November 06, 2005 13:50 ET

Battery And Wireless Solutions Inc. Announces New CEO And Other Corporate Matters

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 6, 2005) - The Board of Directors of Battery & Wireless Solutions Inc. (the "Company") (TSX VENTURE:BWS) wish to report several material changes with respect to its business activities. Over the past several months management of the Company conducted a major review of its business and strategic plans. It was determined that the core distribution business is solid and there exists new products and opportunities to expand the national distribution infrastructure and grow the business. In addition, there are new and emerging products in the wireless sector that have power requirements that fit the Company's operating plan. This analysis involved a detailed review of market segments, market sizes, current operations, capital requirements necessary to achieve established goals and the human resources available internally to realize on these opportunities.

With these considerations, two important strategic decisions were made as follows;

1) Effective immediately Michael Bartlett was appointed as Chief Executive Officer ("CEO") of the Company. Les Granholm continues in his role of President and assumed the role of Chief Operating Officer ("COO") effective on the same date. Brian Cameron continues in his role as Chief Financial Officer ("CFO"). The review of the operating strategies and plans was conducted by this management team and presented to the Board of Directors for approval. More details regarding business activities relating to this will be disclosed as they materialize.

2) Management reviewed its acquisitions strategies and specifically the proposed acquisition of TAC Mobility ("TAC"). The Company conducted its due diligence on TAC and as a result decided the acquisition was not consistent with its strategic and financial objectives and therefore will not proceed with the acquisition. The Company and its Board would like to express its appreciation to the management of TAC and to Telus for extending this opportunity to the Company.

Several other matters relating to the Company's affairs require clarification to shareholders, as follows:

a) On March 16 2005, the Company announced a $250,000 private placement of common shares at a price of $0.25 per share. The private placement did not close as other forms of conventional debt financings were completed.

b) Investor relations contracts entered into with Brad Moynes and Mike Tymo that were disclosed previously have expired and were not renewed.

c) Previously disclosed was a distribution agreement with Sensor Technologies & Systems, Inc. of Phoenix Arizona. The terms of this agreement have been broadened to provide for a performance-based exclusivity in Canada. There is no specific time limit attached to the performance obligation.

The Company is continuing the development of its 2006 Operating Plan, which will involve expanding the scope of the consolidated business through identification of market opportunities across a wide range of new and emerging power requirements for the wireless industry.

About Battery & Wireless Solutions Inc.

Battery & Wireless Solutions Inc. (TSXV: BWS) is Canada's largest independent distributor of battery and battery-related products. Through its core business units, Magnacharge Battery Corporation and Battery World Canada Corp., Battery & Wireless Solutions brings together the infrastructure needed to offer an efficient, nationwide distribution network that touches every type of customer from large-scale distributors to end-user consumers. It is the only company in Canada offering a comprehensive range of products that fulfills every battery need including industrial, automotive, deep-cycle, marine, motorcycle, portable devices and more, featuring Duracell, Delphi, Trojan, Johnson Controls and Panasonic as well as the Company's own branded line of batteries such as Magnacharge™, Giant™ and MagnaSolar™. For more information please visit

On behalf of the Board of Directors,


Les Granholm, President

Forward Looking Information

Certain statements in this release, other than statements of historical fact, are forward-looking information that involves various risks and uncertainties. These can include, without limitation, statements based on current expectations involving a number of risks and uncertainties related to all aspects of the industry. These risks and uncertainties include, but are not restricted to, continued increased demand for the Company's products and the Company's ability to attract and maintain key employees.

These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.

"The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release"

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