News

Powerstar to acquire Skyboard

June 28, 2007

CALGARY, Alberta — Powerstar International Inc., provider of wireless and digital signage solutions, has entered into a definitive agreement to acquire Skyboard Corp. of Calgary, Alberta. The purchase consideration is approximately four million, eight hundred thousand (4,800,000) common shares of Powerstar and fifty thousand dollars and twenty ($50,000) in cash. The acquisition is expected to close within a week and is subject to the approval of the TSX Venture Exchange. Skyboard operates six outdoor digital billboards in Alberta and has sales contracts for an additional twenty-two billboards across Canada. These billboards reach about fourteen million people each week. Skyboard has recently acquired High Point Media Ltd. of Edmonton, one of the largest and most experienced video billboard marketing companies in North America. This merger will leverage Skyboard's nine year history of designing and building LED displays with these acquired media service capabilities. Skyboard will operate as a wholly owned subsidiary of Powerstar and aggressively expand advertising display locations.

Powerstar is a provider of digital signage/communications networks for consumers, businesses and the U.S. government. Powerstar provides services under its Solutrea brand and companies. The company provides public Wi-Fi networks, digital signage, corporate communications and business television over wireless, satellite and terrestrial platforms.