorks that is prospective in nature, and often includes words such as "anticipates," "believes," "expects," "estimates," "intends," "plans," and words and terms of similar substance, in connection with discussions about RenoWorks's future operating or financial performance.

The forward-looking information in this press release includes disclosure about the terms and conditions of RenoWorks' Private Placement.

RenoWorks made certain material assumptions to develop the forward-looking information, including assumptions regarding future economic conditions and RenoWorks' courses of action.

Actual results may vary from the forward-looking information in this press release due to certain material risk factors. Certain of these risk factors are set out in more detail in RenoWorks' MD&A for the year ended December 31, 2014, which is available on RenoWorks' profile on the System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com.
RenoWorks assumes no obligation to update or revise the forward-looking information in this press release, unless it is required to do so under applicable securities legislation.

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."