BATTERY & WIRELESS SOLUTIONS INC.

BATTERY & WIRELESS SOLUTIONS INC.

January 07, 2005 13:24 ET

Battery & Wireless Solutions Inc. Announces 2005 Initiatives


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: BATTERY & WIRELESS SOLUTIONS INC.

TSX VENTURE SYMBOL: BWS

JANUARY 7, 2005 - 13:24 ET

Battery & Wireless Solutions Inc. Announces 2005
Initiatives

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 7, 2005) - The Board of
Directors of Battery & Wireless Solutions Inc. (the "Company") (TSX
VENTURE:BWS) is pleased to report that the fiscal year 2004 saw the
Company achieve many goals that will result in significant growth and
business opportunities in fiscal 2005.

Among these goals and perhaps the most significant is the Company's
commitment to initiate a national presence for Magnacharge Battery
Corporation. This will have the effect of securing better buying
relationships with manufacturers and will also result in increased sales
to the Company's national customers, who currently are only being
serviced on a regional basis. The realization of a completely
independent market channel for battery manufacturers in Canada
represents a unique and valuable business proposition. Additionally, as
the Company expands its Battery World formats into new markets it will
be able to leverage the physical distribution capabilities of
Magnacharge to more efficiently deliver products to geographically
dispersed markets. The Company and its directors look forward to
executing on this opportunity and to demonstrate growth and
profitability as a result.

The Company has recently hired a new controller whose job it will be to
manage all internal accounting, finance and administrative functions.
Mr. David Edmunds has over 15 years experience in his profession in
manufacturing and distribution environments and is already having a
significant impact on the administration of the core businesses.

The Company also announces that effective January 1, 2005, Brian
Cameron, currently a consultant to the Company and a member of the Board
of Directors, will assume the role of Chief Financial Officer. Mr.
Cameron is an accountant, with over twenty-five years experience in the
public markets and as a former regulator in British Columbia understands
the requirements incumbent upon public companies. Mr. Cameron is
intimately knowledgeable with respect to all of the Company's business
affairs and has worked closely with the CEO for over 9 years.

Effective December 31, 2004, Ms. Jennie Choboter is no longer with the
Company. The Company acknowledges the contributions made by Ms. Jennie
Choboter during her tenure and wishes her well with her future endeavors.

Continuing with the goal of strengthening both the Board and management,
the Company is presently reviewing a short list of candidates for an
addition to its independent and statutory Board. William Atkinson has
resigned as a director effective January 3, 2005.

Shareholders wishing additional information can visit the Company's
website at www.bwsinc.com or contact the Company's offices at (604)
525-0489.

About Battery & Wireless Solutions Inc.

Battery & Wireless Solutions Inc. (TSXV: BWS) is Canada's largest
independent distributor of battery and battery-related products. Through
its core business units, Battery & Wireless Solutions brings together
the infrastructure needed to offer an efficient, nationwide distribution
network that touches every type of customer from large-scale
distributors to end user consumers. It is the only company in Canada
offering a comprehensive range of products that fulfills every battery
need including industrial, automotive, deep-cycle, motorcycle, portable
devices and more. For more information visit http://www.bwsinc.com.

The Company's two core business units deliver an effective and
responsive distribution path from manufacturers to end-users. The
Company's expansive wholesale distribution channel, established by
Magnacharge Battery Corporation, supplies a wide range of
master-distributors, original equipment manufacturers (OEMs) and
resellers. Through its Battery World business unit, Battery and Wireless
Solutions is focused on commercial businesses and consumers through its
strategically located commercial/retail operations and a premier web
store at www.buyabattery.com. The Company's two ancillary business units
are Elm Industries Inc., a technology-based business unit and developer
of an award-winning battery protection device, and PeopleCauses.com
Inc., a community support initiative for non-profit groups.

On behalf of the Board of Directors,

BATTERY & WIRELESS SOLUTIONS INC.


Les Granholm, CEO


Forward Looking Information

Certain statements in this release, other than statements of historical
fact, are forward-looking information that involves various risks and
uncertainties. These can include, without limitation, statements based
on current expectations involving a number of risks and uncertainties
related to all aspects of the industry. These risks and uncertainties
include, but are not restricted to, continued increased demand for the
Corporation's products and the Company's ability to attract and maintain
key employees.

These uncertainties may cause actual results to differ from information
contained herein. There can be no assurance that such statements will
prove to be accurate. Actual results and future events could differ
materially from those anticipated in such statements. These and all
subsequent written and oral forward-looking statements are based on the
estimates and opinions of management on the dates they are made and
expressly qualified in their entirety by this notice. The Corporation
assumes no obligation to update forward-looking statements should
circumstances or management's estimates or opinions change.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Battery & Wireless Solutions Inc.
    Les Granholm
    CEO
    (604) 525-0489
    (604) 525-0392 (FAX)
    Website: www.bwsinc.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.