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<META NAME="date" CONTENT="10/31/2007">
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<P style="margin-top:5.65pt; margin-bottom:5.65pt; line-height:15.5pt; font-family:Arial Unicode MS; font-size:13.5pt"><B>Press Release</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><I>SOURCE: Westsphere Asset Corporation, Inc.</I> </P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt"><B>Wednesday October 31 2007</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt">PRESS RELEASE<FONT FACE="Arial"> </FONT></P>
<P style="margin-top:5pt; margin-bottom:5pt; line-height:15.5pt; font-family:Arial Unicode MS; font-size:13.5pt"><B>Source: Westsphere Asset Corporation</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">Calgary Alberta, Canada <B>Westsphere Asset Corporation today</B> announces<B> </B>that </P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">Westsphere<B> </B>Systems Inc. a subsidiary of Westsphere Asset Corporation has </P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">selected BASE24&#174; and ACI Worldwide, a leading international provider of software for </P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">electronic payment systems to enable Westsphere to become a new ATM/POS </P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">acquirer in the Canadian market. &nbsp;The solution will operate in an ACI On</P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">Demand&#8482; hosted services environment. &nbsp;With an initial deployment of </P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">1,500 devices nationwide, Westsphere plans to leverage their On Demand </P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">solution and expand their network over time.</P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&#8220;ACI is a leader in the Canadian market among Interac members,&#148; said</P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">Doug Mac Donald, President and CEO of Westsphere Asset Corporation. &nbsp;&#147;After </P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">Extensive research, we chose ACI based on the company&#146;s experience, </P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">expertise and unique ability to provide the functionality we need to service our </P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">customers.&#148;</P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;ACI On Demand will allow Westsphere to use ACI&#146;s world-class payments</P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">software through a hosted solution arrangement in which ACI will configure</P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">and host a unique copy of its software to meet Westsphere&#146;s needs. </P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; text-indent:18pt; line-height:14pt; font-family:Arial; font-size:12pt">Mac Donald continued, &#147;These are changing times in the Canadian electronic </P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">payments business and we are very pleased that we have this association with </P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">the premier and best in class provider of software for electronic payment </P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">systems not only in Canada but North America and Internationally. &nbsp;&nbsp;By </P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">partnering with ACI, we have partnered with the largest supplier of &nbsp;electronic </P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">processing application software and systems servicing nine of &nbsp;Canada&#146;s top 10 </P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">conventional banking operations.&#148;</P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; text-indent:18pt; line-height:14pt; font-family:Arial; font-size:12pt">Westsphere will run ACI&#146;s flagship payment engine, BASE24, and ACI </P>
<P style="margin:0pt; text-indent:18pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">Payments Manager<FONT FACE="Times New Roman">&#8482;</FONT> in the BASE24 environment providing a comprehensive, </P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">high-performance, fault-tolerant &nbsp;solution to deliver services through ATM, and</P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">POS self-service devices. &nbsp;</P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&#8220;This is an exciting time for payments processing in Canada,&#148; said Mark</P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">Vipond, chief operating officer at ACI. &nbsp;&#147;We are enthusiastic about the</P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">opportunity to partner with Westsphere as it embarks on new ventures and</P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">business opportunities. &nbsp;The ACI On Demand environment should prove to be</P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">ideal for Westsphere&#146;s needs.&#148;</P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt"><B>&nbsp;&nbsp;About ACI Worldwide</B></P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;Every second of every day, ACI Worldwide solutions (ACIW) are at work</P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">processing electronic payments, managing risk, automating back office</P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">systems and providing application infrastructure services. &nbsp;&nbsp;ACI is a</P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">leading international provider of solutions for banking, retail and</P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">cross-industry systems. &nbsp;ACI serves more than 800 customers in 84 countries</P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">including many of the world's largest financial institutions, retailers and</P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">payment processors. &nbsp;</P>
<P style="margin:0pt; text-indent:22.3pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt"><B>About Westsphere Asset Corporation</B></P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">Westsphere Asset Corporation, Inc. (WSHE) is a leading financial holding </P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">company in Canada at the forefront of point of sale and online computer banking.</P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">&nbsp;</P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">Currently, the Company has established a strong presence in the privately </P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">owned Canadian banking sector including Automated Banking Machines (ABM), </P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">Point of Sale Machines (POS), Online Computer Banking (OCB) and </P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">eCommerce transaction security and payment. &nbsp;Westsphere maintains and </P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">services an ABM network across Canada and is a full participating member of </P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial; font-size:12pt">the Canadian INTERAC Banking System. </P>
