AireSurf Networks Holdings Inc.

AireSurf Networks Holdings Inc.

June 19, 2008 17:22 ET

AireSurf Announces Proposed Private Placement

TORONTO, ONTARIO--(Marketwire - June 19, 2008) - AireSurf Networks Holdings Inc. (CNQ:AIRE) announces a proposed private placement of up to 2,000,000 units of the Company at a price of $0.05 per unit for gross proceeds of up to $100,000. Each unit is to be comprised of one share and one common share purchase warrant. Each warrant entitles the holder thereof to acquire an additional common share at a price of $0.10 for a period of two years following the closing of the offering. The proceeds of the private placement will be used for general working capital purposes.

Completion of the private placement is subject to regulatory approval, including satisfaction of the requirements of the CNQ.

Shares Outstanding: 43,714,386

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

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