BATTERY & WIRELESS SOLUTIONS INC.

BATTERY & WIRELESS SOLUTIONS INC.

March 16, 2005 13:54 ET

Battery & Wireless Solutions Inc. Clarifications


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: BATTERY & WIRELESS SOLUTIONS INC.

TSX VENTURE SYMBOL: BWS

MARCH 16, 2005 - 13:54 ET

Battery & Wireless Solutions Inc. Clarifications

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 16, 2005) - The Board
of Directors of Battery & Wireless Solutions Inc. (TSX VENTURE:BWS) (the
"Company") wishes to announce by way of clarification several
administrative matters which by inadvertence were not previously
disclosed.

These matters are as follows:

a) On January 14, 2005, the Company's Board of Directors approved the
granting of additional stock options to Directors and investor relations
consultants. The granting of these options required that a press release
be issued disclosing same pursuant to Corporate Finance Policy 4.4
Section 2.11 of the TSX Venture Exchange. The Board now retroactively
announces that options totaling 4,000,000 were granted, 3,500,000 of
which were granted to Directors and employees and 500,000 to investor
relations' consultants, all at an option price of $0.10 per share. The
investor relations' consulting agreement was press released on January
19, 2005. The Company apologizes for any inconvenience that may have
been caused by this inadvertence.

b) The Company entered into an agreement with William Atkinson in his
role as interim President. The agreement commenced on July 1, 2003 for a
term of eighteen months, concluding December 31, 2004. The agreement was
terminated early on November 8, 2004. It provided that Mr. Atkinson
receive $10,000 per month and a total of $5,000 in shares issued at a
deemed price, being the closing price of the Company's shares on the
last trading day of each month during the currency of the contract. An
original application was made for 50% of the outstanding shares owed in
this part of the contract. The application should have been made for the
full amount. To this extent the Company has agreed to make a new filing
with the Exchange for the balance outstanding, being $41,333. The fee
will be settled at a deemed price of $0.20 per share resulting in the
issuance of a total of 206,665 shares of the Company. The Company will
file a new debt settlement agreement with the Exchange along with the
applicable fee. Mr. Atkinson's appointment as President was originally
press released on March 24, 2004.

c) A contact of the Company's, John McKeachie, was instrumental in
introducing the Company to S &T Holdings Ltd who subsequently completed
a $500,000 financing. The original filing regarding this transaction was
inappropriately made as a debt settlement insofar as Mr. McKeachie had a
finder's fee agreement with the Company that called for the issuance of
200,000 shares for acting as a finder in this transaction.. To this
extent, the Company is refiling on behalf of Mr. McKeachie as a finder
in this transaction for 200,000 shares of the Company. The Company will
file an appropriate finder's fee agreement and affidavits of the
Directors and S & T Holdings Ltd attesting to the relationship.

All of the forgoing are subject to the prior regulatory approval of the
TSX Venture 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, 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, motorcycle, portable
devices and more, featuring Duracell, Delphi, Trojan, Rayovac, and
Panasonic as well as the Company's own branded line of batteries such as
Magnacharge and Giant. For more information please visit www.bwsinc.com

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
    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