Blink Logic Completes the Sale of Convertible Debentures Having a Total Principal Amount of $522,200 in a Private Placement

Blink Logic Inc. (OTCBB: BLKL), the innovation leader in Software as a Service (SaaS) Business Intelligence (BI), today announced that it sold in a private placement to accredited investors Warrants and Debentures, due August 20, 2010, having an aggregate principal balance of $522,200 for $470,027 (before deducting expenses and fees related to the private placement). The Debentures are secured by the assets of the company and are convertible into shares of the Company’s common stock at a price of $1.05 per share subject to adjustment as provided in the Debentures. As part of the private placement, the Company also issued the investors Warrants to purchase up to 372,999 shares of the Company’s common stock at a price of $1.96 per share subject to adjustment in certain circumstances detailed in the warrants.

The securities sold by the Company in the private placement were not registered under the Securities Act of 1933, as amended (the "Securities Act"), and were sold in reliance upon exemptions from the registration requirements of the Securities Act pursuant to Regulation D promulgated under the Securities Act. Therefore, such securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933 and any applicable state securities laws. This press release does not constitute an offer to purchase any securities or a solicitation of an offer to sell any securities.

About Blink Logic Inc.

Blink Logic Inc. (OTCBB: BLKL) delivers SaaS BI solutions to customer-facing line-of-business executives in mid-market companies around the world. By sharing the software, hardware, maintenance and support costs across tens of thousands of customers, Blink Logic can deliver tremendous capability to its customers at a low monthly subscription price. In the past, the high cost and extensive customization involved in implementing 'twentieth century' BI has kept mid-market companies away from business intelligence. Now Blink Logic offers them a new class of secure internet-based solutions to connect their companies with their customers, prospects, partners and employees. Executives can put Blink Logic's "Do-test-do better" action model right to work, continuously increasing revenue, customer satisfaction and profitability. For more information, please visit www.blinklogic.com.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including those regarding Blink Logic Inc. and its subsidiaries' expectations, intentions, strategies and beliefs pertaining to future events or future financial performance. All statements contained herein are based upon information available to Blink Logic’s management as of the date hereof, and actual results may vary based upon future events, both within and without Blink Logic management's control. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Actual events or results may differ materially from those in the forward-looking statements as a result of various important factors, including those described in the Company's most recent filings with the SEC. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. The business and operations of the Company are subject to substantial risks which increase the uncertainty inherent in forward-looking statements. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements.