Wireless Age Communications, Inc.

Wireless Age Communications, Inc.
Azonic Corporation

January 14, 2005 08:47 ET

Wireless Age Communications, Inc. Acquires Additional Azonic Corporation Shares in Private Transaction


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: WIRELESS AGE COMMUNICATIONS, INC.

OTC Bulletin Board SYMBOL: WLSA

AND AZONIC CORPORATION

OTC Bulletin Board SYMBOL: AZOI

JANUARY 14, 2005 - 08:47 ET

Wireless Age Communications, Inc. Acquires Additional
Azonic Corporation Shares in Private Transaction

TORONTO, ONTARIO--(CCNMatthews - Jan. 14, 2005) - Wireless Age
Communications, Inc. (OTCBB:WLSA) today announced it acquired an
additional 400,000 Azonic Corporation (OTCBB:AZOI) common shares from
L&M Specialties Inc. in a private transaction.

Pursuant to the terms of the transaction Wireless Age will exchange
225,000 shares of its common stock for 400,000 Azonic Corporation common
shares. Wireless Age has agreed to grant piggyback registration rights
on the shares issued to L&M Specialties.

During fiscal 2004, Wireless Age acquired 4,460,000 common shares of
Azonic Corporation. After closing of this transaction Wireless Age will
hold 4,860,000 shares of Azonic representing an 18% equity position in
Azonic.

John Simmonds, Chief Executive Officer stated; "An opportunity presented
itself to increase our position in Azonic. I believe the Azonic
opportunity is extremely promising and I expect to realize an
exceptional return on the investment."

About Wireless Age Communication Inc.

Wireless Age Communications Inc. operates three Strategic Business Units
(SBUs). They consist of Wireless Age for the retail sector, Wireless
Source covering wholesale/distribution and Wireless Works is the
Company's networks and engineering division.

Wireless Age retail outlets market and sell next generation wireless
products and services. Wireless Source distributes prepaid phone cards,
wireless accessories, land mobile radios, batteries and ancillary
electronics products throughout North America. Wireless Works operates
broadband public access and private networks and develops and deploys
consumer and commercial products for use on those networks.

Wireless Age's retail operations (Wireless Age) are conducted through
its 94% owned subsidiary Wireless Age Communications, Ltd. Wholesale
operations (Wireless Source) are conducted through its wholly owned
subsidiaries Wireless Source Distribution Ltd., Marlon Distributors
Ltd., Prime Wireless Corporation and the A.C. Simmonds and Sons
operating division. Networks and engineering operations (Wireless Works)
are conducted through agreements with Knowlton Pass Electronics Inc. and
Maxtel Wireless Inc.

Wireless Age has an investment in Azonic Corporation which plans to
market low cost, wireless devices including cellular phones. One such
phone is designed to be located in glove boxes, first aid kits and
emergency supply packages and used for emergency purposes. Another is a
prepaid wireless phone designed to be used in the low cost and
short-term usage markets.

For additional information about Wireless Age Communications Inc. or its
subsidiaries, please visit our website at www.thewirelessage.com or
review our periodic filings with the Securities and Exchange Commission
at http://www.sec.gov.

This press release contains "forward-looking statements" as defined in
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are based on currently available competitive,
financial and economic data and management's views and assumptions
regarding future events. Such forward-looking statements are inherently
uncertain. Wireless Age Communications, Inc. cannot provide assurances
that the matters described in this press release will be successfully
completed or that we will realize the anticipated benefits of any
transaction. Actual results may differ materially from those projected
as a result of certain risks and uncertainties, including but not
limited to: global economic and market conditions; the war on terrorism
and the potential for war or other hostilities in other parts of the
world; the availability of financing and lines of credit; successful
integration of acquired or merged businesses; changes in interest rates;
management's ability to forecast revenues and control expenses,
especially on a quarterly basis; unexpected decline in revenues without
a corresponding and timely slowdown in expense growth; our ability to
retain key management and employees; intense competition and our ability
to meet demand at competitive prices and to continue to introduce new
products and new versions of existing products that keep pace with
technological developments, satisfy increasingly sophisticated customer
requirement and achieve market acceptance; relationships with
significant suppliers and customers; as well as other risks and
uncertainties, including but not limited to those detailed from time to
time in Wireless Age Communications, Inc.'s SEC filings. Wireless Age
Communications, Inc. undertakes no obligation to update information
contained in this release. For further information regarding risks and
uncertainties associated with Wireless Age Communications, Inc.'s
business, please refer to the risks and uncertainties detailed from time
to time in Wireless Age Communications, Inc.'s SEC filings.
Source: Wireless Age Communications, Inc.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Wireless Age Communications, Inc.
    John Simmonds
    Chairman & C.E.O.
    (905) 833-0808 ext 223
    (905) 833-6942 (FAX)
    or
    Martin E. Janis & Company, Inc.
    Beverly Jedynak
    (312) 943-1100 ext. 12