Momentum Advanced Solutions Inc.

Momentum Advanced Solutions Inc.

September 12, 2008 10:28 ET

Momentum Renews Normal Course Issuer Bid

MARKHAM, ONTARIO--(Marketwire - Sept. 12, 2008) - Momentum Advanced Solutions Inc. (TSX:WWW), ("Momentum" or the "Company"), a leader in IT hosting and managed website services, today announced that it has received TSX approval to renew its normal course issuer bid. The new bid will commence on September 17, 2008 and allow the Company to purchase up to 2,500,000 common shares representing approximately 3.9% of its 64,245,577 issued and outstanding common shares or approximately 8.7% of its public float.

Momentum is renewing this bid as it continues to believe that its common shares have been trading at prices which do not adequately reflect their value in relation to its current business and future prospects. Since the commencement of the current normal course issuer bid on September 17, 2007, the Company has purchased and cancelled a total of 1,379,500 shares at an average cost of $0.17 per share.

The new normal course issuer bid will commence on September 17, 2008 and terminate on September 16, 2009 unless terminated earlier by the Company. Momentum may purchase up to 7,163 common shares each trading day representing 25% of the average daily trading volume of Momentum's common shares over the most recently completed six calendar months excluding purchases made by the Company. The Company may also make one block purchase per week subject to certain TSX rules. Purchases will be made on the open market by Momentum through the facilities of the TSX in accordance with the rules and policies of the TSX. The price that Momentum will pay for any such shares will be the market price of such shares on the TSX at the time of acquisition. Common shares purchased under the bid will be cancelled. PI Financial Corp will conduct purchases under the bid on behalf of the Company.

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.

Forward Looking Statements

This news release contains forward-looking information that 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, changes in markets and competition, technological and competitive developments and potential downturns in economic conditions generally. 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.

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