SOURCE: Image Globe Solutions, Inc.

October 20, 2005 12:01 ET

Image Globe Solutions, Inc. to Acquire 15% of HFS Technology, Inc.

TORONTO -- (MARKET WIRE) -- October 20, 2005 -- Image Globe Solutions, Inc. (OTC: IGSS) today announced that it has entered into a Subscription Agreement with HFS Technology, Inc, ("HFS Tech") whereby Image Globe will acquire 15% of the issued and outstanding capital stock of HFS Tech. The Company anticipates that the transaction will be completed within forty five days.

HFS Tech is a supplier of In-Room Technology products and services to the Hospitality Industry and features a "No Cap Ex" offering to hotels. HFS Tech is a "one stop source" for technology products such as digital Video on Demand systems, LCD/Plasma High Definition (HD) televisions, surround sound systems, High Speed Internet Access and WiFi, and other products plus providing a live 24/7 technology service and support center for all services provided by the company.

Paul F. Barry, CEO of Image Globe Solutions, Inc., stated: "This new opportunity not only conforms to our corporate objective of bringing businesses and markets together but, in addition, the quality of HFS Tech clients offers the potential for significant additional revenues through our developing capital lease division."

Barry Gore, Chairman and CEO of HFS Tech, stated: "The hospitality industry is changing rapidly. Today's hotel guest wants the same amenities they have at home, but the ability to choose a hotel that provides Flat Panel LCD / Plasma High Definition TVs, connectivity to the internet on 32" and larger flat panel screens, digital video on demand systems with multiple content including video games, MS Office systems, music on demand, quality sound systems plus printing capabilities not only for computers but PDA, Blackberry's etc. We have created an integrated solution combining all of these features that can increases the Rev Par of the hotelier plus provide the technology solutions that guests seek."

Image Globe Solutions is a development stage company which continues to seek out and develop strategic initiatives and investments designed to bring the company ongoing multiple revenue streams. Current initiatives include its previously announced development plans for sub-prime credit leasing, and its strategic investment in Nanonize Cutting Tools Corporation.

Certain statements in this press release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.

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