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Re: pj McMulligan post# 7883

Wednesday, 04/27/2011 2:18:02 PM

Wednesday, April 27, 2011 2:18:02 PM

Post# of 7915
Ariel Way Executes Payoff Agreement with YA Global

WASHINGTON, April 27, 2011 /PRNewswire via COMTEX/ -- Ariel Way, Inc., (pk:AWYI)
http://www.arielway.com, today announced that it has executed a payoff agreement
with YA Global Investments, L.P., (f/k/a Cornell Capital Partners, LP) and
Yorkville Advisors, LLC, its Investment Manager.

Pursuant to the Agreement, to be filed with SEC as a current report 8-K, the
Company offered to pay YA Global $400,000 on or before August 31, 2011, and
subject to the terms and conditions of the Agreement, YA Global agreed that this
shall be the payoff amount for all Series A Convertible Preferred Stock held by
YA Global on the payoff date. Further, upon the payoff, promissory notes at
$102,220 principal and accrued interest shall be forgiven and 425 million Warrant
Shares out of 500 million Warrant Shares issued to YA Global shall be cancelled.
The Company is obligated to reserve a total of 312 million shares in Treasury.

Arne Dunhem, Ariel Way Chairman, President and CEO said, "We are pleased with and
appreciate the efforts by the Yorkville Advisors team that has been willing to
work with us going forward and for a payoff arrangement that we believe is
beneficial for all parties including the Shareholders of Ariel Way. We believe
the arrangement will result in the lowest potential dilution for all Shareholders
and after the payoff, there will be no more dilution from the YA Global
investment."

About Ariel Way, Inc.

Ariel Way, Inc., a Florida corporation ("Ariel Way" or the "Company"), is a
technology and services company for highly secure global communications,
multimedia and digital signage solutions and technologies. The Company is focused
on developing innovative and secure technologies, acquiring and growing
profitable advanced technology companies and global communications service
providers and creating strategic alliances with companies in complementary
product lines and service industries.

More information about Ariel Way can be found on the web at
http://www.arielway.com.

Forward-Looking Statements: Certain of the statements contained herein may be,
within the meaning of the federal securities laws, "forward-looking statements,"
which are subject to risks and uncertainties that could cause actual results to
differ materially from those described in the forward-looking statements. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors that may cause the actual results, performance or achievements of
the Company to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. See the
Company's latest Form 10-KSB for a discussion of such risks, uncertainties and
other factors. Any forward-looking statements are made pursuant to the Private
Securities Litigation Reform Act of 1995 and, as such, speak only as of the date
made. These forward-looking statements are based on management's expectations as
of the date hereof, and the Company does not undertake any responsibility to
update any of these statements in the future.

SOURCE Ariel Way, Inc.

Copyright (C) 2011 PR Newswire. All rights reserved

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