Wireless Age Communications, Inc. (fka WLSA)

[EDWARD STEVENSON]

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.

This ties in with how Wireless Age will finance their stake in the project. As I've mentioned, it will be through stock of Newlook, that Wireless Age Communications, Inc. will controls following the "restructuring of debt".

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.
http://www.marketwire.com/press-release/Wireless-Age-Communications-Inc-PINK-SHEETS-WLSA-1016119.html