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

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

<p><b><font face="Arial">Monday July 12 2004</font></b></p>

<p><b><font face="Arial">Source: Westsphere Asset Corporation</font></b></p>

<p>Calgary Alberta, Canada <b>Westsphere Asset Corporation announces that it has entered into final negotiations to purchase a
majority position of TRAC P.O.S. Processing Inc.</b></p>

<p>As stated in the press release of October 22, 2001, Westsphere Asset Corporation, Inc. intentions were to purchase a larger
percentage of Trac P.O.S. Processing Inc. Westsphere therefore confirms today that it has expanded its present position in Trac
P.O.S. Processing Inc. to 53% with the intention to further advance its holdings within TRAC P.O.S. Processing Inc. through
continued negotiation with other TRAC shareholders.</p>

<p>Doug Mac Donald, President of Westsphere stated, "We have participated in the development of TRAC P.O.S. from the pioneering
stages of alternate banking participation in "Point of Sale" in Canada and feel that the time is right to expand our continued
growth and optimize our profitability through further acquisitions, particularly in new product initiatives which enhance and
expand our core business activity. We perceive this acquisition to be a positive step in allowing Westsphere becoming a fully
integrated company for "Point of Sale", "Automated Banking Machines", "e-commerce and shared cash 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>Float approx 1,000,000</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>

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

<p><font face="Arial Unicode MS">Calgary, Alberta, Canada</font></p>

<p><font face="Arial Unicode MS">T2E 8M5</font></p>

<p><font face="Arial Unicode MS">Tel: +1-403-290-0264</font></p>

<p><font face="Arial Unicode MS">Fax: +1-403-290-1266</font></p>
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trac0712
Press Release
SOURCE: Westsphere Asset Corporation, Inc.
Monday July 12 2004
Source: Westsphere Asset Corporation
Calgary Alberta, Canada
Westsphere Asset Corporation announces that it has entered into final negotiations to purchase a
majority position of TRAC P.O.S. Processing Inc.
As stated in the press release of October 22, 2001, Westsphere Asset Corporation, Inc. intentions were to purchase a larger
percentage of Trac P.O.S. Processing Inc. Westsphere therefore confirms today that it has expanded its present position in Trac
P.O.S. Processing Inc. to 53% with the intention to further advance its holdings within TRAC P.O.S. Processing Inc. through
continued negotiation with other TRAC shareholders.
Doug Mac Donald, President of Westsphere stated, "We have participated in the development of TRAC P.O.S. from the pioneering
stages of alternate banking participation in "Point of Sale" in Canada and feel that the time is right to expand our continued
growth and optimize our profitability through further acquisitions, particularly in new product initiatives which enhance and
expand our core business activity. We perceive this acquisition to be a positive step in allowing Westsphere becoming a fully
integrated company for "Point of Sale", "Automated Banking Machines", "e-commerce and shared cash 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
Float approx 1,000,000
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, Canada
T2E 8M5
Tel: +1-403-290-0264
Fax: +1-403-290-1266