Fireswirl Technologies Inc.
TSX VENTURE : FSW

Fireswirl Technologies Inc.

October 26, 2007 16:45 ET

Tony Lau Announces Acquisition of Common Shares of Fireswirl Technologies Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 26, 2007) - Tony Lau, the Chairman and Chief Technology Officer of Fireswirl Technologies Inc. ("Fireswirl") (TSX VENTURE: FSW) announced today that, in connection with the acquisition (the "Acquisition") by Profit Star Investments Limited (the "Corporation") of 3,350,000 common shares in the capital of Fireswirl (the "Purchased Shares") pursuant a share purchase agreement among Tony Lau, the Corporation and a shareholder of Fireswirl dated October 11, 2007 (the "Purchase Agreement"), Tony Lau, as the sole shareholder of the Corporation, has acquired beneficial ownership and control over the Purchased Shares representing 13.3% of the issued and outstanding common shares of Fireswirl. The Purchased Shares consist of 1,038,058 freely tradable common shares and 2,319,942 common shares which are held in escrow pursuant to an escrow agreement dated May 18, 2006 among Fireswirl, Computershare Trust Company of Canada and certain shareholders of Fireswirl. Together with the 4,646,840 common shares of Fireswirl owned by Mr. Lau prior to the Acquisition, Mr. Lau owns or exercises control over a total of 7,996,840 common shares in the capital of Fireswirl, representing approximately 31.7% of the issued and outstanding shares of Fireswirl.

Mr. Lau is issuing this press release pursuant to the requirements of National Instrument 62-103.

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

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