Wi2Wi Enters Into Shares for Debt Settlements

Toronto, Ontario (FSCwire) - Wi2Wi Corporation ("Wi2Wi" or the "Company") is pleased to announce that it has entered into agreements to issue shares to settle an amount of $700,000 owed to holder of previously issued debt securities and an amount of $79,950.83 owed to a service provider.  Wi2Wi will be issuing 7,000,000 common shares at a deemed price of $0.10/share in settlement of the above-noted amount owed to debt securities holders and 444,171 common shares at a deemed price of $0.18/share in settlement of the above-noted amount owed to a service provider. The issuance of these common shares is subject to approval of the TSX Venture Exchange.

Wi2Wi is a leader in industrial‑class WiFi, WiFi‑Bluetooth and GPS system‑in‑a‑package (SiPs).  Wi2Wi focuses on industrial (including Automotive), medical, infrastructure (including smart‑home/smart building) and government markets worldwide. Wi2Wi’s products and value-added services provide highly integrated, multifunctional wireless sub‑systems as complete wireless connectivity solutions for the Machine‑to‑Machine (M2M) and portable device applications globally.  The Wi2Wi product range is designed for long life under a wide range of temperature variables.

For further information, please contact:

Prakash Hariharan

Vice Chairman & Interim CEO

416-861-2965

prakash.hariharan@wi2wi.com

Forward-Looking Statements:  This news release contains certain forward-looking statements, including management's assessment of future plans and operations, and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Such risks and uncertainties include, without limitation, risks associated with delays resulting from or inability to obtain required regulatory approvals, ability to access sufficient capital, the impact of general economic conditions in Canada, the United States and overseas, industry conditions, stock market volatility. The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Company will derive there from. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect the Company’s operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com). 

Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking statements and if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law.  All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

TSX-V: YTY

Common Shares: 84,511,140

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