<P style="margin:0pt; font-family:Arial; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial Unicode MS; font-size:12pt">Financial Profile:</P>
<P style="margin-top:4.15pt; margin-bottom:-12pt; padding-left:36pt; text-indent:-18pt; font-family:Symbol">&#183;</P>
<P style="margin-top:0pt; margin-bottom:4.6pt; padding-left:36pt; line-height:13pt; font-family:Symbol"><FONT FACE="Times New Roman">CAPITALIZATION: 75,000,000 COMMON SHARES WITH NO PAR VALUE </FONT></P>
<P style="margin-top:4.15pt; margin-bottom:-12pt; padding-left:36pt; text-indent:-18pt; font-family:Symbol">&#183;</P>
<P style="margin-top:0pt; margin-bottom:4.6pt; padding-left:36pt; line-height:13pt; font-family:Symbol"><FONT FACE="Times New Roman">SHARES ISSUED: Common- 531,115</FONT></P>
<P style="margin-top:4.15pt; margin-bottom:-12pt; padding-left:36pt; text-indent:-18pt; font-family:Symbol">&#183;</P>
<P style="margin-top:0pt; margin-bottom:4.6pt; padding-left:36pt; text-indent:72pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;: Voting Preferred- 1,416,143</P>
<P style="margin-top:4.15pt; margin-bottom:-12pt; padding-left:36pt; text-indent:-18pt; font-family:Symbol">&#183;</P>
<P style="margin-top:0pt; margin-bottom:5pt; padding-left:36pt; line-height:14pt; font-family:Symbol"><FONT FACE="Times New Roman">For further details, please refer to WSHE website </FONT></P>
<P style="margin-top:4.15pt; margin-bottom:-12pt; padding-left:36pt; text-indent:-18pt; font-family:Symbol">&#183;</P>
<P style="margin-top:0pt; margin-bottom:5pt; padding-left:36pt; line-height:14pt; font-family:Symbol"><FONT FACE="Times New Roman">WSHE Symbol OTCBB</FONT></P>
<P style="margin-top:4.15pt; margin-bottom:-12pt; padding-left:36pt; text-indent:-18pt; font-family:Symbol"><B>&#183;</B></P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:36pt; line-height:14pt; font-family:Symbol"><B></B><FONT FACE="Times New Roman"><B>Transfer Agent:</B> Holladay Stock Transfer Inc.</FONT></P>
<P style="margin-top:0pt; margin-bottom:5pt; padding-left:36pt; text-indent:360pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin-top:4.15pt; margin-bottom:-12pt; padding-left:36pt; text-indent:-18pt; font-family:Symbol">&#183;</P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:36pt; line-height:14pt; font-family:Symbol"><FONT FACE="Times New Roman">2939 North 67th Place</FONT></P>
<P style="margin-top:0pt; margin-bottom:5pt; padding-left:36pt; text-indent:324pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin-top:4.15pt; margin-bottom:-12pt; padding-left:36pt; text-indent:-18pt; font-family:Symbol">&#183;</P>
<P style="margin-top:0pt; margin-bottom:5pt; padding-left:36pt; line-height:14pt; font-family:Symbol"><FONT FACE="Times New Roman">Scottsdale, Arizona 85251 </FONT></P>
<P style="margin:0pt; line-height:14pt; font-family:Arial Unicode MS; font-size:12pt">DISCLAIMER </P>
<P style="margin:0pt; line-height:14pt; font-family:Arial Unicode MS; font-size:12pt">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 WSHE does not undertake an obligation to update forward-looking statements should conditions or management's estimates or opinions change. <BR>
</P>
<P style="margin:0pt; font-family:Arial Unicode MS">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2140 Pegasus Way N.E.</P>
<P style="margin:0pt; font-family:Arial Unicode MS">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Calgary, Alberta, Canada</P>
<P style="margin:0pt; font-family:Arial Unicode MS">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T2E 8M5</P>
<P style="margin:0pt; font-family:Arial Unicode MS"><BR>
<BR></P>
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Press Release
Press Release
SOURCE: Westsphere Asset Corporation, Inc.
Wednesday October 31 2007
PRESS RELEASE
Source: Westsphere Asset Corporation
Calgary Alberta, Canada
Westsphere Asset Corporation today
announces
that
Westsphere
Systems Inc. a subsidiary of Westsphere Asset Corporation has
selected BASE24® and ACI Worldwide, a leading international provider of software for
electronic payment systems to enable Westsphere to become a new ATM/POS
acquirer in the Canadian market.  The solution will operate in an ACI On
Demand™ hosted services environment.  With an initial deployment of
1,500 devices nationwide, Westsphere plans to leverage their On Demand
solution and expand their network over time.
"ACI is a leader in the Canadian market among Interac members," said
Doug Mac Donald, President and CEO of Westsphere Asset Corporation.  "After
Extensive research, we chose ACI based on the company's experience,
expertise and unique ability to provide the functionality we need to service our
customers."
ACI On Demand will allow Westsphere to use ACI's world-class payments
software through a hosted solution arrangement in which ACI will configure
and host a unique copy of its software to meet Westsphere's needs.
Mac Donald continued, "These are changing times in the Canadian electronic
payments business and we are very pleased that we have this association with
the premier and best in class provider of software for electronic payment
systems not only in Canada but North America and Internationally.   By
partnering with ACI, we have partnered with the largest supplier of  electronic
processing application software and systems servicing nine of  Canada's top 10
conventional banking operations."
Westsphere will run ACI's flagship payment engine, BASE24, and ACI
Payments Manager
™
in the BASE24 environment providing a comprehensive,
high-performance, fault-tolerant  solution to deliver services through ATM, and
POS self-service devices.
"This is an exciting time for payments processing in Canada," said Mark
Vipond, chief operating officer at ACI.  "We are enthusiastic about the
opportunity to partner with Westsphere as it embarks on new ventures and
business opportunities.  The ACI On Demand environment should prove to be
ideal for Westsphere's needs."
About ACI Worldwide
Every second of every day, ACI Worldwide solutions (ACIW) are at work
processing electronic payments, managing risk, automating back office
systems and providing application infrastructure services.   ACI is a
leading international provider of solutions for banking, retail and
cross-industry systems.  ACI serves more than 800 customers in 84 countries
including many of the world's largest financial institutions, retailers and
payment processors.
About Westsphere Asset Corporation
Westsphere Asset Corporation, Inc. (WSHE) 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: Common- 531,115
·
: Voting Preferred- 1,416,143
·
For further details, please refer to WSHE website
·
WSHE 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 WSHE 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, Canada
T2E 8M5