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<p><b><font face="Arial Unicode MS" size="4">Press Release</font></b></p>

<p><i>SOURCE: Westsphere Asset Corporation, Inc.</i></p>

<p><b><font face="Arial">Wednesday August 25 2004</font></b></p>

<p><b>&nbsp;</b></p>

<b><font face="Arial Unicode MS" size="5"></font></b>
<p><b><font face="Arial Unicode MS" size="5">PRESS RELEASE</font></b></p>

<p><b><font face="Arial Unicode MS" size="4">Source: Westsphere Asset Corporation Announces the Appointment of Brett Border as
President and Chief Operating Officer of wholly owned subsidiary Vencash Capital Corporation.</font></b></p>

<p>Calgary Alberta, Canada August 25 2004. Mr. Brett Border as of this date has been appointed the President and Chief Operating
Officer of Vencash Capital Corporation.</p>

<p>Since March 01 2004, Mr. Border has been co-ordinating the reorganization of Vencash's distribution and marketing business model
in his role as Chief Operating Officer and will now focus as the President of Vencash on the consolidation of business operations
in Vencash with those of Trac P.O.S. Processing Inc. a majority controlled corporation of Westsphere Asset Corporation.</p>

<p>Keeping with Westsphere's business model of growth and acquisition and consolidation the Westsphere Board of Directors
previously announced its purchase of additional shareholders of Trac P.O.S. Processing Inc. to be the majority shareholder of
fifty-six (56) percent of the outstanding Trac shares.</p>

<p>Mr. Border is and has been the President of Trac for the past three years and will organize and implement the consolidation of
Vencash and Trac.</p>

<p>Mr. Borders banking experience and his demonstrated organizational abilities in bringing together Vencash's marketing and
distribution operation a swell as his experience in the point of sale operations will enhance and furthers Westsphere's focus of
providing alternative banking solutions.</p>

<p><font face="Arial Unicode MS">COMPANY OVERVIEW</font></p>

<p><font face="Arial Unicode MS">Westsphere Asset Corporation, Inc. (WSHA) is a leading financial holding company in Canada at the
forefront of point of sale and online computer banking.</font></p>

<p><font face="Arial Unicode MS">Currently, the Company has established a strong presence in the privately owned Canadian banking
sector including Automated Banking Machines (ABM), Point of Sale Machines (POS), Online Computer Banking (OCB) and eCommerce
transaction security and payment. Westsphere maintains and services an ABM network across Canada and is a full participating member
of the Canadian INTERAC Banking System.</font></p>

<p><font face="Arial Unicode MS">Financial Profile:</font></p>

<ul>
<li>CAPITALIZATION: 75,000,000 COMMON SHARES WITH NO PAR VALUE</li>

<li>SHARES ISSUED: 34,622,243</li>

<li>For further details, please refer to WSHA website</li>

<li>WSHA Symbol OTCBB</li>

<li><b>Transfer Agent:</b> Holladay Stock Transfer Inc.				</li>

<li>2939 North 67th Place						</li>

<li>Scottsdale, Arizona 85251</li>
</ul>

<p><font face="Arial Unicode MS">DISCLAIMER</font></p>

<p><font face="Arial Unicode MS">Forward-Looking Statements: This news release contains certain forward-looking statements. All
statements, other than statements of historical fact, included herein, are forward looking statements that involve various risks
and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements. Forward-looking statements are based on the estimates and
opinions of management on the date the statements are made, and WSHA does not undertake an obligation to update forward-looking
statements should conditions or management's estimates or opinions change.</font></p>

 <font size="3"></font>
<p><font face="Arial Unicode MS" size="3">2140 Pegasus Way N.E.</font></p>

<p><font face="Arial Unicode MS" size="3">Calgary, Alberta T2E 8M5</font></p>

<p><font face="Arial Unicode MS" size="3">Telephone: (403) 290-0264		Facsimile: (403) 290-1266</font></p>

<p><i><font face="Arial Unicode MS">SOURCE: Westsphere Asset Corporation, Inc.</font></i></p>

<p>&nbsp;</p>

<p>&nbsp;</p>
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Press Release
Press Release
SOURCE: Westsphere Asset Corporation, Inc.
Wednesday August 25 2004
PRESS RELEASE
Source: Westsphere Asset Corporation Announces the Appointment of Brett Border as
President and Chief Operating Officer of wholly owned subsidiary Vencash Capital Corporation.
Calgary Alberta, Canada August 25 2004. Mr. Brett Border as of this date has been appointed the President and Chief Operating
Officer of Vencash Capital Corporation.
Since March 01 2004, Mr. Border has been co-ordinating the reorganization of Vencash's distribution and marketing business model
in his role as Chief Operating Officer and will now focus as the President of Vencash on the consolidation of business operations
in Vencash with those of Trac P.O.S. Processing Inc. a majority controlled corporation of Westsphere Asset Corporation.
Keeping with Westsphere's business model of growth and acquisition and consolidation the Westsphere Board of Directors
previously announced its purchase of additional shareholders of Trac P.O.S. Processing Inc. to be the majority shareholder of
fifty-six (56) percent of the outstanding Trac shares.
Mr. Border is and has been the President of Trac for the past three years and will organize and implement the consolidation of
Vencash and Trac.
Mr. Borders banking experience and his demonstrated organizational abilities in bringing together Vencash's marketing and
distribution operation a swell as his experience in the point of sale operations will enhance and furthers Westsphere's focus of
providing alternative banking solutions.
COMPANY OVERVIEW
Westsphere Asset Corporation, Inc. (WSHA) is a leading financial holding company in Canada at the
forefront of point of sale and online computer banking.
Currently, the Company has established a strong presence in the privately owned Canadian banking
sector including Automated Banking Machines (ABM), Point of Sale Machines (POS), Online Computer Banking (OCB) and eCommerce
transaction security and payment. Westsphere maintains and services an ABM network across Canada and is a full participating member
of the Canadian INTERAC Banking System.
Financial Profile:
CAPITALIZATION: 75,000,000 COMMON SHARES WITH NO PAR VALUE
SHARES ISSUED: 34,622,243
For further details, please refer to WSHA website
WSHA Symbol OTCBB
Transfer Agent:
Holladay Stock Transfer Inc.
2939 North 67th Place
Scottsdale, Arizona 85251
DISCLAIMER
Forward-Looking Statements: This news release contains certain forward-looking statements. All
statements, other than statements of historical fact, included herein, are forward looking statements that involve various risks
and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements. Forward-looking statements are based on the estimates and
opinions of management on the date the statements are made, and WSHA does not undertake an obligation to update forward-looking
statements should conditions or management's estimates or opinions change.
2140 Pegasus Way N.E.
Calgary, Alberta T2E 8M5
Telephone: (403) 290-0264		Facsimile: (403) 290-1266
SOURCE: Westsphere Asset Corporation, Inc.