SolutionInc Technologies Limited Announces Termination of Letter of Intent to Purchase Shares of Line 4 Communications Inc. and Pelatis BPO Solutions Inc.



    HALIFAX, Oct. 23 /CNW/ - SolutionInc Technologies Limited ("SolutionInc")
(TSX-VEN:STL) announced today that the previously announced Letter of Intent
to purchase all of the issued and outstanding shares of Line 4 Communications
Inc., from Armshore Investments Limited and 51% of the issued and outstanding
shares of Pelatis BPO Solutions Inc., from Pelatis BPO Limited has been
terminated upon the agreement of SolutionInc, Armshore Investments Limited and
Pelatis BPO Limited.

    About SolutionInc Limited

    SolutionInc Limited (SolutionInc) simplifies Internet connectivity.
SolutionInc's software system allows people with laptops to easily and
securely connect to the Internet from a hotel room, a convention center, or
any type of Wi-Fi hotspot. The system allows the property or broadband
provider to register users, to bill for service and show the user targeted
messages. The company provides software and services to the hospitality and
telecommunications industries. SolutionInc is recognized as one of the leaders
of Internet connectivity and hotspot management.
    SolutionInc Limited is a trademark and a wholly owned subsidiary of
SolutionInc Technologies Limited (TSX-VEN:STL). All other trademarks are the
property of their respective holders. For more information visit
www.solutioninc.com

    SolutionInc Disclaimer:

    Statements about the Company's future plans and intentions, results,
levels of activity, performance, goals or achievements or other future events
constitute forward-looking statements. Wherever possible, words such as "may,"
"will," "should," "could," "expect," "plan," "intend," "anticipate,"
"believe," "estimate," "predict," or "potential" or the negative or other
variations of these words, or other similar words or phrases, have been used
to identify these forward-looking statements. These statements reflect
Management's current beliefs and are based on information currently available
to Management. Forward-looking statements involve significant risk,
uncertainties and assumptions. Many factors could cause actual results,
performance or achievements to differ materially from the results discussed or
implied in the forward-looking statements. These factors should be considered
carefully and readers should not place undue reliance on the forward-looking
statements. Although the forward-looking statements contained in this press
release are based upon what Management believes to be reasonable assumptions,
the Company cannot assure readers that actual results will be consistent with
these forward-looking statements. These forward-looking statements are made as
of the date of this press release, and the Company assumes no obligation to
update or revise them to reflect new events or circumstances. Many factors
could cause the actual results, performance or achievements of the Company to
be materially different from any future results, performance or achievements
that may be expressed or implied by such forward-looking statements,
including: general economic and market segment conditions, competitor
activity, product capability and acceptance, international risk, currency
exchange rates, and technology changes. More detailed assessment of the risks
that could cause actual results to materially differ from current expectations
is contained in the Risk Assessment section of the Management Discussion and
Analysis for the three months and six months ended March 31, 2007.
    %SEDAR: 00008710E




For further information:

For further information: Media Contact: Natalie Doyle Oldfield, VP
Marketing, SolutionInc Limited, (902) 422-1647, ndoldfield@solutioninc.com

Organization Profile

SolutionInc Technologies Limited

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890