PsiNaptic Inc. files audited annual financial statements

    CALGARY, Feb. 19 /CNW/ - PsiNaptic Inc. ("PsiNaptic") (NEX: PST.H) is
pleased to announce that it has filed on SEDAR its audited annual financial
statements and related management's discussion and analysis (MD&A) for the
year ended September 30, 2008 (the "Annual Financial Statements"), and its
unaudited first quarter interim financial statements and MD&A for the period
ended December 31, 2008.
    PsiNaptic is also applying for the full revocation of the cease trade
orders issued by the Alberta Securities Commission and the British Columbia
Securities Commission dated February 4, 2009 and February 6, 2009,
respectively (collectively, the "CTOs"). The CTOs were issued in connection
with PsiNaptic's delay in filing its Annual Financial Statements, and prohibit
trading in the securities of PsiNaptic until such time that the Annual
Financial Statements are filed and the CTOs are revoked.

    About PsiNaptic Inc.

    PsiNaptic is a technology company that develops and markets software
based on open standards to address the growing need to connect small,
low-power wired or wireless devices without human intervention, configuration
or set up. PsiNaptic solutions operate on multiple platforms, across various
networks including Bluetooth and WiFi.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy and accuracy of this release.

For further information:

For further information: Aaron Dagan, President and CEO, Telephone:
(403) 830-5957, E-mail:, Web site:

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