ADRENALINA
SymbolAENA

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Adrenalina Proposes to Acquire WEST 49 Inc. for $0.55 per Share

2009-05-04 10:48 ET - News Release

MIAMI, FL -- (MARKET WIRE) -- 05/04/09

Adrenalina (OTCBB: AENAE), a retail entertainment destination designed for extreme sports enthusiasts, today announced that it has submitted a proposal to the Board of Directors of WEST 49 Inc. (TSX: WXX) to enter into negotiations that will lead to the acquisition of WEST 49 Inc. for a price of 0.55 Canadian Dollars per share, consisting of a combination of cash and Adrenalina common stock.

Adrenalina's acquisition proposal represents a premium of 62% above the closing price of WEST 49 Inc. common shares of $0.34 on April 30, 2009, and is subject to WEST 49 Inc.'s Board and shareholders approval, execution of a definitive agreement, obtaining the requisite financing and certain other terms and conditions.

"Our offer of $0.55 per share represents a significant increase in value for WEST 49 Inc. stockholders. This action also represents our confidence that Adrenalina can reinvigorate WEST 49 Inc., by applying our innovative approach of fusing an exceptional product mix to an exciting entertainment destination," said Ilia Lekach, Chairman and CEO of Adrenalina.

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