Monday June 21, 2004
Press Release
SOURCE: Westsphere Asset Corporation, Inc.
Westsphere Asset Corporation Announces Purchase of 100% of E-debit International Inc. Outstanding Shares
CALGARY, Alberta, June 21, 2004-- Keeping with Westsphere’s business model of growth through consolidation, Westsphere Board of Directors announce today the acquisition of one hundred (100%) percent of the outstanding E-debit International Inc. shares. As stated in the Press Release of October 02, 2001, the remaining 10% purchase of E-debit International was fulfilled through a share transfer agreement with an E-Debit shareholder, Mr. Prathavan Venkatraman. This acquisition increases Westsphere’s share position from ninety (90%) percent to one hundred (100%) percent of the issued and outstanding voting shares of E-debit International Inc.
This acquisition further enhances and furthers Westsphere’s focus of providing alternative banking solutions.
COMPANY OVERVIEW
Westsphere Asset Corporation, Inc. is a holding company, with subsidiaries engaged in business activities focusing mainly on the non-conventional banking industry.
With a model of GROWTH THROUGH ACQUISITION, WSHA has significant potential through acquiring proven/or undervalued companies, reorganizing and maximizing their performance then consolidating their business activities with the existing business operations being conducted by WSHA subsidiaries.
Currently, the Company has established a strong presence in the privately owned non-conventional banking sector, ie: Automated Banking Machines (ABM) industry in Canada, and maintains and services an ABM network across Canada.
WSHA has subsidiaries involved in Financing and Leasing, Point of Sale Equipment Distribution, Property Development and Management, and Development of other non-conventional banking alternatives.
DISCLAIMER
Forward-Looking Statements: This news release contains certain forward-looking statements. All
statements, other than statements of historical fact, included herein, are forward looking statements that involve various risks
and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements. Forward-looking statements are based on the estimates and
opinions of management on the date the statements are made, and WSHA does not undertake an obligation to update forward-looking
statements should conditions or management's estimates or opinions change.
2140 Pegasus Way N.E.
Calgary, Alberta, Canada
T2E 8M5
Tel: +1-403-290-0264
Fax: +1-403-290-1266
SOURCE: Westsphere Asset Corporation, Inc.