Sync2 Networks Corp.
OTC Bulletin Board : SYNW

Sync2 Networks Corp.

February 23, 2010 08:00 ET

Sync2 Networks' Shares for Debt Settlement and Stock Incentive Plan for Directors and Employees

LAS VEGAS, NEVADA--(Marketwire - Feb. 23, 2010) - Sync2 Networks Corp. (OTCBB:SYNW) As part of its restructuring program, the company is implementing a Shares for debt settlement and a Stock Incentive Plan for Directors and Employees.

Sync2 Networks' Board of Directors appoints Mr. Ron Houle as a Director.

The Board also approved a shares for debt settlement to shareholders for their cash contributions. The shares issued for debts are 24,402,125 bringing the issued total share capital to 110,252,125.

The Board of Directors also approved a Stock Incentive Plan for Directors and Employees that provides flexibility in the future to set stock options that reward employees and directors based on performance criteria established by the Board.

About Sync2 Networks Corp.

Sync2 Networks is an online business development firm, which develops online gaming and advertising applications. Sync2 also has a worldwide network of international marketing and business development agents in over 20 countries to sell and market its applications and to build, maintain and market their online business. For more information see www.sync2networks.com.

Legal Notice Regarding Forward Looking Statements

This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.

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