LAS VEGAS, March 15, 2010 (GLOBE NEWSWIRE) -- Pay By The Day Holdings,
Inc. (OTCBB:PBDH) is pleased to announce that it has entered into a
non-binding letter of intent to acquire all of the assets of Grail
Semiconductor and exclusive rights to a number of other cutting edge
independent innovative technologies. These acquisitions are subject to
the due diligence of all signatories and the negotiation and execution
of definitive agreements. Such agreements will be subject to certain
conditions including the raising of funds to pursue the Company's new
business model. In accordance with the letter of intent, the Company
will undertake an immediate name change to Oteegee Innovations Inc. and
proceed with a 10 for 1 forward split of the Company's issued and
outstanding common shares.

"This is a very exciting time for Pay By The Day and we believe we are
partnering with some of the most remarkable innovators in North
America," commented Jordan Starkman, CEO of Pay By The Day Holdings.
"We look forward to completing the acquisition and executing our new
growth initiatives to increase shareholder value by answering the
world's crucial technological challenges."

The targeted assets include the following.

Grail Semiconductor Assets:

The Company will acquire the Quantum Inductive Capacitance technology
(QIC Chip) of Grail Semiconductor including the exclusive right to
pursue claims against various chip manufacturers. (Patent No.
US6,642,552)

QIC-Chips:


  --  combine the functions of SRAM, DRAM, and FLASH
  --  operate at speeds faster than SRAM
  --  have density comparable to or better than DRAM
  --  are non-volatile and more stable than FLASH
  --  achieve manufacturing cost advantages comparable to or better than DRAM




QIC Chip Products:


  --  Embedded QIC Memory IP Cores
  --  Pin compatible QIC Flash Chips
  --  QIC Solid State Drives (SSDs)




3D Technology

The inventor of the QIC Chip is developing a hardware and software
platform to deliver real-time high-resolution rendering of 3D
characters and backgrounds. This technology is to be utilized for
myriad high intensity 3D rendering applications including medical
scanning.

Energy

Concentrating Solar Collector: A scalable and highly durable
stand-alone unit that is designed to be more efficient and less costly
than parabolic trough collectors and contemporary solar water heating
panels. Unlike photo-voltaic (PV), this resilient technology does not
use semiconductors which degenerate over time. (Patent pending)

Thermo-Electric Generator: A frictionless generator scalable for
private homes, factories and power plants, designed to produce
grid-compatible A.C. electricity without the cost of an inverter;
without consuming water or requiring cooling, and more efficiently and
cost effectively than current generators. (Patent in preparation)

Concentrating Solar Power (CSP) System: The Oteegee Solar Collectors
and Thermo-Electric Generators are designed to integrate seamlessly to
achieve any desired output capacity, including large power plants. In
addition to selling systems, Oteegee plans to establish and operate
many small decentralized power plants throughout the world that sell
electricity to power companies and consumers. (No separate patent
necessary)

Hydrogen Generator: A ground-breaking technology designed to create
hydrogen from any water source, including ocean and grey water. It can
be powered by Oteegee's CSP system or any power source, to generate and
store hydrogen for on-demand electricity during dark hours, and for
automotive fuel. (Patent pending)

Water

Water Generator: A unit employing a design innovation on the Hydrogen
Generator that enables small and large scale water desalination and
reclamation at a fraction of current costs. This breakthrough
technology does not involve reverse osmosis or any other current
desalination technology. (Patent in preparation)

Sea Water Mining: Rather than returning concentrated brine to the sea,
Oteegee plans to mine the processed water for pure sea salt, high
potassium fertilizer and rare earth minerals.

Natural Health

The Company will have exclusive rights to proprietary health products
and services that combine cutting edge science and natural medicine.
The Company will also acquire a unique new technology that allows
organic materials to be processed without oxidation or physical damage
to the delicate nutrient complexes, allowing the creation of low cost
natural organic super-foods and basic foodstuffs (such as powders and
oils) that have long shelf lives without added preservatives. (Patent
in preparation)

Bob Stern, CEO of Grail Semiconductor, stated, "Our new business
structure is a significant advancement in the way disruptive
innovations can be brought to the world for the benefit of humankind.
The broad range of "oteegee" power, water, health and education
technologies together with public and private financing and adept
global management will open new vistas and exciting opportunities for
the merged companies, their shareholders, and the world at large."

The Pay By The Day Holdings, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7216

Forward-looking Statements:

This press release contains certain "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995, as
amended. Such statements may be preceded by the words "intends," "may,"
"will," "plans," "expects," "anticipates," "projects," "predicts,"
"estimates," "aims," "believes," "hopes," "potential" or similar words.
Forward-looking statements are not guarantees of future performance,
are based on certain assumptions and are subject to various known and
unknown risks and uncertainties, many of which are beyond the company's
control, and cannot be predicted or quantified and consequently, actual
results may differ materially from those expressed or implied by such
forward-looking statements. Such risks and uncertainties include, but
are not limited to: general economic and business conditions; our
business strategy for expanding our presence in our industry;
anticipated trends in our financial condition and results of operation;
the impact of competition and technology change; existing and future
regulations affecting our business; and other risks and uncertainties
discussed in the reports the company files from time to time with the
Securities and Exchange Commission. The company does not undertake to
publicly update or revise its forward-looking statements as a result of
new information, future events or otherwise.


CONTACT:  Pay By The Day Holdings, Inc.
          Jordan Starkman, Chief Executive Officer
          1-800-854-7970