Momentum Advanced Solutions Inc.

Momentum Advanced Solutions Inc.

April 21, 2009 18:42 ET

Momentum Announces Correction to Information Circular

MARKHAM, ONTARIO--(Marketwire - April 21, 2009) - Momentum Advanced Solutions Inc. (TSX:WWW), ("Momentum" or the "Company"), announced today that it has come to its attention that four pages of the English commercial print copy of the information circular (the "Circular") prepared and mailed to shareholders of the Company in connection with a special meeting scheduled to take place at 10:00 a.m. on April 29, 2009, were inadvertently omitted from such printed version. The last four pages of a schedule attached to Appendix "B" of the circular, being Schedule "A" to the arrangement agreement (the "Arrangement Agreement"), were omitted. The full text of the Arrangement Agreement, including Schedule "A" in its entirety, was posted on SEDAR ( on April 3, 2009. The corrected version of the Circular has been posted on SEDAR. The Company will send a complete copy of the Circular to any shareholder who so requests. Requests can be made by calling the Company at 905.881.4414.

Forward Looking Statement

This press release contains forward-looking information. All forward-looking information is based on management's best estimates and the current operating environment. Forward-looking information typically contains words such as "anticipate", "believe", "should", "may", "expect", "intend", "plan" or similar words suggesting future outcomes. These statements are based upon certain material factors or assumptions that were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking information, including Momentum's perception of historical trends, current conditions and expected future developments as well as other factors management believes are appropriate in the circumstances.

Such forward-looking information is as of the date hereof and is subject to a number of known and unknown risks, uncertainties and other factors which could cause actual results or events to differ materially from future results or events expressed, anticipated or implied by such forward-looking information. Such factors may include but are not limited to, the ability of the parties to complete the subject transaction in the time period and upon the terms anticipated or at all which is dependent upon, among other things, the parties ability to comply with the closing conditions contained in the Agreement, many of which are beyond the control of Momentum, third parties interest in Momentum and its business, general economic conditions, the state of the capital markets, performance of the market sectors that Momentum and the parties with potential interest in acquiring or entering into a strategic transaction with Momentum serve and other risks detailed from time to time in Momentum's filings with securities regulators. Therefore, actual outcomes and results may differ materially from those expressed in such forward-looking information. Readers are cautioned that such information may not be appropriate for other purposes. Other than as may be required by law, Momentum disclaims any intention or obligation to update or revise any such forward-looking information, whether as a result of new information, future events or otherwise.

About Momentum Advanced Solutions Inc.

Momentum is a leader in Web outsourcing services. Its solutions provide customers with the innovation, integration, and operational expertise needed to reduce costs and/or improve productivity by outsourcing their mission critical, web-based applications and infrastructure to Momentum. Headquartered in Markham, Ontario, Momentum has offices in Ottawa, Windsor, Calgary and Toronto. Momentum Advanced Solutions is publicly traded on the Toronto Stock Exchange and trades under the symbol WWW.

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