AireSurf Networks Holdings Inc.

AireSurf Networks Holdings Inc.

May 16, 2008 10:27 ET

AireSurf Reduces Low-End Noise on WiFi Booster

TORONTO, ONTARIO--(Marketwire - May 16, 2008) - Over the last four months, management of AireSurf Networks Holdings Inc. (CNQ:AIRE) has worked diligently to resolve the low-end noise problem that was delaying the FCC approval of its WiFi Booster.

Management hired one of the country's leading RF (radio frequency) consulting firms to identify and resolve the low-end noise issue. The consulting firm and their experts identified a number of ways to reduce the low-end noise. Management has agreed with and has instructed the firm to implement these recommendations.

Management also agreed with the consulting firm's recommendation to upgrade the chip set and utilize a 4-layer board technology. This will have the added benefit of:

- Further reducing overall noise.

- Improving power efficiency

- Ensuring a higher degree of signal integrity

- Enhancing the overall image of the AireSurf Booster by utilizing an up-to-date technology set.

Management expects to have the first batch of boards completed by the end of May with units going to the FCC for final approval in June.

This press release contains certain forward-looking statements, which are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected. AireSurf undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

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