BB's Stock Haven

[EDWARD STEVENSON]

WLSA ~ Wireless Age Communications, Inc. valuation.

Critical Overview.
Some key things to keep in mind:

The acquisition is non-dilutive.
The Company has agreed to acquire the USA Rights and control of Sunbay Port Hope in exchange for seven million five hundred thousand (7,500,000) common shares of Newlook Industries Corp ("Newlook") and approximately $270,000 US in cash and forgiveness of debt.

Note that management also commented on finalizing the cancellation of Newlook's restricted stock in Wireless Age(as per their last release). The resulting issued and outstanding count would be 27,600,000.
We also expect that Wireless Age and Newlook will complete our previously announced restructuring of debt.

A due name change is on management's short list to reflect their pursuits in this sector.
as well as a name change for Wireless Age.

Also keep in mind that Simmonds is emphasizing that this is one among several projects Wireless Age is pursuing. They acquire majority interest in Sunbay Port Hope but do not limit themselves to plasma gasification opportunities in Canada, let alone the province of Ontario. Notice the frequent mention of United States rights ...

Cream of the crop: The Port Hope project alone should provide Wireless Age with over $2M in net income. This figure may be used to derive EPS, a crucial fundamental measurement. $2,000,000 in net income/27,600,000 issued and outstanding = $0.0724 EPS.

Diversified Utilities has an average P/E ratio of 9.5
http://biz.yahoo.com/p/913conameu.html

Therefore $0.0724 EPS x 9.5 P/E = $0.69 valuation based solely on the Sunbay Port Hope project.

Remember: Wireless Age has voiced intent in announcing various other United States based projects as well. Additional net income leads to additional earnings per share (EPS), which leads to a higher valuation.

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Wireless Age to Enter Plasma Gasification Sector.

TORONTO, ONTARIO, Jul 22, 2009 (MARKETWIRE via COMTEX) -- Wireless Age Communications, Inc. (PINK SHEETS: WLSA), ("Wireless Age" or "the Company") announced today that it has entered into a letter of intent with PowerPlay Energy Corp. ("PowerPlay") and Sunbay Energy Corp. ("Sunbay") to acquire the exclusive rights to develop Sunbay plasma gasification opportunities in the United States of America (the "USA Rights") and to acquire 60% of the issued and outstanding shares of Sunbay Port Hope Inc. ("Sunbay Port Hope"). Closing of the transaction is scheduled for July 31, 2009.
The Company has agreed to acquire the USA Rights and control of Sunbay Port Hope in exchange for seven million five hundred thousand (7,500,000) common shares of Newlook Industries Corp ("Newlook") and approximately $270,000 US in cash and forgiveness of debt. The Company will also enter into a management services agreement with PowerPlay to utilize the expertise of Mr. Jordan Oxley and his team. Mr. Oxley has over 7 years experience in clean energy development and he will become an integral part of the Wireless Age management team moving forward.

Sunbay Port Hope was organized to pursue a Sunbay biomass plasma gasification project in Port Hope, Ontario, Canada. Sunbay has entered into an exclusive developer agreement with Europlasma SA for Canada.

John G. Simmonds, CEO of Wireless Age stated; "We believe that renewable energy projects are extremely timely and will generate above average returns for shareholders. The Port Hope biomass project has been funded by Newlook, our controlling shareholder so we're well aware of what's necessary to make that project a success. We are in final stage discussions with potential new business partners and we plan to make known our plans for the United States market shortly. We also expect that Wireless Age and Newlook will complete our previously announced restructuring of debt as well as a name change for Wireless Age. The Port Hope project alone should provide Wireless Age with over $2M in net income once it is operational."

http://www.marketwire.com/press-release/Wireless-Age-Communications-Inc-PINK-SHEETS-WLSA-1020384.html

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Wireless Age in Discussions on Loan Repayment.

TORONTO, ONTARIO, Jul 13, 2009 (Marketwire via COMTEX) -- Wireless Age Communications, Inc. ("Wireless Age")(PINK SHEETS:WLSA) and its controlling shareholder Newlook Industries Corp. ("Newlook")(TSX VENTURE:NLI) announced today they are in discussions with respect to the terms and conditions of debt repayment between the two parties.
Pursuant to the discussions, Newlook, subject to regulatory approval, will transfer approximately 30 million common shares of Wireless Age and 2 million common shares of Newlook to Wireless Age in exchange for debt reduction. Such shares of Wireless Age will be returned to treasury.

In a related transaction, Newlook has agreed to transfer all of the issued and outstanding common shares of its wholly-owned subsidiary Grandvue Inc. ("Grandvue") and its interest in an 18% secured convertible promissory note issued by Function Mobile Inc. to Gamecorp Ltd. ("Gamecorp")(CNSX:GGG), a related party, in exchange for 2 million Newlook common shares held by Gamecorp. Gamecorp is a related party due to its ownership of approximately 18% of Newlook and certain common officers and directors. Grandvue has provided equipment lease financing to IAG Peru S.A.C., a related party to Newlook, Gamecorp and Wireless Age, by virtue of common officers and directors with its parent InterAmerican Gaming, Inc. (OTCBB:IAGM).

The terms and conditions of the debt reduction have not been finalized at this time; however the final terms and conditions will have to be approved by disinterested directors of Newlook and Wireless Age. The transaction is also subject to regulatory approval and the approval of the full Newlook and Wireless Age boards of directors.

John G. Simmonds, CEO of Wireless Age stated; "We believe it is in the best interests of all concerned to sever the ownership of Wireless Age by Newlook. Newlook will return to the Company all remaining shares in Wireless Age and Wireless Age will cancel the returned shares thereby reducing the issued and outstanding from approximately 57.6 million to approximately 27.6 million. With the two million Newlook shares obtained in this transaction, Wireless Age will own approximately 16% of Newlook. Following this proposed transaction there will likely remain a residual debt balance that we hope to resolve on a mutually satisfactory basis shortly."