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AireSurf Networks Holdings Inc.: AireSurf Closes Private Placement

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^{Published in Business and Finance on Thursday, December 18th 2008 at 13:47 GMT by Market Wire}  

TORONTO, ONTARIO--(Marketwire - Dec. 18, 2008) - AireSurf Networks Holdings Inc. (CNSX:ANH) announces that further to its press release dated November 27, 2008, it has completed a private placement of 1,630,000 units at a price of $0.05 per unit for gross proceeds of $81,500. Each unit is comprised of one common share and one common share purchase warrant. Each warrant entitles the holder thereof to acquire an additional common share at a price of $0.10 for a period of two years following the closing of the offering. The proceeds of the private placement will be used for general working capital purposes.

Completion of the private placement is subject to regulatory approval, including satisfaction of the requirements of the CNSX.

Shares Outstanding: 49,017,596

The CNSX has not reviewed and does not accept responsibility for the adequacy of this release.