AireSurf Networks Holdings Inc.

AireSurf Networks Holdings Inc.

April 10, 2006 15:27 ET

Airesurf Announces Appointment of Director

TORONTO, ONTARIO--(CCNMatthews - April 10, 2006) - Airesurf Networks Holdings Inc. (CNQ:AIRE) is please to announce that Robert McGowan has been appointed to it board of directors.

In addition, further to its press release of December 8, 2005, the Company continues to raise funds for the further development of its wireless booster products. In March a private placement of 315,000 units of the Company was completed at a price of $0.10 per unit for aggregate gross proceeds of $31,500. Each unit is comprised of one class A voting share and one class A voting share purchase warrant. Each warrant entitles the holder thereof to acquire an additional class A voting share at a price of $0.15 until June 10, 2007. The Company will continue to raise funds for the purpose of creating a prototype of its wireless booster products.

Spark Innovations Inc. has been retained by the Company to complete the prototype of its wireless booster product. Management anticipates having a completed prototype by the end of April, 2006. Upon the completion the Company will apply for FCC approval of the product. Management anticipates that FCC approval will require a further 60 days.

Shares Outstanding: 26,576,328

Contact Information

  • Airesurf Networks Holdings Inc.
    Mr. Paul Brent
    (416) 368-9411
    (416) 861-0749 (FAX)