AireSurf Networks Holdings Inc.

AireSurf Networks Holdings Inc.

April 25, 2011 16:20 ET

AireSurf Announces Issuance of Common Shares for Debt

TORONTO, ONTARIO--(Marketwire - April 25, 2011) -AireSurf Networks Holdings Inc. (CSNX:ANH) (the "Company") announces that further to its press release of November 19, 2010, it has issued to various creditors of the Company an aggregate of 8,130,193 common shares in the capital of the Company, in accordance with the bankruptcy proposal (the "Proposal") made by the Company on September 22, 2010, and approved by the Ontario Superior Court of Justice in Bankruptcy and Insolvency on November 15, 2010. Risman & Zysman Inc., the Company's trustee in bankruptcy, will distribute the shares to the creditors of the Company who filed valid proof of claims in connection with the Proposal.

Shares Outstanding: 58,447,789

The CNSX has not reviewed and does not accept responsibility for the adequacy of this release.

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