AireSurf Networks Holdings Inc.

AireSurf Networks Holdings Inc.
Coltrane Technologies Inc.

November 14, 2014 16:15 ET

Airesurf Networks Holdings Inc. and Coltrane Technologies Inc. Close Plan of Arrangement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 14, 2014) - Airesurf Networks Holdings Inc. ("Airesurf") and Coltrane Technologies Inc. ("Coltrane") are pleased to announce that on November 13, 2014, they completed a statutory arrangement under a plan of arrangement (the "Arrangement"). As a result of completing the Arrangement, Coltrane became a reporting issuer in Alberta.

On October 23, 2014, Airesurf and Coltrane entered into an Arrangement Agreement and Plan of Arrangement (the "Arrangement Agreement"). Completion of the Arrangement as set forth in the Arrangement Agreement was approved by unanimous consent resolutions of the shareholders of Coltrane Technologies Inc. and a final order granted by the Supreme Court of British Columbia on November 7, 2014 in accordance with Part 9 of the Business Corporations Act (British Columbia).

Pursuant to the Arrangement, the following principal steps were completed on November 13, 2014:

(a) Coltrane issued Airesurf 1,000,000 shares in Coltrane to Airesurf (the "Purchase Shares");
(b) Airesurf was added to the central securities register of Coltrane in respect of the purchase shares; and
(c) The Airesurf licensed Coltrane an interest in technology related to its wireless local area network (WLAN) amplifier.

Upon the Arrangement becoming effective on November 13, 2014, Coltrane became a reporting issuer in the jurisdiction of Alberta and had an issued and outstanding capital of 1,019,000 Common Shares. The CUSIP for the Common Shares of Coltrane is 197114101.

Coltrane was incorporated on September 16, 2014 and its fiscal year end is August 31.

About Coltrane

Coltrane is a growing information technology company which plans to develop its business around the WLAN technology it acquired through the Arrangement Agreement in British Columbia and Alberta. Coltrane is also in the process of evaluating related businesses for potential acquisition.

Forward-Looking Information:

This press release may include forward-looking information within the meaning of Canadian securities legislation. The forward-looking information is based on certain key expectations and assumptions made by the management of Noor and Medipure. Although the companies believe that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the companies cannot provide any assurance that it will prove to be correct. These forward-looking statements are made as of the date of this press release and the companies disclaim any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

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