Pioneering Technology Announces Share Consolidation and Symbol Change

MISSISSAUGA, ONTARIO--(Marketwire - Sept. 18, 2008) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

PIONEERING TECHNOLOGY CORP. (the "Corporation") (TSX VENTURE:PTE) announces today, pursuant to TSX Venture Bulletin dated September 16, 2008, that it has consolidated its common shares on the basis of 10 old common shares for 1 new common share (the "Consolidation"). Pursuant to the Consolidation, the Corporation changed its name from "Pioneering Technology Inc." to "Pioneering Technology Corp." and changed its symbol from "PIO" to "PTE".

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.