BATTERY & WIRELESS SOLUTIONS INC.

BATTERY & WIRELESS SOLUTIONS INC.

March 01, 2005 17:56 ET

Battery & Wireless Solutions Inc. Announces Over Subscription of Private Placement


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: BATTERY & WIRELESS SOLUTIONS INC.

TSX VENTURE SYMBOL: BWS

MARCH 1, 2005 - 17:56 ET

Battery & Wireless Solutions Inc. Announces Over
Subscription of Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 1, 2005) - The Board
of Directors of Battery & Wireless Solutions Inc. (the "Company") (TSX
VENTURE:BWS) wishes to announce that it has received an
over-subscription to the previously announced and closed $300,000
Private Placement. Management intends to accept this additional sum of
$25,000 under identical terms of the previously announced Private
Placement.

Additionally, Management intends to close its Limited Partnership
offering on March 7, 2005. The Company intends, subject to Regulatory
approval, to pay a finder's fee in respect of funds secured to complete
the Limited Partnership offering on conditions in accordance with, and
subject to, Exchange rules and policies. Battery & Wireless Solutions
proposes to pay this fee on the aggregate remaining balance to be sold
of approximately $1 million, according to the graduated scale permitted
by the Exchange.

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, 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, motorcycle, portable
devices and more. For more information visit http://www.bwsinc.com The
Company's two core business units deliver an effective and responsive
distribution path from manufacturers to end-users. The Company's
expansive wholesale distribution channel, established by Magnacharge
Battery Corporation, supplies a wide range of master-distributors,
original equipment manufacturers (OEMs) and resellers. Through its
Battery World business unit, Battery and Wireless Solutions is focused
on commercial businesses and consumers through its strategically located
commercial/retail operations and a premier web store at
www.buyabattery.com. The Company's two ancillary business units are Elm
Industries Inc., a technology-based business unit and developer of an
award-winning battery protection device, and PeopleCauses.com Inc., a
community support initiative for non-profit groups.

On behalf of the Board of Directors,

BATTERY & WIRELESS SOLUTIONS INC.

Les Granholm, President & CEO


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.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Battery & Wireless Solutions Inc.
    Les Granholm
    (604) 525-0489
    (604) 525-0392 (FAX)
    Email: les_g@bwsinc.com
    Website: www.bwsinc.com
    or
    Linear Capital Corp.
    Tony Croll
    (514) 399-9952 or 1-877-600-6001
    Email: tcroll@linearcapital.com
    Website: www.linearcapital.com
    "The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release"