H2O ENTERTAINMENT CORP.

H2O ENTERTAINMENT CORP.

March 22, 2005 16:48 ET

H2O Entertainment Corp: Corporate Update


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: H2O ENTERTAINMENT CORP

NEX BOARD SYMBOL: HTO.H

MARCH 22, 2005 - 16:48 ET

H2O Entertainment Corp: Corporate Update

CALGARY, ALBERTA--(CCNMatthews - March 22, 2005) - H2O Entertainment
Corp (TSX VENTURE:HTO.H) announces that a control group of company
insiders has entered into an agreement with certain third parties to
purchase shares beneficially owned by the control group. The agreement
is contingent on the buyer's ability to forward sufficient funds to an
escrow agent. To-date, sufficient funds have not been advanced to bind
this agreement between the buyers and the sellers.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    H2O Entertainment Corp
    Michael Tam
    President
    (403) 860-8866
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.